• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 20
  1. #1

    Default Property Collapse? Hambug!

    Who predicted this?

    roperty investor Olly Newland sat down to write a book at Christmas with a sense of impending doom.

    Inquiries for his real estate consultancy had dried up and calls for his Auckland office space were few, which led him to believe he had got the first whiff of a change.

    So he wrote his fifth book on real estate, predicting an end to the good times. "We're in choppy waters, the peak has passed and there's conflicting advice," he said in Auckland yesterday of the market for residential and investment property.

    "But I don't want to sound like Dr Gloom."

    A survivor of the 1987 real estate crash which saw the demise of his listed Landmark Corporation, Mr Newland has produced The Day The Bubble Bursts - how to profit from the coming property slump (Addenda, $29.95).

    His book, released this week, comes as Australia weathers a housing downturn.

    New Zealand economists say the once-booming housing market turned in August last year. Sales volumes have declined and selling takes longer.

    Mr Newland says says inner-city apartments will suffer the most from a slump.

    He said yesterday that his book's predictions were all coming true. Even before many others noticed a change, he said, he penned a checklist of what to watch out for when the market was turning.

    Mr Newland said he had cut his debt levels to make himself more financially secure, selling "millions of dollars" of underperforming investment property.

    He advised other people to also reduce their debt.

  2. #2
    Join Date
    Feb 2006
    Location
    Wellington
    Posts
    114

    Default

    This post looks like a press release to me. But it couldn't be - humbug is misspelt.

  3. #3
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    5,086

    Default

    That book was released 4 years ago.....
    DFTBA

  4. #4

    Default

    Is it meant to be Humbug, Hambug, or Hamberg.

    I read Olly’s book. I do remember while reading it, I did eat a Hamburger.


    Last edited by exnzpat; 13-03-2008 at 10:20 AM.
    Erewhon is still erehwon, I donít see it changing anytime soon.

    http://exnzpat.blogspot.com/

  5. #5
    Join Date
    Jun 2006
    Location
    Hutt City
    Posts
    1,305

    Default

    I think he meant a property collapsed in Hamburg.

    Perhaps it was a hambag shop.

  6. #6
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,897

    Default

    No, No. It was an interview done over the phone:

    http://www.trademe.co.nz/Electronics...-144291764.htm
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  7. #7
    Join Date
    Dec 2004
    Posts
    1,042

    Default In rlpye

    I wash drunk (hic) at the time I shed that (hic) and the marsket is going to (hic) boom forever and ever.
    But pleash note that I was not as drunk as thinkle peep (hic)
    OllyN [email protected]
    Independent Property Consultant
    Residential and Commercial Solutions

  8. #8

    Default

    Quote Originally Posted by OllyN View Post
    I wash drunk (hic) at the time I shed that (hic) and the marsket is going to (hic) boom forever and ever.
    But pleash note that I was not as drunk as thinkle peep (hic)

    As long as you werenít drinking wine from a bottle that had a screw cap, you will be forgiven.
    Erewhon is still erehwon, I donít see it changing anytime soon.

    http://exnzpat.blogspot.com/

  9. #9
    Join Date
    Jun 2005
    Location
    Wellington
    Posts
    1,112

    Default

    I think a hambug is the tummy ache you get from eating too much leftover Xmas ham.

  10. #10

    Default

    waiting for the sequil - 'the roperty boom'. Must be due out soon.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. American collapse
    By Frezzinghot in forum General (NZ)
    Replies: 6
    Last Post: 22-01-2016, 07:16 PM
  2. Financial Collapse
    By Winston Smith in forum Videos
    Replies: 1
    Last Post: 15-12-2015, 07:30 PM
  3. Dubai Property Market Collapse
    By Marc in forum Videos
    Replies: 0
    Last Post: 25-02-2009, 08:23 AM
  4. Replies: 4
    Last Post: 14-02-2009, 11:03 AM
  5. Commercial property market collapse
    By fudosan in forum Commercial Property (NZ)
    Replies: 12
    Last Post: 14-11-2008, 08:30 AM
  6. Housing Sales Collapse
    By essence in forum Property Investment (NZ)
    Replies: 2
    Last Post: 30-04-2008, 06:36 PM
  7. Property Collapse Underway - It Will Be The Worse Yet
    By zealandlord in forum Property Investment (NZ)
    Replies: 8
    Last Post: 14-04-2008, 08:37 AM
  8. A fear of retail property collapse - Thailand
    By muppet in forum Property Investment (Asia)
    Replies: 0
    Last Post: 30-09-2005, 10:21 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •