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Not sure how it would affect home mortgages but the majority of icelanders are on mortgage plans that the principal remaining rises with inflation(I forget the
by bbarn 19d ago
Not sure how it would affect home mortgages but the majority of icelanders are on mortgage plans that the principal remaining rises with inflation(I forget the name, I left a few years ago) - and will never likely pay them off.
- solidr53 19d agoNot quite true. The ratio fluctuates with the market conditions. Figure https://sedlabanki.is/library/?itemid=d2527537-11bc-4aca-9443-6a10e786c8e3&action=width%3A1024 https://sedlabanki.is/library/?itemid=d2527537-11bc-4aca-944... Verðtryggð loans are popular when economy is hard, people can enter the real estate market. Once things go in the opposite direction people change to Óverðtryggð lán.