Comment by john-h-k
1 day ago
Banks? Banks don’t buy up houses, banks are what helps individuals buy houses. Again this just sounds like someone who recently watched the big short
1 day ago
Banks? Banks don’t buy up houses, banks are what helps individuals buy houses. Again this just sounds like someone who recently watched the big short
They together with property agency, owner, investors dont want to trigger re-evaluation because it hurts their LTV ( Loan-to-Value ). Which for a set percentage is defined by law along with adequate cash reserve. It is also what causes HSBC to buy its subsidiary HSB. And Bombcar above has already replied. It is rather obvious not something to do with big short but not understand how the financial world of property market works.