30 year fixed rate mortgages are a massive US Gov welfare program but most americans assume they will always exist - hard to imagine them still being offered if inflation keeps running as expected
extremely rare outside of the U.S (maybe just Germany and Japan which are the most disinflationary economies)
rest of the world operates on 30 years variable rate which makes no economic sense in any scenario, especially when the entire economy is relying on this mechanism to not break
rest of the world operates on 30 years variable rate which makes no economic sense in any scenario, especially when the entire economy is relying on this mechanism to not break
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