Feb 16, 2010

What happened to the source?

Sorry, me old possum, I got a wee bit carried away with the furry things... I forgot to challenge the 'let's sell all our real estate' issues!
So... why is so much property up for sale? Even in Chch, there are so many homes for sale, or am I just too aware of this because of my present investigations?
Do you have any theories about this?
  • everyone is moving to Oz - well, that's not too far from fact, just drive around some southern Brisbane suburbs or go to Bondi in Sydney - you will see what I mean.
  • investors are selling off their assets to buy other assets
  • people can't afford their mortgage
  • the market is buoyant - lots of people wanting to buy for big bikkies
What's your guess?

No comments:

Post a Comment