Pure insanity and the world is indeed losing its mind now. We are now entering the era with negative interest mortgage, i.e. the bank will pay you to borrow their money to buy a house! I don't know how long this insanity can continue before a total collapse knocks on our door. Here it is, per the U.K. newspaper The Guardian:
"A Danish bank has launched the world's first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year... Jyske Bank, Denmark's third largest, has begun offering borrowers a 10-year deal at -0.5%, while another Danish bank, Nordea, says it will begin offering 20-year fixed-rate deals at 0% and a 30-year mortgage at 0.5%.
Under its negative mortgage, Jyske said borrowers will make a monthly repayment as usual – but the amount still outstanding will be reduced each month by more than the borrower has paid."
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