Comments by "Battleneter" (@Battleneter) on "New Zealand House Prices Predicted to CRASH in 2022" video.

  1. It depends , if you are a recent buyer near the top this is going to hurt. Personally I am mortgage free, the value of my house doesn't really matter as I only own one and I don't borrow against it, and I need it to live in :P
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  2. Just to be clear MOST property investors are local moms and dads buying their 2nd and 10th investment property thanks to weak NZ banking regulation (similar to most developed countries). The local media like "Stuff" and many others don't like to blame the Banks as they are such large advertisers $$. Another myth is a housing shortage, yes there is a shortage in parts of Auckland, however the rest of the country its complete BS, its all speculative price inflation.
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  3. I am usually National, however gave Labour a chance last election. I will be voting them out not for economic reasons but due to the formation of the "Maori Health Board" among a few other accidentally racists (I hope) policies, that is fast creating new racial tensions in NZ.
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  4. good luck finding a decent in Georgia, there is a reason houses can be found for 100K :P
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  5. Local property investors moms and dads buying their 2nd and 10th investment property are the #1 cause of these high prices which is proven by falling home ownership rates. Weak NZ banking regulation allowing these investors to do this need to be looked at again. The last National government did actually impose higher LVR requirements, but local media trash rags like "Stuff" whom get a lot of advertising money from $$ Banks crucified them for it, and they had to reverse course. Higher LVR may impact 1st time buyers BUT it impacts property investors far more, if it had been allowed to run prices would be far lower today.
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