Here were I live - Portugal - salaries are low and the house prices bubble has been unbelievably massive for almost a decade, so a majority of mortgages have variable rates: it really was the only way they could afford paying such house prices with the low salaries they get.
I’m quite curious which countries will turn out to have large mortgage powder kegs and which don’t.
Well, good for you in the US.
Here were I live - Portugal - salaries are low and the house prices bubble has been unbelievably massive for almost a decade, so a majority of mortgages have variable rates: it really was the only way they could afford paying such house prices with the low salaries they get.
I’m quite curious which countries will turn out to have large mortgage powder kegs and which don’t.