golden handcuffs

“It’s like golden handcuffs because where do you find a salary that matches what you had?”

According to Leo Peak, a real estate agent at Peak Family Real Estate Group, many homeowners are currently feeling the "golden handcuffs" effect of being locked into their homes by historically low mortgage rates.

“Because of high interest rates,” he said, “there’s no mobility out of rental situations to buy homes. Everyone is stuck — homeowners with golden handcuffs, renters basically with unadorned handcuffs.”

"Buyers are jumping back in the fray as the new normal of rates are setting in. Homeowners who would typically sell their home, however, have the golden handcuffs of yesterday's rates making it much more attractive to stay put," says Rachel Mehmedagic, owner of Windermere Real Estate's office on Mercer Island in the Seattle region.

Advisers had counseled him that a possible indictment by a Manhattan grand jury involving hush-money payments to an adult-film star would not come for some time — if at all — and Trump had even begun joking about “golden handcuffs,” said one person who spoke with him in recent days.