Mortgage
is a safe investment?
----------------------------------------
So far, they're talking about banks; they only mentioned "mortgages".
This meant that banks had concentrated their investment in only one sectors.
-> Heavily invested in a sector is risky.
Banks should have spread their investment in many sectors, thus a sector failed
or corrected; this wouldn't bring down their bank.
Mortgages are supposed to be safe as it is backed up by a house or property.
-> However, housing market did collapse during 2008 crisis in USA.
-> In Canada, housing market is in real bubble states as Canadian incomes
didn't catch up with prices increased. Foreigners from China and India have
tipped the balance.
* In economy point of view, housing prices should be reasonable, thus residents
would have extra money to pump in local economy. In the current situation, many
families have stretched their budgets to buy a house.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Jews and chaos creators are upset, because banks are about to spread their
investment in many sectors.
They said that "banks" can't fail, i.e. no more chaos to pick up
cheap investment.
No comments:
Post a Comment