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11,223 Posts.
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02/02/09
15:07
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Negative equity is only a paper concept used by those who dont own property to justify past inaction.
LOL
So a bank will not be concerned if the value of the $1mil property you have a $900K loan against drops to $600K
YEAH RIGHT
I mean it certainly has not created any problmes for Centro this only on paper fall in property values.
It is amazing how you guys sit there and gloat and brag about unrealised fortunes you have made out of property
yet when values fall it all of a sudden becomes. OH that does not count, it is only on paper.
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