Wed, 05 Dec 2012 6:35p.m.
An already hot Auckland property market seems to be boiling over as a real estate agent reports record selling prices.
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21/12/2012 9:50:36 p.m.
House prices only go on based on speculation of equity gains. This is the problem with fiat money and if the world economu went back on a gold standard we wouldn't have this borrowing against assets such as houses based on a speculated equity gain to build/buy more properties.
21/12/2012 6:46:19 a.m.
taking flight wrote:
The real reason is that the global economy driven by ponzi scheme debt is flying in from off shore to nest anywhere it can BEFORE Joe public figures out that that nest is being filled with zombie vultures not golden swans, omg when duck season starts blood will drench the skys.
6/12/2012 10:16:33 a.m.
When you have unfettered overseas access to limited property, it a ever expanding bubble, property prices never crash here. I'l be saving 100k and fleeing to Thailand when I retire. If you stay here you retire you will be squeezed dry.
The Govt's plan to fast-track new housing in Auckland won't solve housing cost issues, say planners.
The Reserve Bank has kept the official cash rate at a record low of 2.5 percent as it tries to deal with an overheated property market.
The Reserve Bank has left the official cash rate unchanged at 2.5 percent, and says it could remain the same until at least the end of the year.
Gerry Brownlee says the council is in a "very serious situation", but Mayor Bob Parker denies there's even a problem.
Reporter Lachlan Forsyth talks to the experts who have been crunching the numbers about Auckland housing.
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