Flat prices
In the paper the last few days for all those thinking about buying/renting..
US interest rates now on the way up.
What this means.
1. Mortgage payments in HK are going up...
2. Those who own (landlords) are going to have higher mortgage payments therefore rents will go up proportionately..
3. If the rates go high enough to the point where you can no longer make payments, you default and loose your shoe box (and your parents shoe box re the one above who mortgaged his parents appt to get down payment)..
OR
If interest rates go high enough - a property crash where you wake up and your shoe box has lost 50% of its value BUT your mortgage has NOT...
This has happened in HK - Caveat Emptor