…is seventeen percent.

That would mean that if you have a price-indexed home loan at 20 million ISK last year, then it would now be 23.4 million ISK.

So remind us again why haven’t other countries seen the beauty of the price-indexed loans?

It was revealed the other day that Geir Haarde is one of few members of parliament who own their house outright. So he doesn’t have to worry. Which is good for him.

Related posts:

1. Why do we have price-indexation?
2. Loans of the Icelanders
3. Heartbreaking
4. Inflation At 16%
5. Prisoners options