I had not heard the financial term before a few monthss ago, Chuck Segal an American Correspondent explains,
it is NINJA attack on the financial markets. Some lenders in the homeland have lent money to people to purchase property. Quite a few are Ninjas. That is borrowers with profiles with No Income, No Job or Assets.
Sounds like a great market place, I bet there is a mass of potential prospects waiting to get on the ever increasing housing market, maybe it is time to wait for the 30% property fall before buying.
Well the rest is history, and I guess I’m to late to get out of the market.
No comments:
Post a Comment