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Showing results for tags 'easy money'.
When cheap, easy money, flows freely, a liquidity crisis soon follows. Debt bubbles bursting is nothing new. The latest wheeze with car leasing, 'is a good plan that can be expanded Stan'. The reports of ninjas obtaining new vehicles struck me as 'silly season' MSM reports. But it is all real.....the reason being that these plans are not loans. If they were, then loans could only be offered after checks as to the borrowers suitability to repay. It is the equivalent of a non returnable advance rental/deposit being paid, followed by a monthly rental, with the option to exercise a 'right to buy' option at the end of the rental period. All fine 'n dandy if the liquidity don't evaporate.https://www.moneyadviceservice.org.uk/en/articles/leasing-a-car Just imagine what could happen if this brilliant wheeze is utilised in the housing market. BLT sharks will be in like fleas on dogs..._