SUM - Summerset Group

[Lewylewylewy]

Yup, over the past few days I've been thinking that sum is probably at the bottom. I suspect it'll go up within a year. I'm picking in 12 months time we'll see up to $5.5

[Raz]

Sold a third of my SUM shares for an unexpected private company investment a year ago , certainly looking like the better investment... however have repurchased again over the past week at a similar price I exited. I reckon we have some room to move on up now:-)

[janner]

I reckon we have some room to move on up now:-)

Hmmmm... Not the first one to express such a comment as it has progressively gone lower and lower Raz...

Is this really the trend change ??

[BlackPeter]

No worries

Even if prices fall a bit in Auckland and don't increase as fast elsewhere I reckon next year we will see a surprising robust increase in prices.

Yep, no worries - assuming it even impacts on the likes of SUM

hmm - is this the same winner who tells me on the MPG thread that the market will crumble?

[King1212]

Panic step in....

https://www.stuff.co.nz/business/pro...e-prices-stall

[winner69]

Panic step in....

https://www.stuff.co.nz/business/pro...e-prices-stall

Bugger

Property market in the media is not the property market in reality

One thing is that even if prices collapsed most homeowners will be still be better off than they were a year or so ago - just not as rich as they were on paper last month.

About 85,000 property sales a year. There is about 1.6 million dwellings in NZ (about 60% owner occupied) which sort of suggests that the majority of home owners aren't even in the market and therefore won't even be thinking of panicking.

[percy]

I don't matter at all to me what the property market does,as long as I buy/sell in the same market.

[winner69]

I don't matter at all to me what the property market does,as long as I buy/sell in the same market.

I agree .....so true

Why worry

[winner69]

I don't matter at all to me what the property market does,as long as I buy/sell in the same market.

Some years ago an acquaintance was really worried about an 'impending recession' that the media was raving on about

I asked him how did 2008/2009 go for you

He said fine, those were great years

I told him that's what a recession does to you mate.....and some said it was greatest recession since the depression

Ah great, recessions aren't bad after all he said

[Raz]

Hmmmm... Not the first one to express such a comment as it has progressively gone lower and lower Raz...

Is this really the trend change ??

You may be right..just wait and see...