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Chances are the house will be worth ten millions, but those ten millions won't be much after the global corona compensation money printing spree and the 1.x mil
by usrusr 7y ago
Chances are the house will be worth ten millions, but those ten millions won't be much after the global corona compensation money printing spree and the 1.x million the borrower pays will be worth nothing. The borrower being forced to walk away would be a best case outcome for the bank in a high inflation scenario.