Originally posted by Monid
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Perhaps scam is the wrong word. But, when you consider the way New Zealanders react to perfectly good investment vehicles, it may as well be.
There is nothing new about mortgage sales or the stock market or making money buying and selling real estate.
But, New Zealanders are always looking for the quick buck. The very concept of wealth – real wealth, escapes them. New Zealanders think it’s a big house, a boat a fancy car, and an underserved sense of accomplishment.
Time and time again, while I am visiting friends and relatives in New Zealand, I end up in conversations that constantly embarrass me about real estate. Good people, who know little or next to nothing about the restate market, are actually telling me about their personal finances. This bothers me.
Once when hiking on a lonely mountain in a way-out-of-the-way part of New Zealand I run into only one guy after two days on the trail, and guess what – he starts telling me about his real estate portfolio! It would be funny if it weren’t so sad.
Monid, I want the best for New Zealanders and New Zealand --- but until the average New Zealander wakes-up and gets a clue, then I see nothing but trouble for a lot of good people.
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