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@bascule ("Tony "Abolish ICE" Arcieri 🦀🌹") wrote:
Why would you pile into a risky mortgage just to have a home you can live in when you could use that money to buy Bitcoin instead? /s
with quote tweet:
Why people are piling into large risky variable mortgages to buy inflated homes:
(Variable mortgage rate: 1.7%) - (Inflation: 4.7%) = -3%
So the real, inflation-adjusted rate is NEGATIVE 3%.
You get paid to borrow big.
So where's the $$ coming from?
From @BenRabidoux
