bitman on Nostr: Currently it’s low interest rates combined with high inflation. People are ...
Currently it’s low interest rates combined with high inflation. People are scrambling to take on mortgages at less than 3% interest rates as a way to keep their savings from evaporating. What is very sus is that right now more than 30% of the real estate purchases are done without debt, meaning probably a lot of the demand comes from oligarchs that are laundering money in preparation for the imminent Eurozone membership. I don’t see how these rises can be sustainable. It’s late stages bubble territory.
Published at
2025-02-21 22:18:16Event JSON
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