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@ Bitman #FixTheFilters
2025-02-21 22:18:16
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.