Originally Posted by
Aaron
I didn't think I was voting my way to wealth. I thought I was arguing for a fair shake for the next generation. As a successful property investor you might appreciate 30 years of lower interest rates may have helped your capital grow by pushing up house prices at twice the rate of wage growth.
I probably don't understand FOREX but the RBNZ dropping interest rates and pumping money into housing appears not to have been necessary as far as house prices go but I thought these actions would weaken the NZ dollar and make our exchange rate more like a developing nation. I am pretty sure it wasn't intended to strengthen the $NZ.
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