The banks have tighten the money supply recently escpecially to those who want to apply loan for micky mouse apartment.
The bank deem these micky mouse apartment as risky asset; it will be hit hard during economy downturn as most of these apartments are for investment. Their value will drop sharply and bank may request for margin call.
A sign of coming trouble in the place where it hurts the most i.e. home
ReplyDeleteThe banks have tighten the money supply recently escpecially to those who want to apply loan for micky mouse apartment.
ReplyDeleteThe bank deem these micky mouse apartment as risky asset; it will be hit hard during economy downturn as most of these apartments are for investment. Their value will drop sharply and bank may request for margin call.
RayNg