And we said it has these assets.

You often hear equity in the context of a house.

And then I look at everything else, and I'm like, boy, can unload any of these assets overnight?

And that caused housing prices to go up.

The mortgage...

Well, more money wanted to invest in people's mortgages.

They just couldn't get up to 15,000 in savings.

So its assets.

Or they might even start to buy things that aren't Treasuries.

Residential Area

Home Address

I'll do that in yellow.

Well equity is nothing but, if I have an asset that's worth 1.5 million, and I owe 750,000 that was my original mortgage on that asset then what I'm left with is the equity.

It's 101,000, 111,000, 116,000.

That assets, A for assets, is equal to

why.

We will be developing prefab houses.

Now you've been casing that family's house for months...

Home Address City

Home Address Country

Home Address Label

I've essentially become the lender to the home owner, and so the home owner's morgage payment will now come to me the Investment Bank .

Malibu Equity and Investments.

Most of the loans we're familiar with in our personal

And of course the investors would care that the money that they're essentially giving because they're giving money to the investment bankers who are giving money to

You're talking about 0.5 per month.

I'm thinking about people's jobs, about their mortgages and pensions and their college funds for their kids.

And they designed it from the perspective of customers like Jane herself, insisting on responsibility and accountability.

And what I wrote here is, it has 4 billion of liabilities.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

So right here are a whole bunch of people's mortgages.

He built houses.

Old block of flats. ...caused by a faulty gas main.

If you look at the major categories they have food and beverages, housing

You'd have to give up 93 of your net worth.

Home Address Street

You know, Chelsea West.

Preferred, then Home Address

I don't want to draw this box.

And rich, eh?

Or you could view that as that is my equity.

So then even more money flowed in.

Remember liabilities plus equities are equal to assets.

But they would say, housing has never housing has done nothing but gone up, and I will build equity just from housing appreciation.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.