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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

( -_-) 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

( -_-) 1y ago

Those are definitely not fixed rate mortgages

TheBitcoinManual 1y ago

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

( -_-) 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.