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346 sats \ 2 replies \ @Undisciplined 27 Oct 2023 \ on: Ridiculous ZIRP phenomena you've seen? meta
Relatives of ours bought a house back at historically low interest rates. They also got an adjustable rate mortgage because they were sure interest rates would never rise.
Stay humble.
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301 sats \ 0 replies \ @birdeye21 OP 27 Oct 2023
https://media.tenor.com/Pnqa_y2qAuAAAAAC/del-bosque.gif
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187 sats \ 0 replies \ @chairman_pretense 27 Oct 2023
Honestly found this insane. People were getting 1-2% mortgages and not getting fixes because they thought it would go lower. Just completely dumb. The upside was so little but the downside was huge.
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