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A comment on Nokia’s collapse turned a sleepy town in Finland into an internet wonderland. Parent comment

Re:Nokia’s collapse turned a sleepy town in Finland into an ... by mandelbrotwurst on Wednesday October 30, 2019 @10:02AM (#21397815)
Is it not the case where you are / in most countries as it is in the US that most homeowners have loans out for most of the value of their property (sometimes even more!)? In which case, surely the value of the current home matters quite a lot?

Maybe you mean to say that what matters is the difference between the price of the desired future home and the amount of salable equity that they have in their current home?

[ Parent | on HN ]
Re:Nokia’s collapse turned a sleepy town in Finland into an ... by frobozz on Wednesday October 30, 2019 @12:37PM (#21399611)
Where I live, 100% LTV mortgages are not common, and prices have been rising for years.

Someone who took out a 100% LTV mortgage ten years ago and only paid the interest would now own about 30% of the equity.

[ Parent | on HN ]