Heard on radio that house prices in NZ dropped by up to 20% in past year

[thaibeachlovers]

One suspects that all those "investors" that bought at the height are going to be "upset". Good news.

 

Unfortunately a 20% drop isn't enough to make houses affordable, especially as loans harder to get and higher interest rates.

[AndyFoxy]

NZ.....high tax, low salary, high cost of living. Plus a WEF pawn as PM. Horrible little place. Decent scenery though.

[Gsxrnz]

Commissar Jacinda Hardon has turned NZ into a modern-day Gulag. Her style of Totalitarianism is not Orwell's jackboot in the face, but a warm motherly cuddle and a soft spoken "I know what is best for you, whether you like it or not, my children.....and you will do what you are told".

 

Christ on a bike, I'm only thankful she didn't marry Justin Trudeau. 

 

 

[AndyFoxy]

1 hour ago, Gsxrnz said:

Christ on a bike, I'm only thankful she didn't marry Justin Trudeau. 

They are very friendly though. A couple of WEF pawns. 

"Be Kind" she says while calling the leader of ACT an arrogant rick (with the 'p' deleted). 

Mrs Ed had the media in her pocket there for a while, but many of them are starting to turn against her.

 

 

Edited December 15, 2022 by AndyFoxy

[Paul Catton]

Didn't need to hear about it on the radio, but have experiencing the devaluation, now at 25.37% on our humble South Auckland abode. ????

[thaibeachlovers]

On 12/15/2022 at 5:41 PM, Paul Catton said:

Didn't need to hear about it on the radio, but have experiencing the devaluation, now at 25.37% on our humble South Auckland abode. ????

What's the betting that it could fall to 1960 prices, but rents will continue to be at idiotic levels and increasing?

If I could have got the pension in LOS I'd never have come back.