Wall Street Silver @WallStreetSilv
A large portion of mortgages are adjustable rates. They start adjusting to the new higher rates in January 2023. We will see mortgage payments exceeding 50% of income for many UK home owners in 2023. Adding in high energy bills, this soon equals a huge wave of mortgage defaults. https://t.co/luKkHu3wWe — PolitiTweet.org