G
Genome
- Jan 1, 1970
- 0
Q: How much is your house worth?
A: As much as you can get for it.
Q: How much can you get for it?
A: As much as someone is prepared to pay for it.
Q: How much can they pay for it?
A: As much as someone will lend them.
Q: How much will they lend?
A: We have various products to suit our clients.
Q: Pardon?
A: We are regulated by the appropriate authorities.
Q: What happens when it goes tits up?
A: Your house is at risk if......
Q: No, what happens when it really goes tits up?
A: The government bales us out
Q: And?
A: What?
Q: And....?
A: Oh, we make more money.
Q: How?
A: You really don't understand economics do you.
Look, it's quite simple. A house is really worth £7500 but lending someone
£7500 over a period of X years at a general amortized rate of Z adjusted for
Q with the N of the P on the original amount over the period of the loan and
factoring in other factors only generates.... err, it's a hard sum. However
it works out that things are not viable if the house is only worth £7,500.
Once we have factored in all the factorizables the house has to be worth
£250,000 for things to work. So now we are in a position to lend someone
£400,000 for a house that was worth £7,500 and that has to be its true
value, £400,000 that is. It simply doesn't make sense otherwise. Quite
simple if you care to think about it. Do you like my new suit?
DNA
A: As much as you can get for it.
Q: How much can you get for it?
A: As much as someone is prepared to pay for it.
Q: How much can they pay for it?
A: As much as someone will lend them.
Q: How much will they lend?
A: We have various products to suit our clients.
Q: Pardon?
A: We are regulated by the appropriate authorities.
Q: What happens when it goes tits up?
A: Your house is at risk if......
Q: No, what happens when it really goes tits up?
A: The government bales us out
Q: And?
A: What?
Q: And....?
A: Oh, we make more money.
Q: How?
A: You really don't understand economics do you.
Look, it's quite simple. A house is really worth £7500 but lending someone
£7500 over a period of X years at a general amortized rate of Z adjusted for
Q with the N of the P on the original amount over the period of the loan and
factoring in other factors only generates.... err, it's a hard sum. However
it works out that things are not viable if the house is only worth £7,500.
Once we have factored in all the factorizables the house has to be worth
£250,000 for things to work. So now we are in a position to lend someone
£400,000 for a house that was worth £7,500 and that has to be its true
value, £400,000 that is. It simply doesn't make sense otherwise. Quite
simple if you care to think about it. Do you like my new suit?
DNA