Housing's Global Slump Is Deepening From Rate-Hike Pain

The video discusses the global housing market trends post-pandemic, highlighting the rise and subsequent decline in house prices due to changes in interest rates by central banks. It explains that while policymakers aim for a controlled slowdown to curb inflation, the situation remains delicate. The video also examines China's unique property market challenges and its significant impact on the global economy.

Discuss the impact of rising interest rates on households with variable rate mortgages.

What are the implications of the global property downturn for the economy?