Missed out on a reasonable buy because some other "who you know" investor with an RE mate got there on the same day it came to market.
The Auckland market is terrible. Extremely few good deals (where 'good' constitutes 6% gross these days) being chased by larger numbers of 'investors'.
Ever decreasing circles springs to mind.
I prefer not to be cf -ve, as you can only put up with a limited number of those before the daily caviar and wine allowance runs a bit thin. So instead I opt for larger deposit in order to break even. But that too has its problems.
Whine over. I shall await the burst with anticipation.
The Auckland market is terrible. Extremely few good deals (where 'good' constitutes 6% gross these days) being chased by larger numbers of 'investors'.
Ever decreasing circles springs to mind.
I prefer not to be cf -ve, as you can only put up with a limited number of those before the daily caviar and wine allowance runs a bit thin. So instead I opt for larger deposit in order to break even. But that too has its problems.
Whine over. I shall await the burst with anticipation.
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