Friday, Sep 21, 2007
Is there no limit to the miracle?
CNN Money: UPDATE: Brokerage Firms Make Some Hay From Credit Woes
Those clever banks are at it again. The value of the money you owe is lower as your credit worthiness drops, hence, when marked to market you owe less, and if you owe less, you make a gain. Brilliant - so the UK BTL investor can take the same approach. They will make gains, even as their grotty flats fall in price. Three cheers for accountancy.
Posted by optobear @ 04:50 PM (154 views) Add Comment
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