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  • fuckedgaijin ‹ General ‹ F*cked News

Japan sub-prime mortgage crisis

Odd news from Japan and all things Japanese around the world.
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Japan sub-prime mortgage crisis

Postby Taro Toporific » Sun Jun 28, 2009 7:44 pm

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Postby Coligny » Sun Jun 28, 2009 10:15 pm

I thought the US problem was more based on the fact that those mortgage haz the always-up value of the house as collateral. Creating a self feeding downward spiral when people were defaulting-trying to sell-lowering property value...

Since in Japan houses are disposable and only the land keep a somewhat steady value I don't see how the problem can be as big.

But then again, I choozed to be communist because I dramatically failed economy 101 from kindergarden to university, and I still quite suck at anything involving money... (but my last cat was free from the parking, so in a country were they cost between 10man and 25man I was kinda sorta feeling like the king of wallstreet... (and is a very good cat also...))
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Postby Coligny » Sun Jun 28, 2009 10:16 pm

On a side note, so in 6 month it will be the good time to start playing some war profiteering ?
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Postby nottu » Mon Jun 29, 2009 12:27 am

Last edited by nottu on Thu Oct 02, 2014 10:18 am, edited 1 time in total.
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Postby baka tono » Mon Jun 29, 2009 9:53 pm

On the bright side tent sales are up as the newly homeless move from condos to Colemans.
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