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Homeowner's Blog |
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Buy vs Rent in New Zealand |
Do House Prices go up and why are Headlines confusing?No doubt headlines in the media are confusing as examples show. It looks to me that people take everything out of context— demand and supply, income and house affordability, or price and inflation. Have a look at the headlines and let me explain; |
Why are the media confusing?
Nice the holiday season with time for reading and catching up with friends. Interestingly people make fun of talking about buying a property. Not only the media are confusing. Ask 10 people and you will get 10 different answers to your question. As I witnessed most considerations have been triggered by recent headlines in the media. Here are few of them: Housing bubble set to burst, A. GibsonHouse buyers forced to wait as listings plunge, M. DicksonNZ housing still way overpriced says EnglishHouse prices expected to continue upward trend next yearHighest Auckland house price ever, A. Gibson
Within the decision making process I would position myself either as home buyer, first-time home buyer or as investor before searching for information in greater detail, because it really matters.
If you want to live in a housesomebody has to own it—right?
When somebody tells you “don’t buy, it is too risky to own a property” etc., think about - somebody has to own even your rental property. The only question is, who pays for it and how much. As already discussed rent payments will cover house related expenses. By paying off the home loan home owners save for the future, but what do renters to compensate increasing rents?
For becoming a homeowner read more about how to avoid common pitfalls and the Buying Process.
Let me start with three simple questions I get asked quite often; What is the buying process and the best time?
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Housing bubble and the headlines in the media are confusing for home buyers. Do house prices continue an upward trend or is it too risky buying a property? Tips to avoid common pitfalls when buying a property and more |