In the US, a 6% 30-year mortgage on a $200k home costs $1,199/mo (excluding taxes, insurance, etc). That exact same mortgage at Russia’s 19% is $3,178/mo.
No, at 19% it’s basically impossible to finance anything. Good luck buying a home, buying a car, expanding your business. We are talking literal credit card rates for the safest of things. And I’m being generous here, nobody gets the central bank rate, that is the floor, the cheapest rates that only banks get.
They are doing so well that they come live in Europe if they have the possibility.
I have friends in Russia and the situation was not good before war and now it is shit.
There are a lot disparity in the country. You have people with a lot of money that had a lot of benefits after the fall of Ussr, mostly muscovite. But a lot of people are very poor there. My friends are from either Ekaterinburg or the Kavkaz and the life there is difficult. But they are all coming from. Big cities if you go to the country side it is far worse.
And then people will tell you that sanctions don’t work
Surely the CIA backed RFE wouldn’t be spewing propaganda would they? According to actual Russians in Russia everything is normal.
19% central bank rates are anything but normal.
In the US, a 6% 30-year mortgage on a $200k home costs $1,199/mo (excluding taxes, insurance, etc). That exact same mortgage at Russia’s 19% is $3,178/mo.
No, at 19% it’s basically impossible to finance anything. Good luck buying a home, buying a car, expanding your business. We are talking literal credit card rates for the safest of things. And I’m being generous here, nobody gets the central bank rate, that is the floor, the cheapest rates that only banks get.
They are doing so well that they come live in Europe if they have the possibility. I have friends in Russia and the situation was not good before war and now it is shit.
The ones I know living there say the opposite.
There are a lot disparity in the country. You have people with a lot of money that had a lot of benefits after the fall of Ussr, mostly muscovite. But a lot of people are very poor there. My friends are from either Ekaterinburg or the Kavkaz and the life there is difficult. But they are all coming from. Big cities if you go to the country side it is far worse.
Ignoring your source of, “trust me bro,” a huge number of actual Americans in America think things are normal. How does that relate to interest rates?
Americans dont see thugs as normal. They are we are getting fucked with high prices and shrinkflation everywhere