Rick on Nostr: Low interest rates are good, if you buy a house at a low interest rate and need money ...
Low interest rates are good, if you buy a house at a low interest rate and need money later you can refinance your house which basically means you replace your mortgage with a mortgage with more favorable terms. In this case people's interest rates are over twice as much as they were before, which means their repayments will be much much higher later for money they use now. That's the least retarded explanation I can offer.
Published at
2023-03-11 09:08:32Event JSON
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