The more valuable asset that is appreciating in value can borrow more at a more favorableinterestrate than the less valuable asset that is falling in value.
Following the expiration of a statutory period, unpaid tax liens are typically sold at public auction where interested bidders seek to acquire the lien at a favorableinterestrate that the delinquent homeowner will pay upon redemption.
"The high liquidity and favorable interest-rate environment remain supportive of home-buying demand, " said Colliers International property analyst Chia Siew Chuin.
They - just like Mr. Weller said, they're really getting into a lot of different types of loans to make the cost of money, i.e. interestrate, more favorable for them on the entering into the market.