Well let's take a look at reality here. Bankers and salesmen and developers don't care about educating you, they only want to make a fat profit, and property buyers give them their supply of fat profits. Each time a property changes hands, we see at least 10-15% of the property value goes into administrative costs, and another 100% in interest payment over the next 20 years.

If it's me also I want to keep you dumb la.

They only care that you can repay the loan. Banks don't want to hold property, but they will have to if it means taking back their capital. Banks will do anything to make a profit, they were not in investment business but now they have investment banking, they were not in insurance business, but now they have bank assurance.

If this month everyone defaults on their loan payment, the next month there will be a property management arm formed in the banks.