10:58
That 7% interest rate is all else being equal, right?
Now, electricity prices emptied some people’s savings accounts last winter, and I know of families with children who moved into small rental apartments with district heating to manage.
And it’s not just the career-driven family with the dream house – all types of households probably have less disposable income right now?
An anecdote was a single mother, a nurse, with two children who lived in a two-room apartment in Fruängen and had about 1.5 million SEK in loans – not a huge loan. She is looking for an out.
10:15
Interest rates and electricity prices aside, unemployment is probably the biggest problem for homeowners with loans, so if unemployment rises sharply, things could get lively, right?
I was sitting and reading a bit about homeowners who are starting to reach their pain threshold, and we are probably facing another expensive electricity winter, and interest rates are expected to continue rising for a while.