How in the fuck with all their money and knowledge did banks think that it would be wise to lend money to people at the peak after that massive run up? They had to have had the knowledge that it’s very possible to see 20% drop and therefore people with negative equity positions.
I’m steeling some of this for a TikTok.
How in the fuck with all their money and knowledge did banks think that it would be wise to lend money to people at the peak after that massive run up? They had to have had the knowledge that it’s very possible to see 20% drop and therefore people with negative equity positions.