The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
Adjustable rate mortgages change with interest rates. The ‘real’ value of a fixed mortgage changes with inflation.
Landlords are passing on costs in the same way that banks pass costs to them or mortgage holders.
The kind of people that get ARMs are already in trouble.