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A comment on Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods. Parent comment

Re:Apple Not Able to Open Stores in India Without Selling 30... by sokoloff on Wednesday May 25, 2016 @06:53PM (#11773816)
> interesting statistic - 85% of student loans in India is under water ( compared to 50% in america )

What does "loan under water" mean in this context? In a collateralized loan context (car or house), "under water" means that the borrower owes more than the market value of the collateral.

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Re:Apple Not Able to Open Stores in India Without Selling 30... by wrong_variable on Wednesday May 25, 2016 @07:29PM (#11774000)
Essentially for some reason or other the loans are not being repaid - and mostly likely wont be repaid due to high unemployment among the people who took the loan.
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Re:Apple Not Able to Open Stores in India Without Selling 30... by morgante on Wednesday May 25, 2016 @07:10PM (#11773906)
I suspect that the GP simply meant that 85% of Indian loans are past due.

Rhetorically, you could consider them as being underwater if the asset purchased (human capital) isn't providing sufficient value (income) to service the loan.

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Re:Apple Not Able to Open Stores in India Without Selling 30... by maskedinvader on Wednesday May 25, 2016 @07:11PM (#11773913)
think he means student loans with collateral not doing well due to variety of reasons defined here [1] and I think you are thinking about underwater mortgages as defined here [2] 1. http://goo.gl/21TmQm 2. http://goo.gl/UVNIFr
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