“After an intense building flurry, Auckland’s housing stock is now 618,849 units, which is 101,000 more than a decade ago…Meanwhile Auckland house prices, with a median value of just over NZ$1mn (US$587,000), have lost a quarter of their value in that timeframe.” giftarticle.ft.com/giftarticle/...
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What can you do with high property values? Sell your house and become a rich homeless person?
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Retirement home (aka expensive rent). In a private property market the landlord always wins. jrootham.ca/economics/pr...
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