Negative equity on the rise

[Ausprop]

Perhaps.

But how does it sell for $10m in the first place? Because one bank suddenly decides to extend $10m credit for it?

it is interesting. I have personally ramped up a market once, I can't go into too much detail on here but it was surprisingly easy to ratchet it up. It's an incremental process that can happen pretty quickly

 

[Aaron_C]

it is interesting. I have personally ramped up a market once, I can't go into too much detail on here but it was surprisingly easy to ratchet it up. It's an incremental process that can happen pretty quickly

Well lucky for you there is no law of insider trading or market manipulation for residential properties!

 

[Ausprop]

short answer, no.

if people want their own facts, they can DTOR.

i wont give up my contacts to make a point on a forum.

I actually don't understand your reply but whatever it is sounds interesting - chat soon!

 

[Ausprop]

Well lucky for you there is no law of insider trading or market manipulation for residential properties!

ha ha. true. unfortunately some of the guys have been put away, not directly for that process because there is nothing illegal in that, but it's all the same kettle of fish

 

[Aaron Sice]

I call double bull ****. I have been inderictly involved in approx 1000 valuations and all I can say is i reckon its down to the valuer opinion only. Nothing more nothing less. If bank doesn't believe in market they drop lvr's full stop.

good for you.

 

[Aaron Sice]

I actually don't understand your reply but whatever it is sounds interesting - chat soon!

always happy to chat in person.