Auckland property market ready to boil over

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Wed, 05 Dec 2012 6:35p.m.

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An already hot Auckland property market seems to be boiling over as a real estate agent reports record selling prices.

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.

Tallica1 wrote:

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.

Greg wrote:

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.