Averting a property bubble

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#61
If your loan is bigger than the value of the property, can't you just opt to not pay? What's there to lose as a cosumer short of your capital?
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#62
1. Lose of property
2. Face bankruptcy petition
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#63
(24-01-2013, 09:07 AM)egghead Wrote: 1. Lose of property
2. Face bankruptcy petition

To add-on

Foreclosure of a property mean "cheap sale", or in other words, less balance to offset the loan

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“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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