The Bank of Russia, the country’s central bank, has now raised rates by 7.5 percentage points since July
Holy crap, 7.5% in (basically) 1 quarter. Imagine trying to buy a house and having your loan repayment amount jumping faster than you can get paperwork filed.
So your comment made me go “lol, imagine buying a house in Russia.” Meaning my preconceptions were that most in Russia didn’t have the means to own a home.
But then I’m like, I don’t actually know that, let’s check it out.
According to this site home ownership in Russia is over 90%. So what you outlined is a real problem for people there, and changes some of my mental picture of Russian life.
90% sounds really high? At least compared to the states where it seems a vast majority is renting??
No idea the data on this, just going off my anecdotal experience.
Everything was owned by the state during Soviet times. Then the people got the chance to privatise their homes for pennies. Now everyone is an owner. That happened to all countries which were a part of USSR, not just Russia. Renting is a very weird concept over there. You only rent if: you travel a lot for work, you’re a poor student in a different city and your uni didn’t provide accommodation, or you’re an alcoholic who lost their home.
Source: born and raised in USSR.
90% own houses, but evidently a much lower percentage also own a washing machine, judging from the souvenirs the conscripts have been bringing home
🤦🏻♂️
It’s always so strange to me that we don’t see the same bombastic support from the tankies over news like this, surely this is another genius move which underscores the futility of Western sanctions, right? Another 5d chess move to bring Ukraine to it’s knees, or dismantle the petrodollar, surely? 🙃
Are the tankies in the room with you right now?
This joke’s getting as stale as the “attack helicopter” shit your alt-right counterparts say.
I’m sorry, I have no idea what you’re talking about.
Sad.
How helpful.
buT tHE sANcTioNs dOn’T dO ANyThiNg
