https://nostr.build/i/9aa04fc35568b42b48a7326099eeae2a87d8cdf74a50965c2c38c7a4d7da56a1.jpg

Ya why on earth would any bank take a 30 yr fixed at this point?

When generational 200 year mortgages?

Inflation erodes the purchasing power of the currency and i truly believe that ₿itcoin fixes it

So you're predicting that there will be a decree that banks can only offer variable rate mortgages, sometime in the future? Definitely possible.

Mortgages are a psyop.

It will be 60 year mortgages next

Extending duration is one way to keep the scam going. They used to be 10 year in the 1920/30s

40 year mortgages up next.

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

Try the new 40 year mortgage.

The weird thing is that you have to pay property taxes even if your equity is less than 5% in that particular property!

I wonder how often mortgages are used for money laundering via real estate house exchange sales. Some of the houses are not worth the money they are being sold at. very weird exchanges going on.

All I hear is get more Fiat while the banks still hand it out ‘cheaply’ 😅 only get’s more expensive if you wait

60 year mortgages wen