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Old 07.08.2019, 17:45
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Money for nothing... Chicks for free in Denmark! [ Danish Interest Free Mortgages ]

Soon perhaps it would be offered in Switzerland?

How much is a house worth when you don’t have to pay anything to finance it?

I guess most people will start to really think about buying as the deposits they put down will become gigantic! Or the 5% affordability would make these mortgages unattainable for most people.

Link: https://www.bloomberg.com/news/artic...s-rates-plunge
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Old 07.08.2019, 17:55
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Re: Money for nothing... Chicks for free in Denmark! [ Danish Interest Free Mortgages

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How much is a house worth when you don’t have to pay anything to finance it?
Legal limitations on how much can be borrowed and the rent which has to be used to calculate the max possible mortgage changes little to nothing. And the more expensive houses become the more people have to bring in.

So there still is a strong limitation on prices running completely wild.
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Old 07.08.2019, 18:22
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Re: Money for nothing... Chicks for free in Denmark! [ Danish Interest Free Mortgages

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How much is a house worth when you don’t have to pay anything to finance it?
How about you actually getting money from the bank?
https://www.aargauerzeitung.ch/wirts...nsen-134683513
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Old 07.08.2019, 18:47
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Re: Money for nothing... Chicks for free in Denmark! [ Danish Interest Free Mortgages

There is something clearly wrong with a system where the lender has a means to control the value of the item they are lending against, isn't it? By reducing rates banks effectively inflate real estate prices - which benefits them far more than the minimal difference in interest rates
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So there still is a strong limitation on prices running completely wild.
I suspect there will come strong pressure on relaxing affordability criteria for lending and ways for the bank to actually even lend the "bring in" deposit in some kind of hidden way. The pressure to keep prices going up is too strong

At the end of the day it's just numbers on papers. We'll all be slaves to the end of our lives anyway
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Old 07.08.2019, 18:51
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Re: Money for nothing... Chicks for free in Denmark! [ Danish Interest Free Mortgages

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How about you actually getting money from the bank?
https://www.aargauerzeitung.ch/wirts...nsen-134683513
Indeed... when people get paid to borrow money they start to think “what’s the catch?”.

This situation will sooner or later will turn into a game of hot potato where the last person to buy the house burns his fingers.
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