Doesn't matter

来源: Wisdom101 于 2008-06-26 07:21:54 [] [旧帖] [给我悄悄话] 阅读数 : (260 bytes)
回答: 7% is too low for Peer to Peer Lending 由 Wisdom101 于 2008-06-26 05:58:23

Did you see he or she offer propety as the collateral, it is more like a non-recourse loan. In other words, if the property worth nothing, you can't go after his or her personal assets. So, no mattter how high the FICO, you are powerless is he or she default!

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• So you are saying if the property goes default, the creditor -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (119 bytes) () 06/26/2008 postreply 07:27:01

• Come on, they are all rich role-models here. -stap- ♂ 给 stap 发送悄悄话 (2 bytes) () 06/26/2008 postreply 07:32:46

• :) Aristotle Onassasis once said -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (256 bytes) () 06/26/2008 postreply 08:13:13

• Of course, if you can owe a bank $100 million, you -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (254 bytes) () 06/26/2008 postreply 08:28:38

• So you imply theguy is a loser? :) -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (0 bytes) () 06/26/2008 postreply 08:31:31

• Can you comprehend? I've already explained very clearly -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 06/26/2008 postreply 08:35:47

• Can you deduct the conclusion? obviously bank isnt willing -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (194 bytes) () 06/26/2008 postreply 08:43:35

• That's why I said all your knowledge is book knowledge -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (682 bytes) () 06/26/2008 postreply 08:58:46

• If Fannie Mae think 4 houses is too much, why wouldnt private In -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (452 bytes) () 06/26/2008 postreply 09:06:40

• In a non-recourse loan, borrower's own credit standing -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (793 bytes) () 06/26/2008 postreply 09:15:52

• Now you are so ignorant. Non-resourse loan is based -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (469 bytes) () 06/26/2008 postreply 09:30:03

• You don't know what you are talking about, totally confused -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (34 bytes) () 06/26/2008 postreply 09:33:33

• You don't seem to understand the concept of financing -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (359 bytes) () 06/26/2008 postreply 07:36:36

• Educate public, if the house drops the value, do I get my -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (329 bytes) () 06/26/2008 postreply 08:07:37

• Let me explain to you more about real life financing -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (829 bytes) () 06/26/2008 postreply 08:17:07

• :) at 10% do you think he can make a business out from it? -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (477 bytes) () 06/26/2008 postreply 08:26:16

• By the way, I am not saying he will be default. -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (272 bytes) () 06/26/2008 postreply 08:39:28

• In a matured legal society, the trust is bound by contract -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (238 bytes) () 06/26/2008 postreply 09:10:00

• Ha.. you have never done business deal. :):) -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (17 bytes) () 06/26/2008 postreply 09:34:04

• That is exactly what mean -Wisdom101- ♂ 给 Wisdom101 发送悄悄话 (271 bytes) () 06/26/2008 postreply 08:16:28

• I will lend him money if he offers 10% haha -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 06/26/2008 postreply 08:18:37

• 10% -Wisdom101- ♂ 给 Wisdom101 发送悄悄话 (116 bytes) () 06/26/2008 postreply 08:39:48

• 10% is too low if your expected hyperinflation does happen. -stap- ♂ 给 stap 发送悄悄话 (18 bytes) () 06/26/2008 postreply 09:02:36

• Very logical because the loan term is only for ONE YEAR -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (0 bytes) () 06/26/2008 postreply 09:06:30

• You have no idea what hypeinflation can do in just 6 months- -stap- ♂ 给 stap 发送悄悄话 (29 bytes) () 06/26/2008 postreply 09:35:02

• how about hyper inflation to wipe out leveraged debts? :) -山高月小- ♂ 给 山高月小 发送悄悄话 山高月小 的博客首页 (0 bytes) () 06/26/2008 postreply 09:40:42

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