You can never lose money with real estate. This is something you have probably heard often. But trust me, you can. Just ask the people in Japan.
In our offices or workplaces, everyone starts catching something. We dread the moment, but we know that we’ll inevitably get sick too. In housing, we’re seeing our peers starting to look a bit green.
As I watch news of the Australian economy and property market tanking, I worry about our little patch in New Zealand. We’ve had a good run, and we’ve become complacent.
Despite the pleas of denial from the mainstream, we’re beginning to see that the NZ housing market isn’t as bulletproof as most folks thought…