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  1. J

    Its a bit scary how easily the media is pushing the "property market bottom is here" agenda

    @kamigirl Here is the graph of NZ vs US dollar over the last 10 years. We are low at the moment, and it dropped 4c in a week when Orr said they’d stopped raising. A low dollar is inflationary, it make imports more costly. I think he will have to resume interest rate rises if everything else...
  2. J

    The unrecoverable costs of buying a million dollar house now equate to around $1730 in rent a week

    @thestarside It depends what you do with the money you save by renting, because a mortgage is a form of forced saving. Say you could afford the $1700 a week but choose to rent the same house for $900 a week instead. If you spend the $800 a week you’ll end up worse off. If you saved it in an...
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