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zinny01

Further Declines In The New Zealand Market

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http://www.scoop.co.nz/stories/BU0708/S00200.htm

House Prices Fall For 2nd Consecutive Mnth In July

Thursday, 9 August 2007, 4:53 pm

Press Release: J P Morgan

House prices fall for the second consecutive month in July

According to today's early release of the REINZ July property price report, the national median house price dropped 0.7% to NZ$345,000. July's house price decline was the second consecutive monthly fall - down from NZ$347,500 in June and the record NZ$350,000 recorded in May. Furthermore, in what was a broadly weak report, the Auckland market (New Zealand's largest) prevented the national median price from falling further

Very very thin volumes here at the moment. Buyers and sellers standing off. ;)

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......do these home sellers in NZ not realise that in order for the housing market to function properly they have to convince the buyer to pay more for the house than they paid? That's how it works FFS! I mean, if you can't convince the next guy to pay more, you might be left with all that debt to pay off yourself.....it sounds crazy but it's true. :lol:

Edited by scott666

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By your sudden schizophrenic change...talking out your behind...generally looking for an argument.

Maybe troll was the wrong world. Pole is probably more apt.

Schizophrenia is a condition characterised by loss of touch with reality combined with delusions and often auditory hallucinations. Sh!t, maybe you're right.....

Personally I think I just have a personality disorder. Antisocial type, cluster B.

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Schizophrenia is a condition characterised by loss of touch with reality combined with delusions and often auditory hallucinations. Sh!t, maybe you're right.....

Personally I think I just have a personality disorder. Antisocial type, cluster B.

Well, that's me disarmed. What more can I say?

Good luck!

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Schizophrenia is a condition characterised by loss of touch with reality combined with delusions and often auditory hallucinations. Sh!t, maybe you're right.....

.

Eh? Are you guys talking about me here? No wait a minute, it's paranoia I suffer from isn't it? ;)

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