Originally posted by Don't believe the Hype
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Ron Hoy Fong - Will The Next Boom Be The Boom Of All Booms?
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Originally posted by Gary Lin View Post2013 was a minor blip compared to after 08
But that wasn't the discussion you comments to.
Someone says that the Cypus bank savings issue is a recent example of savers losing money (in response to your comment that savers have been losers since 1996) and you say
The most recent example is dropping of OCR after GFC, which decimated the deposit savings rates.
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I was telling my friends this week to think long term, where do they see Auckland property in 1,000 years.
Think Earthquakes in WN and Chch, water levels rising and the Auckland terrain.
Think what is happening overseas and how it will be in the future.
Has the boom of all booms really even started.
A global city on an island at the bottom of the world a very long way from social and political strife, and the upsurge in terrorism that looks to me to be in its infancy.
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Originally posted by Bluekiwi View PostI was telling my friends this week to think long term, where do they see Auckland property in 1,000 years.
Think Earthquakes in WN and Chch, water levels rising and the Auckland terrain.
Think what is happening overseas and how it will be in the future.
Has the boom of all booms really even started.
A global city on an island at the bottom of the world a very long way from social and political strife, and the upsurge in terrorism that looks to me to be in its infancy.
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Originally posted by Bluekiwi View PostI was telling my friends this week to think long term, where do they see Auckland property in 1,000 years.
Think Earthquakes in WN and Chch, water levels rising and the Auckland terrain.
Think what is happening overseas and how it will be in the future.
Has the boom of all booms really even started.
A global city on an island at the bottom of the world a very long way from social and political strife, and the upsurge in terrorism that looks to me to be in its infancy.Squadly dinky do!
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Originally posted by Wayne View PostYou didn't mention the new volcano in Auckland?
He said that its basically just a higher level lava field that Auckland sits on and its moving away and its a lot lower level chance of minor activity than a fault line.
The main danger area is Wellington and the fault line running up the centre of the country and heads out past Napier.
Auckland and Northland pretty safe.
But dark horse is Unitary Plan, and the number of sections and extra "dwellings" that could be created within 6 to 12 months of going through.
It does look like bumpy times late 2017 doesn't it, with Election time coming up as well.
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House prices to peak next year on new supply, lower migration
25 July 2016
Originally posted by NZHNew Zealand house prices will rise another 17 per cent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics. The Wellington-based firm sees 2017 as a peak for the market. It forecasts a fall-off in demand as the rapid inflow of new migrants and Kiwis staying at home starts to ease, while new building eats into the supply shortage.
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