BBCNEWS Newsday July 5, 2024
the people who are affected most by high interest rates would tend to be younger households. older people, older house holders, are more likely to have paid off their mortgages — they are mortgage free — so they don't feel the impact of the increase in mortgage rates. you could spread the pain more broadly, so those households that, perhaps, aren't facing higher mortgage rates currently — households that don't hold mortgages — would potentially contribute towards the squeeze in demand by paying higher taxation. you could argue for a property tax, for example. yet there are al...