Jan 16 2014, 01:58 AM
QUOTE(InF.anime @ Jan 16 2014, 12:51 AM)
Banks will let the bubble burst?
Imagine people now are buying at RM700-1000+/sqft.. all money are comes from banks. If price really floored, all buyers will default their loan. Bank will be the next to die after the property owners. That time Malaysia might need borrow from IMF like Korean last time and many banks need to restructure or merge lol. You think those bank will let this happen?
After the 2008 crisis. DUDE ANYTHING IS POSSIBLE. GULLIBLE.Imagine people now are buying at RM700-1000+/sqft.. all money are comes from banks. If price really floored, all buyers will default their loan. Bank will be the next to die after the property owners. That time Malaysia might need borrow from IMF like Korean last time and many banks need to restructure or merge lol. You think those bank will let this happen?
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