They said they “don’t think USA is dealing with 20%+ interest rates like Russia is,” emphasis mine.
(Russian mortgage rates are around 30% for general population and 3 to 6% for “IT workers, families with young children and buyers in Russia's far east” eligible for state-subsidised mortgages, which comprise “70% of all mortgage loans” [1].)
> 85square apartment costs around 100k$, it's not a problem
That’s 7x average salary [2]. The equivalent in America is $440k [3]. That’s $1,300/sq ft, comparable to New York City [4].
[1] https://www.reuters.com/markets/europe/imminent-russian-rate...
[2] https://www.timechamp.io/blogs/the-average-salary-in-russia-...
[3] https://www.ssa.gov/oact/cola/AWI.html
[4] https://www.silive.com/data/2024/12/nyc-has-most-expensive-h...