Sunday, Aug 10, 2008
Negative equity comes to New Zealand
New Zealand Herald: Coolapsing values hit tome
Local commentator said it could never happen - it has.
Posted by andyh @ 04:47 AM (278 views) Add Comment
1 Comment
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1. plato said...
Talking about ordinary people now,not the proper wealthy. (That means Chavs included)
Anyone and I repeat 'anyone' with a mortgage LTV of more than 60% can expect to go into negative equity during this correction.