/biz/ - Business & Finance

Is converting to USD coin or some other stable the same as “selling?”

Yes. Correcting upwards.

In the end this all comes down to credit. What can a person borrow? The answer is much less than in the past few years. Meaning their is no physical way for people to pay the prices they had, and prices therefore must come down when property owners are forced to sell due to moving, deceased estates, debts or divorce. See: https://www.sMH.com.au/money/borrowing/one-in-five-people-with-a-mortgage-wouldn-t-qualify-today-broker-warns-20180719-p4zscl.html

All these new buyers on Interest Only loans will rollover in 2019/2020/2021, and almost all of them will have made a loss in Syd/Melb, so they'll be in negative equity, and they'll be required to increase repayments by around 40% when going from IO to I+P, on a depreciating asset in a falling market, and lose hundreds of thousands - or they'll sell the property to stop the losses, and they'll be forced to come up with the hundreds of thousands difference between the principle mortgage value (that they didn't pay off) and the sale price of the property. https://www.rba.gov.au/speeches/2018/images/sp-ag-2018-04-24-graph4.gif

https://www.youtube.com/watch?v=iwV9bwIkWqw The consequences of the combination of forced sales and IO rollovers who can't afford I+P selling at the same time are outlined here. Notable fact Off-The-Plan buyers who paid years ago for a property worth $X will have the property revalued at settlement by their bank, and the bank will value it lower than when they bought it years ago, and the buyer will need to scrape together the difference between what they purchased for and what the property is now valued at. Basically off the plan buyers are going to be in debt at the time of settlement and most won'y have access to the money to make up the difference - and will have to buy into negative equity, or sell and make a loss before they even got to use the property.

>>11695970
https://www.youtube.com/watch?v=fiCXsu_4BoA

>>11561314
Once the price of CL becomes prohibitive for business to benefit from using it, you have no more demand, just retarded investors shuffling to each other the same unused asset

What price point do you think CL can reach before it's cost ineffective?

>>3528967
wtf is a burn?

t. coinnoob