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> Why now.., ..is not the right time to buy property Serious Talk

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Sethmaster
post Sep 6 2011, 10:02 AM

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thanks to bijan and his 'smart' economic moves, the bubble is already about the burst.
I guarantee it will happen right after the next election, regardless of the winner
Sethmaster
post Sep 7 2011, 08:27 AM

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QUOTE(Deimos Tel`Arin @ Sep 7 2011, 08:18 AM)
ooo thanks.
so this means although bank cannot sell the house, but the ppl who kena bankrupted will lose ownership of this house right?
i.e. the house which is encumbrance free will be managed by the insolvency office to be sold for monies, the monies then distributed to the creditors etc?
*
Also if I remember correctly, any transfer of ownership of any properties or assets within a year or two prior to bankruptcy will be rendered invalid.
In street speak, you cannot just transfer everything to your family members just as you about to bankrupt.

Bankers really know how to extract monies, lol.

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