And especially as houses in NZ are at record highs + record high av. household debt..low NZ incomes etc
Of course the equitiy market can be horrible in the crash .. I do remember the GFC (I had over 300k in loans in the market) but thats why I have my Sharetrading structured in a company... still got a few tax credits to use up from the GFC.
But property ian't perfect (just ask some CHCH home owners)
Also Good luck selling your NZ property in a major market downturn when several others are for sale on the same street and new R.V's come out with 20% reduction in value and wipes out all your equity.
Also you can buy an ETF or Gold company that will do well during a market crash ..make money while other investment are going down in value.
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