Mark Zuckerberg just refinanced his Palo
Alto home with a $5.95 million dollar loan
at 1.05%. No wonder the shit eating grin.
The cat didn't swallow the canary, he
swallowed a freaking flock of ducks!
And we are like right proud for Markie.
Were trying to get a lower finance rate on our home and the bank is like sure.
First nail your nuts to a tree stump and if if you survive the forest fire
while reading your refi contract in Mandarin, well then sign on the dotted line
and it's yours.
So what did Mark have to do to get this rate? Besides inventing a little app for
the FBI designed to track your every thought to see if their dumbing down the
population strategy is working? Nothing, he just had to be rich is all.
From the article:
But wealth experts say Zuckerberg’s loan – at just 1.05 percent – is symptomatic
of a new credit gap in America between the haves and have-nots. While the wealthy
are able to take advantage of record-low rates and home loans at between 1 percent
to 2 percent, many Americans are having trouble refinancing their homes at more
than 3 percent. Many other Americans can’t get loans at all, or are struggling to
pay double-digit interest rates for credit-card debt.
Experts and economists say the credit gap could, over time, make America’s high
level of financial inequality even higher.
“You run into a situation where people in the bottom 30 percent are dealing with
huge fees and fine print and the top has very straightforward loans with low rates,”
said Michael Norton, an associate professor of the Harvard Business School who
has studied inequality. “That can compound inequality. It would be gradual.
But it’s a real possibility.”