4 ms·
In germany we will enter soon zero interest for house credits... Where that will lead to...
by Bombthecat 7y ago
In germany we will enter soon zero interest for house credits... Where that will lead to...
- derriz 7y agoIt's happened in Denmark already - https://www.cnbc.com/2019/08/12/danish-bank-is-offering-10-year-mortgages-with-negative-interest-rates.html https://www.cnbc.com/2019/08/12/danish-bank-is-offering-10-y... It feels very weird.
- Ididntdothis 7y agoIt will accelerate the housing price bubble even more. This doesn’t seem a very desirable outcome.
- Bombthecat 7y agoThe question is: in industrialization, everyone and his dog moved to cities. In masses. This might happen again. This will increase demand by a... Ton. It might still be worth it, even if it is a housing bubblem I mean, partly it is happening like back then. Two, three people or even families living in one apartment...
- conanbatt 7y agoA 1.000.000U$S home at 0% or a 500.000U$S at 4%?
- Bombthecat 7y ago500k at 4 percent. You can pay off faster with just even as little than once in a while 100 dollar extra in a month. Or with your tax returns etc.
- conanbatt 7y agoMarket is choosing the latter right now. Which is interestingly dangerous to me. Houses can go down, but interest can't go down a lot at 0%. In a slump without credit houses can go up, and interests can go down.