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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 362.32

-1.8%

Nov 4 4:00 PM EST

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To: Snowshoe who wrote (109758)	1/16/2015 7:51:15 PM
From: Elroy Jetson	Read Replies (2) of 217542

It's very difficult for most people to get a mortgage in a currency other than the source of their income. Eastern European governments offer government subsidized mortgages in Forints in Hungary and in Euros elsewhere. bankracio.hu That would be an odd person who passes up a government subsidized home loan in their own currency in order to borrow a mortgage in a foreign currency. Well less than 1% of Russians took out mortgage loans in Euro's, but those who did borrow their home loan in Euros now owes roughly 2.5 times as many Rubles as they borrowed.

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