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  1. #71
    Join Date
    Jun 2004
    Posts
    9,771

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    Quote Originally Posted by Davo36 View Post
    Many, many loans were called in after the 87 crash. And payments were being made.

    And the banks sold the assets at very low prices, just enough to get their money out.

    But whether this will happen again is another thing.
    Note that the lender was exiting the market.
    Could happen with 2nd tier lenders now.

  2. #72
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,667

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    Quote Originally Posted by Wayne View Post
    Note that the lender was exiting the market.
    Could happen with 2nd tier lenders now.
    What do you mean? What lender? I thought they all pretty much called in loans?

  3. #73
    Join Date
    Jun 2004
    Posts
    9,771

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    Quote Originally Posted by Davo36 View Post
    What do you mean? What lender? I thought they all pretty much called in loans?
    I was replying to the words in that particular case highlighted.
    My loan in 1987 wasn't called in but then I was with a mainstream bank. Kept paying the mortgage and no one bothered with me.

  4. #74
    Join Date
    Jul 2017
    Posts
    115

    Default

    Quote Originally Posted by Wayne View Post
    My loan in 1987 wasn't called in but then I was with a mainstream bank. Kept paying the mortgage and no one bothered with me.
    Wayne,

    Can you recall what happened to property prices in Auckland in the 1990's?

    Here's an personal experience from Mary Holm
    Holm said she had a bit of money in shares but took it out ahead of the crash to buy a house in St Heliers only to find when she sold it two years later that property in blue chip suburbs had dropped by 30 per cent.
    Link -
    http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11933340



  5. #75

    Default

    Quote Originally Posted by eri View Post
    after living there longer than most of you

    i can tell you the biggest whingers over the term are not japanese

    the issue is that both the terms that the pc hate

    japs + nips

    are actually also abbreviations of longer names in typical slang fashion

    ie - japanese = japs

    nipponese (what they call themselves) = nips

    both were ww2 abbreviations unlike proper derogatory terms like krauts + squareheads, or frogs

    which can never argued to be abreviations

    obviously i don't use either nip or jap with my wife or children due to the derogatory nature they gathered during ww2 us

    but i never got upset when japanese people called me

    gaijin - outside person

    or

    hakujin - white person

    techincally correct but un-pc in some circles


    or other seemingly silly things like my "nose was too high", my head too small. legs too long

    look for commonality people

    not difference

    1 brings you together

    the other forces you apart

    htfu
    You forgot that white people are naturally evil.

    Everything they say, no matter if seemingly innocent, has a dark undertone that needs to be stamped out.

    On the other hand anything a person of colour says, no matter how offensive, is a natural expression of culture.


 

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