PPRuNe Forums - View Single Post - HKD decoupling and effects
View Single Post
Old 1st Oct 2011, 06:07
  #7 (permalink)  
ASH1111
 
Join Date: Jun 2007
Location: HKG
Posts: 140
Likes: 0
Received 0 Likes on 0 Posts
What will happen to those with mortgages? If you bought a house for say 20mil HKD in todays money, what happens now? Do you now instantly owe 30% more on your house if say the HKD now goes to 4:1? Does everything get revalued? Am I understanding this correctly?
ASH1111 is offline