Wednesday, Sep 27, 2006

House price warnings in NZ

NZ Herald: Home owners warned to save

Many New Zealanders regard their homes as wealth "in the bag" and are leaving themselves vulnerable by saving less as a result, the Reserve Bank has warned. It said an ageing population could prompt a fall in house prices and recommended the introduction of policies that would encourage wider savings for households. (note: The Reserve Bank is the NZ equivalent of the BoE or Fed.)

Posted by jake the muss @ 08:14 AM (557 views)
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