Banks 'force' multiple property investors to sell

Discussion in 'Property Market Economics' started by Waterboy, 16th Jun, 2020.

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  1. Waterboy

    Waterboy Well-Known Member

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    Waterboy, 16th Jun, 2020
    #1
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  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    well, thats prudential if its correctly targetted and implemented

    We do this more than once a week

    2 steps back - surviveability, vs 10 steps back

    Hard convo to have. like the one about personal risk insurance.

    ta

    rolf
     
    Rolf Latham, 16th Jun, 2020
    #2
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  3. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    You neglected to link this to the part of the article which indicates they're having this discussion with the people who are in financial stress and have asked for loan deferrals. Nothing to suggest that the primary criteria for this conversation is the ownership of multiple properties.

    The article also indicates that investment loans are performing better than owner occupier loans.
     
    Peter_Tersteeg, 16th Jun, 2020
    #3
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  4. Joynz

    Joynz Well-Known Member

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    Your thread title seems somewhat misleading!

    Have you read the article or just the title?
     
    Joynz, 16th Jun, 2020
    #4
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  5. Lindsay_W

    Lindsay_W Well-Known Member

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    Hardly being forced... just makes financial sense imo
     
    Lindsay_W, 16th Jun, 2020
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  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Its true, but counter intuitive

    youd think folks would do a LOT more to protect the roof over their heads of their families.

    but most investors are better resourced than many PPOR borrowers

    ta
    rolf
     
    Rolf Latham, 16th Jun, 2020
    #6
  7. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Agreed Rolf, I think serious property investors have more risk management strategies, more cash flow buffers in place. It's not uncommon to encounter investors with $50k or a lot more in an offset account doing nothing. Many home owners are often only a pay packet or two away from trouble.
     
    Peter_Tersteeg, 17th Jun, 2020
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  8. albanga

    albanga Well-Known Member

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    And misleading title of the year awards goes to....

    Are you a journalist by any chance? :p
     
    albanga, 17th Jun, 2020
    #8
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  9. Waterboy

    Waterboy Well-Known Member

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    [​IMG]
     
    Waterboy, 17th Jun, 2020
    #9
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