Last week I discussed Australian real estate as a giant puss-filled financial pimple ripe to burst.
Now as nutty as Australian real estate is, I thought it worth discussing the small, empty island next door: New Zealand.
There is a saying that New Zealand is a country where men are men and sheep are scared. Well, sheep are the least of New Zealanders’ problems.
New Zealanders, like their Australian friends, love rugby and real estate. I’m not sure which they love more but both topics are debated heatedly everywhere and all the time.
READ MORE VIA http://www.zerohedge.com/news/2016-06-13/another-real-estate-market-ripe-bustZERO HEDGE
