tag:blogger.com,1999:blog-37045477.post7572886717274813482..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: Nong Chik Should Learn "Subprime" Before DebateUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37045477.post-2788466648680133872012-02-18T18:48:30.076+08:002012-02-18T18:48:30.076+08:00wickedwickedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-86045502638693029602012-02-09T08:06:54.347+08:002012-02-09T08:06:54.347+08:00Well, now it appears the whole thing is really onl...Well, now it appears the whole thing is really only a rental scheme - its lease-to-own strictly but in reality it will look like a rental property - low cost rental which has consistent track record of deterioration. Few will end up owning the property in the end and hence no equity either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-68380808192181521722012-02-08T18:30:48.176+08:002012-02-08T18:30:48.176+08:00Perhaps the Minister should learn from the recent ...Perhaps the Minister should learn from the recent Global Financial Crisis 2008 that struck USA (later spread to the rest of the world) as a result of sub-prime lending for housing purposes. Businesses has had enough due to the financial crisis, what more EPF contributors whose funds are at stake.<br /><br />Who wants to take the risk of lending to unqualified borrowers?Biopolymathhttps://www.blogger.com/profile/15391170134540627193noreply@blogger.comtag:blogger.com,1999:blog-37045477.post-31671508475923107972012-02-08T14:38:04.594+08:002012-02-08T14:38:04.594+08:00This shows why no UMNO/BN minister are not qualifi...This shows why no UMNO/BN minister are not qualified even though on paper they appear fine.<br /><br />You are correct of course. Simply having more equity in a mortgage does not make it non-sub prime. Those without financial expertise don't understand why - why would anyone who has positive equity default on their loan? The fact is it happens all the time. Having more equity does not mean repayment any better, its the income of the owner that matters. Having more equity just mean foreclosure can take a longer time. Default will still happen as predicted.Anonymousnoreply@blogger.com