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United States | News & Politics@lemmy.mlEnglish · 1 year ago

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration'

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Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration'

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to

United States | News & Politics@lemmy.mlEnglish · 1 year ago

"It's bad across the board for the country but it's hard to avoid exposure wherever you live in the world," Joao Gomes tells Fortune.

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Buying a house is like planting a tree. The best time was 29 years ago, but the second best time is now.