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  1. #2821
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    Mary Holm (RNZ) 1515 hrs...again stated that NZ house prices ..relative to income were the highest in the world.

    It aint going to be pretty.

    People may remember a few years back ..in the UK...I believe about 40 % of house owners experienced negative equity i.e. their mortgages were higher than the value of their home.

    History repeats.
    Last edited by troyvdh; 30-05-2024 at 07:53 PM.

  2. #2822
    Advanced Member Valuegrowth's Avatar
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    Jun 2013
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    Quote Originally Posted by troyvdh View Post
    Mary Holm (RNZ) 1515 hrs...again stated that NZ house prices ..relative to income were the highest in the world.

    It aint going to be pretty.

    People may remember a few years back ..in the UK...I believe about 40 % of house owners experienced negative equity i.e. their mortgages were higher than the value of their home.

    History repeats.
    Yes. 100% agree.

  3. #2823
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    Sep 2009
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    "What it's really like to try and develop housing in Auckland"

    https://businessdesk.co.nz/article/p...ng-in-auckland

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