Ok so I get property and I get many of the drivers of growth and decline and interest rates and rental yields however there is one thing I struggle with and hoping someone can clear this up for me. I read a lot of posts on here where people talk about the inevitable return to high interest rates and then in the same sentence talk about declining values and rental rates and I struggle to see how all three occur at the same time. I was always of the understanding if interest rates go up this is normally to curb inflation. If your curbing inflation then normally values are inflating so you have just benefited from capital growth. If this is occurring yields might be dropping but rentals rates will be increasing as leases are renewed. Equally the reverse scenario results in lowering interest rates causing relief to the deflation which ultimate tries to reignite inflation. Succinctly... What has to occur for your property portfolio to experience wide set decline, vacancy/lower rental and high interest rates to the effect of panic? And how likely is this perfect storm of economics occurring in the short to medium term?