Mortgage Rates Now at 6.375% | Economic HELL is Coming

This Economy is TOAST.. Mortgage Rates Heading to 8% - Add me on insta @ThisisJohnWilliams

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We are entering Economic Hell. We are in a very inflationary environment supported with very low mortgage rates which inclines most investors to buy single family homes, apartment houses, land, mobile home parks, stocks and all real assets. However when they raise rates, the true state of the economy will become very clear.

I believe what will soon happen is most buyers will be priced out of the real estate market and these buyers will be forced to rent. The landlords of these rental properties will know this and will increase the rents and when they do this, the tenant will have a harder and harder time saving to buy a home.

However the landlords will not have all of the upside, their costs to repair the properties will become more expensive, their insurance will increase, their defaults will increase and so will their problems. However it will likely be much better to be the landlord than the tenant in the next few years.

We are witnessing the beginning of the end of the middle class and the end of the artificial economy is here. We are soon going to see the true state of the economy when mortgage rates increase and with that consumer loans such as credit card debt, auto loans debt and all personal debt get more and more expensive by the day.