Jan 1 2012, 01:49 AM
QUOTE(scng @ Dec 30 2011, 10:54 PM)
This indeed happened in Malaysia too back in 1997. Back then where those that do not have holding power, they just sell the house where the buyer do not have to foot any money and they just need to continue serve the remaining loan only. All the buyer need to do is just sign the S&P.
Not sure if such thing will repeat where now Europe is having bad debt crisis and US is having the possibility of slipping back into recession.
Next year many houses will be ready. If at that time market do not have enough buyer....God bless those property speculator..
This is scary but really hope it won't happen again or soon..Not sure if such thing will repeat where now Europe is having bad debt crisis and US is having the possibility of slipping back into recession.
Next year many houses will be ready. If at that time market do not have enough buyer....God bless those property speculator..
Quote
0.0203sec
0.45
7 queries
GZIP Disabled