Holy fuck. 

 If you got a variable, you are a shitcoiner 

 A lot of people have no idea how anything works.  I  barely do, but I know enough to have a fixed rate mortgage.  

 Or you reside in Austria, Greece, Italy, Portugal, or Spain where ARMs are common 

 ARMs are common in the US. Just ill-advised for this exact reason. If you cannot qualify for a FRM in the US better to not get a mortgage at all. 

 Common for people who are ignorant about the danger 

 Your financial privilege is showing. Some jurisdictions have much less choices than affluent western regions. 

 Show me one country where banks offer variable rate mortgages ONLY 

 If you've got a low fixed rate, hold on to it like your life depends on it. 

nostr:nevent1qqsg2gszkucn98pz24yzdj4rc5r2n80f9cnx5ys8vvhuw6x95twv7vgpp4mhxue69uhkummn9ekx7mqzypjed5qpmj0wpt5mj2g8mjgq233qnp9zyyuf4z0gan2xvzzyu8j76qcyqqqqqqg9w5p82 

 ffs, why would anyone enter a variable rate mortgage when rates were at historical lows? 🫣 

 better beg 'Creepy Joe' for another moratorium! 

 Anyone else see the cliff we're driving full force (and accelerating) towards? 

 upon further review...i dont think this is a US mortgage statement. We dont put dates in this format: DD/MM/YYYY like in some foreign jurisdictions. 

 Looks like a UK mortgage. It's very common to have fixed rates for a short period. E.g. 2yrs or 5yrs. Banks don't generally offer lifetime fixes. 

 Cheeeesus crust on a motorbike! 

 "Thank you for reaching out. Please consider this me 'doing something'. I do not elect to move to the SVR provided and will continue on our contractually agreed upon rate of 3.59%. Thank you for your understanding. Have a nice day." 

 Oh shitballs!