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It is _far worse_ in Europe since mortgages are typically not fixed rate for 30 years - an aberration almost unique to the US.
by jen20 2y ago
It is _far worse_ in Europe since mortgages are typically not fixed rate for 30 years - an aberration almost unique to the US.
- weweersdfsd 2y agoOh yeah, you're right. Rising rates basically crashed the entire construction sector in my country for that reason, since few people can afford the rates, so no new mortgages.