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A comment on Evergrande has defaulted on its debt, Fitch Ratings says. Parent comment

Re:Evergrande has defaulted on its debt, Fitch Ratings says by AussieWog93 on Thursday December 09, 2021 @08:54AM (#29497310)
Honestly shocked to see Australia and Canada at 97th and 98th on that list, as well as New Zealand at 94th.

I thought we all had it really bad. Apparently not.

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Re:Evergrande has defaulted on its debt, Fitch Ratings says by nostrebored on Thursday December 09, 2021 @09:21AM (#29497595)
So part of what makes it feel bad is the difference in loan structures. People do not have to pay 50% down in most of the US.
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Re:Evergrande has defaulted on its debt, Fitch Ratings says by AussieWog93 on Thursday December 09, 2021 @09:34AM (#29497737)
Where do people pay 50% down on a loan? In Australia, it used to be 20% but now can be as low as 5-10% if you pay an additional fee.
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Re:Evergrande has defaulted on its debt, Fitch Ratings says by nostrebored on Thursday December 09, 2021 @09:43AM (#29497834)
Maybe it was just as an foreign resident my obligations were different, but I only looked into it briefly
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