Monday, April 19, 2010

Subprime mortgages in NZ


Overheard from a very popular Auckland talk radio station this morning during an ad break, "... little or no down payment mortgages!... no down payment for those under $300,000!" Yeah, in America those're called "Subprime Mortgages", it actually precipitated a Subprime Mortgage Crisis :D

So it begins, party time in New Zealand!!!

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