Cancelled: The idea that a big mortgage is a noble burden because home prices will rise

We are already seeing consumers cut back their spending. The big test is when the bulk of the mortgages come up for renewal. What will the interest rate and mortgage payment be at that time? Real estate investors are also affected the same. How will they renew and refinance, especially if they are generating negative cash flow? How will it affect them and what about the rental rates? Will they be higher as forecasted or will they decline?