sydney property valuations Is you know you can constantly borrow against your house and that’s what keep sydney property valuations .
The system alive too yeah is the inflationary state of people constantly you know getting into more.
- Mortgaging on their house you know they’re just squeezing the loan to values like right up there you know keeping any value left to what their mortgages and it is going on you know.
- Vacations just doing whatever they want with it and are we are we seeing a lot of the banking kind of COD climate and debt obligation so what’s happening here and of course .
- We don’t have the exact numbers it’s very hard to find how much money has been collateralize so all this of course now we know that there’s mass amounts of derivatives getting issued every.
Day so most likely a lot of these loans out there on these houses and you know in England and Norway.
- Wherever it is and of course here in Australia that we’re talking about they might have been collateralize where they’d just been packaged into .
- A package and then sold off to somebody else that holds it so a few good deals mixed in with a .
- whole bunch of bad databases yeah what they’ve done the old scheme is ofcourse day you know Critter.
whoever’s the top tier the few good mortgages looks like a triple-a investment and then of course they get them to sell them to all these pension funds.
because pension funds has a not only invested high rated x rated investment so what they do is they you know push this right now all this cross basically laying around underneath in this quad