A fundamental insight about finance: Suppose the bank has $250k and you want to buy a house costing that. The bank, by convincing you to take out a mortgage, ends the day *materially* better off than it started, because your promise to repay is worth *a lot* more than $250k.
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But the interest nowadays it like <1%, and in Germany banks give mortgage loans to everyone with a pulse (not as bad as the US 2007 but still) - so how does 1% cover the risk? Oh right, the banks then get bailed out by the taxpayers, so there is zero risk for them..
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