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  1. #151
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,879

    Default

    Quote Originally Posted by Chris W View Post
    . . . an economist has warned.
    Nuff said. A prediction soothsayer looking for media coverage for his business.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  2. #152
    Join Date
    Sep 2008
    Posts
    7,575

    Default

    that seems a pretty worse case scenario....

    but those need to be accounted for too
    have you defeated them?
    your demons

  3. #153
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,032

    Default

    What is generally forgotten (but is actually mentioned in the above scenario) is that as the recession bites new home building ceases.
    Therefore, with a rising population, a housing shortage develops. Over time this pushes prices back up so eventually builders can once again build with the expectation of making a profit.
    So there is a self-correcting mechanisim at play.

  4. #154
    Join Date
    Jul 2017
    Posts
    274

    Default

    If you're interested, here is a firsthand experience of the Irish property bubble

    https://youtu.be/1hi7gV9uyK8?t=37

  5. #155
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,326

    Default

    I just watched that actually. Was quite good.
    Squadly dinky do!


 

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