On: Iceland votes on whether to restart talks on joining EU

[bbarn]

Not sure how it would affect home mortgages but the majority of icelanders are on mortgage plans that the principal remaining rises with inflation(I forget the name, I left a few years ago) - and will never likely pay them off.

[solidr53 → bbarn]

Not quite true. The ratio fluctuates with the market conditions. Figure https://sedlabanki.is/library/?itemid=d2527537-11bc-4aca-944...

Verðtryggð loans are popular when economy is hard, people can enter the real estate market.

Once things go in the opposite direction people change to Óverðtryggð lán.