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Gunnar Miller's avatar

It always baffles me why the UK and European banks don't simply issue 30-year fixed-rate mortgages. UK floating rate resets appear to be particularly disruptive events.

The energy thing is huge; we manage our household finances very tightly (especially now that I'm retired), but sharply higher gas and electricity prices in Germany have us economizing and forgoing discretionary expenses to an extent I never contemplated. Meanwhile, back in the States, it's business as usual for my retired parents, who just bought a new car.

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