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Rising Interest Rates Concern Apartment-Building Owners, Renters
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Investors who bid up apartment-building prices to record levels over the past year are starting to come under pressure as rapidly rising interest rates squeeze their profits.
Steeper borrowing rates make it harder for apartment landlords to pay back their loans. That could also be bad news for tenants, if it encourages building owners to raise rents higher than they might otherwise because that is their primary tool for generating more income.
Read more on wsj.comAbout this in other media
Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation theguardian.com /2 years ago
Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision theguardian.com /2 years ago
May Jobs Report Keeps Fed on Track for Half-Point Interest-Rate Rises wsj.com /2 years ago
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