- Joined
- 21 June 2009
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- 14
You've got buckleys and none of getting a bank to lend you $300k to buy shares with IMO this is where tech is wrong too - there are very few bank lenders who will lend small businesses money without property to back it up - I've tried, albeit not very hard, but they all want with houses or commercial property to secure the loan.
Australian financial system is VERY focussed on housing and if the bubble does burst or even deflate a little (5-10%), I reckon there'll be some nervous CEOs around - see CBA is doing a global fly around trying to shore up support from international lenders.
Hahahhahahhahaa *gasp* hahahahhahhahahha a ahahaha aahhahahaa *gag* hahahahhahaaa aahahaaa
Post of the century right there !!
Good old fashioned PROPERTY eh ??? Makes me want to go and buy more after that scintillating insight into how banks work. LOLOLOL