Originally Posted by
winner69
When city real estate markets like Vancouver, Toronto, Sydney and Melbourne start showing the same patterns and are source of real concern re impending crashes it’s highly likely you are seeing a major trend emerging ......
.........and then add Auckland to the list W69
Yes good point w69,so true; these are some of the things making me a slightly grumpy bear about the big global picture. I know NZ is in a pretty good cycle still but we make up what 0.2% ? of global mkts we would get hit in a big correction/ property crash etc. I was told today (haven't verified)re the debt levels here with the older population was getting very high; i thought that was mainly a younger persons prob.