Originally Posted by
upside_umop
Unlikely not to be distressed, but all the same they will have a few casualties. Ie Unemployment, overextended, etc. Same as before. It will still happen with them as their personal assets might not be smartly tied up when their pegasus property fails to sell.
I dont know whether I have said, but I plan to buy in Ilam, Christchurch which as you know is in the university area, and rubs shoulders with Fendalton, and with some value adding activies, a decent rental yield should be able to be achieved.
Didnt Fendalton fall 13% last year?