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本帖最后由 bungyjumping999 于 2013-6-6 08:58 编辑
2009 ---> prices were declining but seller expectation was as high as 2008.
At that time interest was as high as 9%. Good houses still not going cheap except some distress sales.
Even with cash sitting on the bank, it was around 8% interest.
Fletcher building share slump 50% at $4.5. it was a good buy too as entrance and exit fees for share market is low ( unlike real estate)
auckland airport / contact energy issued 3 yrs bond yield was as high as 9% . Many big companies need cash injection.
Cash was king and buyers were spoiled with many choices, not just real estate
Banks not giving any lending and no body know what was the bottom line when most finance companies were failing.
On hindsight 2010 was a good yr to buy houses, bank was more relaxed, and seller more realistic after 2 yrs of fears and hamering.......and some were leaving to australia/overseas.......... easier to negotiate a deal. Agents more interested in buyers than sellers, that is for real.
2013, the tide has turned, Sellers return with a vengeance.  |
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