Patrick Boyle
speaker
346 appearances
1 recordings
1 series
first heard Jul 2026
last heard 13 Jul
Patrick Boyle’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Now, you would say, well, who are all the people who can suddenly afford to pay this much more?
Like, they haven't had pay raises or anything.
And the answer is they don't exist.
But the sellers are not willing to mark down their homes, right?
They've locked in at a low mortgage rate.
And so you see in the United States just transactions have...
collapsed, you know, like sellers aren't willing to market down and take a massive loss and it's totally unaffordable to buyers.
So you just end up with this frozen housing market.
In other parts of the world, in England, where your interest rate is usually variable, you can only lock it for a few years.
you actually feel the pain.
Like when interest rates go up, your mortgage bill goes up, and you have to ask yourself, you know, can I afford to keep paying this?
And so you're more likely to see a squeeze on homeowners in places with variable interest rate mortgages.
But in the United States, you just see the market freeze up.
And that also, it's worth noting, like it's kind of lucky, but it's not always.
Because, for example, if you had...
I don't know, a great job and you're offered a promotion, but you have to move across the country, you know, you think, well, gosh, you know, if I sell my house now and I get $500,000 and I buy a home in this other place for $500,000,
The mortgage, you know, the cash flow, I can't do that.
Like, I'd have to buy a $300,000 home in order to, you know, to finance it with the same cash flow.
And so I won't take that job promotion.
And so it sort of harms people, you know, worker mobility and careers and things like that, all just sort of clinging on to this investment.
Showing 321–340 of 346 · page 17 of 18
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