Tuesday, July 10, 2007

Warnings of a potential collapse

Is the housing market about to crash?

Warnings of potential collapse in housing marketNew Zealand have emerged inbanking report Moody's Investor in SydneyA leading Auckland apartment realtor is also warning that "a chill" is about to descend on the market and is suggesting to homeowners that now might be a good time to sell "with our masters in Wellington hellbent on making you suffer".A recent article comparing the price of house inAuckland vs a similarly priced house in SydneyMelbourne showed something very simple I am surethat a lot of other people saw it too. When you can buy a better housein city with larger labour market,a significantly higher average income and lower crime rates,a no brainer

Posted by chris @ 04:00 AM (377 views)
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