16:29
Then there’s the thing about wage-driven inflation, we haven’t seen that yet, and my thought was that there will be a hump with higher interest rates but no wage-driven inflation that one must first survive.
After that hump of 2-3 years, wages will catch up and THEN loans will be inflated down over time.
16:26
I’m starting to get a bit curious about how this will affect households going forward, as everyone has a limit to what they can absorb.
Interest rates today are so high that a Stockholm mortgage probably absorbs an adult in the household’s entire salary now?
The other salary has to cover bills, and electricity prices can rise again, then food, car, SL card, and so on.
It feels like we’re already reaching a limit and costs are still increasing, right?