a 30% mortgage rate cant be paid, period. a 10% mortgage rate on a 30 years 100000 loan means you end up paying 360000 (260k are interests) this is with a 1000 monthly payment which is quite harsh. i would post how much you end up paying with a 30% rate but the online mortgage calculators i used dont let me use higher rates than 10% so i went 5%, half of 10%, with said rate you end up paying is around 200k which 100k are interests, so doubling the rate doesnt mean double the interests, it means even more, now imagine tripleing that 10%... ziggers are going to be paying their mortgages until they die, then their children will be paying the mortgage, then their grandchildren... this is completely unsusteinable, vatniks are going to default en masse then russian banks are going to default shortly after, its going to be like in 2007 all over again localized entirely within russia.
Spain