Quote Originally Posted by Bjauck View Post
America catches a cold; the rest of the world gets pneumonia.

Apart from certain cities in the US, Americans have more affordable real estate than NZers?

Before the foreign purchaser restrictions were introduced many insiders (sure many had a vested interest in high turnover of expensive property and mortgages) downplayed the involvement of foreign purchasers in residential real estate. We were informed that such bans would have just a limited effect. Surely the effect on liquidity would be minimal as the majority of demand is local?

(2017) https://www.stuff.co.nz/business/984...property-sales

https://www.tvnz.co.nz/one-news/new-...housing-market

Just before the ban came into effect https://www.interest.co.nz/property/...and-houses-not
I watched an interview today on the US Markets talking about debt issues etc ... saying how the property bubble is back with House price-to-income multiples over 4 !!! here across NZ the average is around 6 Auckland 9 ---Queenstown the most out of balance with 13 !! (I'm sure Central Otago would be around Auckland rates)