House prices only ever go up, right?

December 4, 2016

It is not uncommon to hear people talking confidently about how prices only ever go up.

Buyers are told they are on to a one-way bet when they purchase a property - just hold on tight for a few years and you'll be sitting on a goldmine.

But as recently as eight years ago, homeowners in New Zealand got a taste of what it's like when that doesn't happen.

Check out this Stuff article about house price bubbles.

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