What is Sub Prime in lay man's term

[Einfield]

http://www.brasschecktv.com/page/187.html

 

[williamsF1]

subprime to me is simple = paying for what you can't afford
so, if owning anything is paid via maximum loan, then its a start of subprime liao.

example; sporn kena force to buy 4room HDB at 300k+/-, need to take up maximum loan+interest lumpsum may add up to 400 to 500k+/-

 

[masgnoeL]

Indeed, the video was done in 2007 and posted on youtube on Feb 2008.

 

[tonychat]

example; sporn kena force to buy 4room HDB at 300k+/-, need to take up maximum loan+interest lumpsum may add up to 400 to 500k+/-

Sg version of sub-prime or sub-vaseoline.