Sunday, August 10, 2008

Negative equity comes to New Zealand

Coolapsing values hit tome

Local commentator said it could never happen - it has.

Posted by andyh @ 04:47 AM (560 views)
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One thought on “Negative equity comes to New Zealand

  • 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.

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