When those overseas investors sell their properties at a loss, someone else will take out a new loan to buy those properties. Making a loss is the risk you take when you invest. Meanwhile the banks business continues.
I thought the interviewer was a bit rude in the way he scoffed at pretty much all the people he interviewed. During the gfc Spain, Ireland and USA had unemployment between 10-20%. There's a number of reason why property prices crashed in each case. Just having expensive houses is not a reason for crashing.
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Last
$38.95 |
Change
0.000(0.00%) |
Mkt cap ! $119.9B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 13542 | $41.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.15 | 382 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 13542 | 41.670 |
1 | 3493 | 40.900 |
7 | 17578 | 40.890 |
3 | 3517 | 40.850 |
1 | 6 | 40.790 |
Price($) | Vol. | No. |
---|---|---|
37.000 | 635 | 2 |
37.010 | 4423 | 4 |
37.240 | 2038 | 2 |
37.290 | 723 | 1 |
37.340 | 109 | 1 |
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