Just read this
http://www.nzherald.co.nz/business/n...ectid=11571162
I don't mean to rant much but the following made me a little upset being locked out of the market
- The optimist says he isn't worried by talk of a slump in property prices, saying that would only enable him to buy more places.
- he says he'll be putting his rents up soon.
- started buying property in June 2010 with a $200,000 wedding gift from his father.
- He and his wife Cindy bought one place for as little as $173,000.
- And he reckons that property investment is within everyone's reach.
Honestly good on him for making good investment decisions!
But I don't agree with property below $300,000 being snapped up by investors
We are in a housing crisis in Auckland.. Shouldn't we put restrictions on this as well??