It's a good ideaif you can repossess a house for non-payment if the house is worth more that what you lent.
If it isn't (like is happening in America), then you realise that your sub-prime policy was actually quite a stupid idea.
(If it isn't (like is happening in America), then you realise that your sub-prime policy was actually quite a stupid idea.
wheelybird mreee!,
Mon 17 Sep 2007, 13:31,
archived)
Surelylending someone loads of money, knowing full well that they can't repay it, purely so you can take their house is an evil idea not a good one.
(
Afinkawan Yes I can hear you Clem Fandango,
Mon 17 Sep 2007, 13:33,
archived)
Indeed.But then the whole area of housing seems to attract the scum of the earth; estate agents, banks and so on. All renowned for being as unpleasant as you can get without being psychopathic.
( wheelybird mreee!,
Mon 17 Sep 2007, 13:35,
archived)