Mortgage payers face largest home loan squeeze since early 1990s housing crash | Ed Conway

So, I read this wild article about how mortgage payers are in for a tough time. Apparently, it’s going to be the biggest squeeze since the 1990s housing crash! Pretty intense stuff, if you ask me.

Basically, what’s happening is that the interest rates on mortgages are going up, which means that people will have to pay more money each month. On top of that, the housing market is getting more competitive, so houses are more expensive to begin with. This combination of factors is going to make it really hard for people to buy a house or keep up with their existing mortgage payments.

It’s kind of crazy to think about. I mean, I remember when my parents bought their house in the late 90s, and they were really worried about whether they could afford the mortgage payments. It seems like we’re heading back to those times, and it’s definitely not a good thing.

One thing the article mentioned that I found interesting was that a lot of people might end up having to downsize or move to a cheaper area. That’s something I’ve definitely seen happen with some of my friends who struggled to keep up with their mortgage payments. It’s sad to see, but I guess it’s better than losing your home altogether.

So, I think the takeaway from this article is that if you’re a homeowner or thinking about buying a house, you need to be really careful and make sure you can afford it. It’s not just about getting a nice house – it’s about being able to actually keep it and not fall into financial ruin. Scary stuff, but definitely something we all need to keep in mind.