https://open.substack.com/pub/f0xr/p/the-big-bank-lie?r=3i492j&utm_campaign=post&utm_medium=web

They aren't losing anything. Once you understand how banks actually work, a lot of other things will make more sense to you.

If you're able to buy a house at those rates, the banks are giving you an amazing opportunity to short fiat against a hard(ish) asset for 20 years.