Friday, March 14, 2008

Housing Slump discussion in NZ

Housing Slump in NZ

Thought this blog would be interesting. NZ house prices have fallen significantly (3-5%) over the past 6 months, now virtually flat year on year (-ve in Auckland). Quite heated debate in the blog, I was doing my best to spread the reality that yes indeed the most overpriced housing market in the world is going down the gurgler. Logic v brainwashed rhetoric best sums up the discussion.

Posted by squirrell @ 10:53 AM (490 views)
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One thought on “Housing Slump discussion in NZ

  • The Kiwi bubble also contradicts one of the many things people keep saying about the UK, that the level of crowding here is the principal reason for high prices. NZ has a population less than one-tenth that of England, in a land area slightly bigger than GB. Yet it has followed the boom ‘n’ bust feature of the UK. Speculation, speculation, speculation.

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