Thread - Nostr Hypermedia

StackSats.IO StackSatsIO@nostr.com.au 1 year ago

The currency will be the fall guy. Gov is intent on propping up the housing Ponzi, all the politicians own multiple properties and juice the shit out of the system so they won’t change anything which risks them and the Boomers wealth. Expect to see more of this:

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Replies (7)

StackSats.IO StackSatsIO@nostr.com.au 1 year ago

This was likely either a Developer who will put 4 townhouses on the block and sell them for $2M a pop or a Chinese buyer who paid cash. Not even the top 1% can afford a $30k per month mortgage.

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( -_-) 1 year ago

30 year fixed rate mortgages are not a thing outside of the US

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TheBitcoinManual thebtcmanual@getalby.com 1 year ago

Not sure about fixed rates, but there are 30 year mortgages in EU countries

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Diego Valley 1 year ago

Do you actually get both houses in the picture? 😂😂

( -_-) 1 year ago

Those are definitely not fixed rate mortgages

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TheBitcoinManual thebtcmanual@getalby.com 1 year ago

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

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( -_-) 1 year 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.