Quote:
Originally Posted by nik-
If I had #### you money I'd have a part time place in Vancouver. Was there this weekend and it's just a great place to hang out. However, actually making a go of it working out there? I just don't see how one does it. Where is all the money to fill those condos and those restaurants coming from?
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Banks, they're just as ignorant of history as the people asking for the money.
I just remortgaged, asked for an extra two hundred grand for unnamed renovations, which was bull**** actually, I'm hoping to buy out the leasehold on my dads apartment in London, now granted I've got around 1.1 mill in equity right now so the market would need to lose 60 or 70 percent for the money to be at risk but they didn't even ask me what it was for, they could care less, want to buy a Porsche go ahead, hookers and blow in Vegas, fill your boots, you own a house, their only real question was did I need the money right away or could it wait a few weeks, In the process they essentially pre approved me for up to a million in the future, which is absurd but they think it's a never ending elevator to riches just as much as the buyers.