bankruptcy Tag

Posted On February 27, 2017By HoudiniIn Articles

Housing loans are not always productive debt

IT is better to invest in property than buy a car, which depreciates in value. One should also spend within one’s means. What’s often unsaid in these old adages is that one should only borrow what one can comfortably repay, even when it comes to “productive debt” for an appreciating asset. Defaults on housing loans, for instance, were the top cause of bankruptcies in Malaysia in 2012. The 5,341 cases made up 27.3% of the total of 19,575 bankruptcy cases that year, which means 15 people were going bankrupt everyRead More