Quote Originally Posted by Cyclical View Post
I did pose the question to my bank manager a few months back...can I borrow some dough against the house to buy OCA shares? At that time they were about 80 cents...what a great return that would have been. Unfortunately they didn't like the concept despite us having plenty of equity in the house. Meanwhile they're more than happy to throw money at us to buy a rental... Still, I guess things were looking pretty scary for banks a few months ago.
Same thing happened to someone else I know who has $3-5 million in shares and wanted to borrow $100,000 against his house on OCA as well at 65 cents. The bank said no, as shares are not classed as reliable assets. In the bank’s defence it was right in middle of lockdown.