Often a polite form of insult, that little phrase nicely sums up the fact that often when it’s getting interesting, it’s getting hairy at the same time! Risk and reward arise out of interesting times.
In this case, we find ourselves in a credit flux which could well lead some people down the wrong path. Let’s take a stroll down memory lane.
NZ property owners have funded deals in all sorts of ways over the years. Trading banks got you going, often firstly with the involvement of the good old bank of mum and dad.