Quote:
Originally Posted by Bob
Oh boy, another bleak day capping off a terrible week.
I heard a report from Russia saying their banks are going to unilaterally rewrite mortgage conditions to force people to pay off their debt sooner, if they can't do so voluntarily, so as to avoid the fallout when the Moscow real-estate market crashes.
Edit: Here it is: http://www.cnbc.com/id/27114009/site/14081545 |
Interesting, sounds like they may have just started the Moscow Real Estate Crash.