Replying to Avatar StackSats.IO

The currency will be the fall guy.

Gov is intent on propping up the housing Ponzi, all the politicians own multiple properties and juice the shit out of the system so they won’t change anything which risks them and the Boomers wealth.

Expect to see more of this:

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TheBitcoinManual 1y ago

Oh and I just checked the rates, so is AU mortgage rates 6.8% with the term 30 years, so you telling me the buyer ends up paying 13 million in the end? Good grief

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StackSats.IO 1y ago

This was likely either a Developer who will put 4 townhouses on the block and sell them for $2M a pop or a Chinese buyer who paid cash.

Not even the top 1% can afford a $30k per month mortgage.

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( -_-) 1y ago

30 year fixed rate mortgages are not a thing outside of the US

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TheBitcoinManual 1y ago

Not sure about fixed rates, but there are 30 year mortgages in EU countries

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( -_-) 1y ago

Those are definitely not fixed rate mortgages

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TheBitcoinManual 1y ago

Then a lot of people are getting rekt or in the process under these rates

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( -_-) 1y ago

Yeah, or central banks will lower rates soon and fuck over savers to bail out debtors.

At the end of the day all of this is a war between savers and debtors about who will eat the losses.