Haha... its a bit of a laugh.. we think were immune to a downturn here because we sell s ^&%t to China ... we are living in a temporary economy. When WWIII breaks out... Your investments become slums because no one wants to rent them... They opt for caravans or mobile housing....
Ive seen on TV complete suburbs in America empty... and its getting worse.
So im saying not to the investors, but advising new folk to the market not to waste money on a poor quality 60's style peace overpriced junk and purchase a section and put a small house on it. Its cheaper than buying a used peace of junk that property investor sell for a well over inflated price. Im sure the investors in this country are all in the free masons club. Modular so you can add another peace later.
haha Bob ... negative thinker...glory days NZ are over..Ill sit back and watch it happen
Ive seen on TV complete suburbs in America empty... and its getting worse.
So im saying not to the investors, but advising new folk to the market not to waste money on a poor quality 60's style peace overpriced junk and purchase a section and put a small house on it. Its cheaper than buying a used peace of junk that property investor sell for a well over inflated price. Im sure the investors in this country are all in the free masons club. Modular so you can add another peace later.
haha Bob ... negative thinker...glory days NZ are over..Ill sit back and watch it happen
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