You are right: If the house market goes south, and the sale pric

来源: plder 于 2013-10-26 18:19:50 [] [博客] [旧帖] [给我悄悄话] 阅读数 : 0 (290 bytes)

 lower than the construction cost (+15%), B's bank will come in to forclosue the house, unless mortgate will be paid by other sources.

We will not hold the properties and think that the house maket would keep the current trend in the next 2-3 years.
 

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