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AGree
Also, as interest rates increase, more and mroe people who have mortgages will be finding it harder to cope. This will mean more of thier disposable income goes to the bank rather than the economy. Businesses will also find it ard to cope as it is harder for them to pay off their bank loans, which would affect unemployment rates etc.
AS you can see, this is all very negative, and property prives will have no choice but to head south
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