Author: senoritazhao

Why do Chinese have so much of their wealth tied up in housing? [Copy link] 中文

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Post time 2017-4-15 22:22:42 |Display all floors
dostoevskydr Post time: 2017-4-15 21:12
"How about lending money to a mortgage seeker and taking someone else's property as corollary?".

...

Well, the banks should follow strict protocols, not bend rules. I amn privy to a case in which one person got a mortgage thanks to the salary another person received. That is to say, the other person sought a mortgage but was denied it, yet that person's salary was deemed sufficient for the other person to be offered the mortgage. One person rece3ived it, another person repays it.

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Post time 2017-4-15 22:40:24 |Display all floors
seneca Post time: 2017-4-15 22:22
Well, the banks should follow strict protocols, not bend rules. I amn privy to a case in which one ...

Once again, nothing is wrong with Finance against 3rd Party Collateral.
In lending agreements, collateral is a borrower'/guarantor's pledge of specific property to a lender, to secure repayment of a loan.
It is NOT illegal, and it is NOT unethical or immoral.

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Post time 2017-4-16 01:46:12 |Display all floors
seneca Post time: 2017-4-14 13:08
But your princelings and fat cats do. They have laundered their lucre through the banks to a for ...

Hi, old pal. Seems you are bold enough to mention the unmentionables
Refreshed.

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Post time 2017-4-16 01:54:54 |Display all floors
Since the Bretton Woods crumbled, the world keep propelling the world economy by way of inflation, at least we don't see an end to it.

In the case of China, the previlege to low interest loans has been the previlege to fortune.
When the mass know this, how will the game change will be a top issue.
Refreshed.

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Post time 2017-4-16 09:45:39 |Display all floors
dostoevskydr Post time: 2017-4-15 22:40
Once again, nothing is wrong with Finance against 3rd Party Collateral.
In lending agreemen ...



You fail to see my point, Dostoevskydr. What if the party to whom the bank declined to give a mortgage but whose income the bank assesses to provide a mortgage to the other party is a foreign national?

Is it kosher for a Chiense bank to give a Chinese person a mortgage based on the income of a foreigner? This is fudging the economic situation of the beneficiary. If the foreigner leaves, the Chinese is left behind to deal with the bank and to pay a ransom.

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Post time 2017-4-16 09:46:12 |Display all floors
cwdy Post time: 2017-4-16 01:46
Hi, old pal. Seems you are bold enough to mention the unmentionables

China has many princelings. No one has ever mentioned a single one's name in our Forum...

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