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The economy has not yet fully absorbed the repercussions of the fastest interest rate hike in modern history 👀

Its impact is expected to continue reverberating throughout 2024 and beyond 😮

#Nostr

If you got a variable, you are a shitcoiner

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A lot of people have no idea how anything works. I barely do, but I know enough to have a fixed rate mortgage.

Or you reside in Austria, Greece, Italy, Portugal, or Spain where ARMs are common

ARMs are common in the US. Just ill-advised for this exact reason. If you cannot qualify for a FRM in the US better to not get a mortgage at all.

Common for people who are ignorant about the danger

Your financial privilege is showing. Some jurisdictions have much less choices than affluent western regions.

Show me one country where banks offer variable rate mortgages ONLY