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re: Russian borrowers money woes include their home mortgages
Posted on 12/14/14 at 8:43 pm to LSUFanHouston
Posted on 12/14/14 at 8:43 pm to LSUFanHouston
I'd imagine that 10% rate reflects the risk the buyer will default and the risk the transactional currency will devalue. Based on the percentages posted, it seems the ruble devaluing is just as risky as the individual buyer defaulting.
Speaking to your other post, that is another interesting variable that we Americans don't have to take into account when obtaining credit.
Speaking to your other post, that is another interesting variable that we Americans don't have to take into account when obtaining credit.
This post was edited on 12/14/14 at 8:45 pm
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