I guess if asset prices collapse in America, the UK and elsewhere, then all the overseas funds investing in NZX listed shares will suddenly find there are cheaper opportunities closer to home. Then having so little capital left to help rebuild companies and the economy will make having so much of NZ household wealth in residential land not look so smart?
Yes very expensive land locally many asking upwards to $1000per SQM for tiny Res sections
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Originally Posted by Bjauck
Reply With Quote
Bookmarks