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is this a lot? I remember having a mortgage in pre-war Russia, the interest was more than 10 percent
by tryauuum 2y ago
is this a lot? I remember having a mortgage in pre-war Russia, the interest was more than 10 percent
- Rinzler89 2y agoThe stronger the country's economy is, the cheaper they can borrow money. The poorer the country is, the more expensive it is to borrow. Basically, "it's expensive to be poor" applies both to individuals as well as countries.
- splix 2y agoAs I see from the public stats, it's about the rate people get for a car loan in US. And a car could easily be above $70K. From personal experience, when I had no credit history (i.e., the similar situation) I was charged twice of that rate. So it doesn't seem to be a lot.
- fragmede 2y agoaverage car price in 2024 us $48k, so a $70k car is still for the posh.