Jake's View | Love or hate it, a higher mortgage rate will help to normalise Hong Kong’s housing market
Higher mortgage rates were inevitable and they will help bring back normality to the property market
Homebuyers hit as Hibor jumps to 9-year high - Business, November 29
Some people will always complain that a glass is half empty rather than be glad that it is half full. Here at last, comes the remedy to the high home prices about which everyone has complained for years, and what are we told instead?
Homebuyers hit.
I shall grant you that people who have just recently bought into residential property market will not feel happy about the rising trend of interest rates, and I am sorry for the minority among them who are not speculators.
But it is still the only way that home prices can come down, and many other people will be happy when they finally do so.
We shall leave to their dreamworld (and the letters page) those hopefuls who believe that the government has only to legislate lower prices and all will be well again.