Are you a foreigner who is still scratching your head regarding the price-indexation?

In plain and simple terms, in the last two years I have paid around 2,5 million ISK to the bank for the home loan. In the same two years, the home loan has grown by 2,5 million ISK.  This basically means that I have seen 5 million disappear into the home loan. 

Still scratching your head? I don’t blame you.

Related posts:

1. Two days later – our homes are at risk
2. Accused Of Stealing 120 Million From Landsbanki, Makes a 148 Million Claim Against The Bank
3. Why do we have price-indexation?
4. In the ruins
5. Icelanders’ Sense Of Debt