I’ve just read your recent article about house prices.
How is it possible that house prices in Auckland will go down? For example, if now I buy a house with a $700,000 mortgage and its cost is $1 million, within three years I can sell it for $1.5 million, repay the mortgage and earn $500,000.
If I rent a house, it will be a waste of money. It’s like throwing money into the garbage. What do you think?…
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