This article explains the banks' incentives.
https://open.substack.com/pub/f0xr/p/the-big-bank-lie?r=3i492j&utm_campaign=post&utm_medium=web
They aren't losing anything. Once you understand how banks actually work, a lot of other things will make more sense to you.
If you're able to buy a house at those rates, the banks are giving you an amazing opportunity to short fiat against a hard(ish) asset for 20 years.
f0xr
npub1h3k…wlmn
2024-04-26 11:46:32
in reply to nevent1q…09k6
Author Public Key
npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmnPublished at
2024-04-26 11:46:32Event JSON
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