tag:blogger.com,1999:blog-11906042.post9154163373767738972..comments2024-03-29T10:51:27.752+13:00Comments on Not PC: Housing: It’s basically unintended consequences all the way downPeter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11906042.post-81563312714839293172015-05-14T22:05:41.273+12:002015-05-14T22:05:41.273+12:00Anyone who has a reasonable family income has no p...Anyone who has a reasonable family income has no problem buying a house in Auckland.<br /><br />The median price is around $900,000 - family income of say only $300,000 P/A that is quite affordable.Mainstream Mikenoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-18775359294046355092015-05-14T14:46:01.076+12:002015-05-14T14:46:01.076+12:00Housing crisis. More like State planning crisis. ...Housing crisis. More like State planning crisis. If you have one or three houses at the moment it isn't a crisis though. <br /><br />People pour into property because there is profit to be made. This latest RBNZ wankery is a massive signal to people to keep pouring into property. The minute that people think there aint no profit to be made then all the shit weight of the State gets dropped and the market will crash. <br /><br />The question is what will cause people to think that the profits in property are over? <br /><br />Yep the system is stuffed but its all profit for now.<br /><br /> The RBNZ are mongs. <br />Simonnoreply@blogger.com