Bankers say interest rates are finally back to normal with the rate hike signaled by Brussels. They’ve been below normal so far. While many people buy mortgages and buy houses thanks to this abnormality, the recently introduced normalization will make loans to buy a house an average of 250 euros more expensive, defaults will increase and evictions will increase. , even if they have to live under a bridge. We don’t know how many people will be subjected to this normalization process in the next few months, but we suspect there are quite a few.
I’ve always been wary of the term “normalization”, even when it comes to standardizing the size of mailing envelopes. I worked as a young man in an office where everything was going well. until corporate executives normalized, which meant molding us all. The greatest standardizer in human history was Procrustes, a man from Greek mythology who ran a boarding house whose beds were the same size as it was standardized. A customer who was taller than the bed would cut off his legs when he came. If the problem were the other way around, they would get tense even if they were dislodged. In other words, he normalized the height of the passengers, as it seemed anarchic to him to measure what each wanted. One of the phrases that best expresses the drive for normalization is “coffee for all”..
But my blood pressure is high.
– It gets annoying, we can’t walk with exceptions.
Some political parties have suggested to the Government to leave the mortgage loans intact to protect the weakest. But the minister of the branch came to answer, it would be to go out of the norm. From economic orthodoxy, In short, it is normal for long ones to cut their legs. and extend them to the short ones. In other words: standardize.