Buyer should have held out for a better price seeing seller wants to sell
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Could be a absolute bargain of a price for all we know. Time will tell!
Also Mickey, have a read of technical analysis explained by Martin J Pring, plenty of that sort of stuff in there. One of the most simple signs (although never conclusive on its own) is when crossing moving averages.
Yes...and an off market transaction as well. Hmmmm...Brian Gaynor’s Herald article at the weekend again raised some concerns about how well the NZX “market” in fact works, when there are large off market transactions such as this.
Be “interesting”if it was Milford.
I doubt you can categorically say that yet. Consumer confidence already being affected by the new left wing coalition experiment.
http://www.sharechat.co.nz/article/6...tlook-dimshtml
People need a lot of confidence to decide to build a new home or add a new extension.
Agreed.
People will instead upgrade their car.
One suspects that we might be a "little way" off topic now but for what its worth all the evidence I have seen is that an erosion in confidence is bad for any big ticket purchase. To be fair though optimists, (for reasons best known to themselves) outweigh the pessimists.
Personally I think there's more than a few people sitting on their hands keeping their powder dry waiting and seeing how things play themselves out economically. You get enough people doing that and that's how a recession starts. Can't see too many people wanting to make the bold call of the significant investment required for double glazing their house in the current environment.