, Thanks for the clrification. If the house price go down further, not only do not you get your full interest, but also you lose principal. Of couse, if the price is up, you may get your principal back. SO, tell me, if you are the creditor, do you want to do this for 7%?
That is exactly what mean
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I will lend him money if he offers 10% haha
-miat42-
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06/26/2008 postreply
08:18:37
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10%
-Wisdom101-
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06/26/2008 postreply
08:39:48
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10% is too low if your expected hyperinflation does happen.
-stap-
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06/26/2008 postreply
09:02:36
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Very logical because the loan term is only for ONE YEAR
-miat42-
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06/26/2008 postreply
09:06:30
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You have no idea what hypeinflation can do in just 6 months-
-stap-
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06/26/2008 postreply
09:35:02
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how about hyper inflation to wipe out leveraged debts? :)
-山高月小-
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06/26/2008 postreply
09:40:42