Comments on: 20 years to see property capital gains…

By: Paul Lattimore

Paul Lattimore — Thu, 03 Apr 2008 20:23:53 +0000

Olly Newland must be a very satisfied man right now. He wrote “When the Bubble Bursts” about 5 years ago predicting the inevitable, but most people were too caught up in the euphoria to listen.

To me the interesting aspect will be how the banks deal with the 100% + mortgages they lent out to local “Sub Primes” in the last couple of years. Will they sit back and allow the borrowers to make their regular payments, or will they panic and start demanding extra security to cover the value of the loans?

My pick, unfortunately for the borrowers is the latter. I’d love to be proved wrong, but banks aren’t known for their big picture thinking.

By: More forecasting pain for homeowners… at diversity.net.nz

More forecasting pain for homeowners… at diversity.net.nz — Thu, 03 Apr 2008 07:48:36 +0000

[...] on from Bernard Hickey’s dire predictions a few days ago, the BNZ economists have come out saying that property stocks in New Zealand are 30% [...]

By: Paul Spence

Paul Spence — Thu, 27 Mar 2008 07:05:08 +0000

That’s great publicity for Hickey and his website.

I think he is being a bit too pessimistic. There will be more waves of immigration in the coming decade and nobody can possibly predict the outcomes of the coming global economic shakedown. The house price boom was off a relatively low base remember.

I don’t actually care. I still need somewhere to live and won’t be selling into a falling market anytime soon.

By: NZ house prices won’t see 2007 highs for 10 to 20 years

NZ house prices won’t see 2007 highs for 10 to 20 years — Wed, 26 Mar 2008 06:35:38 +0000

[...] call by Bernard Hickey of Interest.co.nz (thanks Diversity for the pointer). He suggests we won’t see the highs in NZ house prices seen last year until [...]

By: Marc Lehmann

Marc Lehmann — Wed, 26 Mar 2008 05:59:39 +0000

Wow, I’ll take the opposite side of that bet.