What's John key told the Auckland property owners not to do???? with their new valuations I'd of expected JK to encourage consumers to spend spend and borrow...just like your referring to, the American population...
You seem to forget that Americas going to have an ever increasing population retiring in the near term with a shrinking labour market... Perhaps why BObama just declared 5 million illegal aliens, citizens... Best to increase tax base rather than spend on enforcement of immigration...
I suspect you don't post on any other investments, due to the fear of been exposed to the human nature of being wrong once in a while??? Man up and admit when you maybe wrong..
Do you know what code blue means??? Ooops friendlies dead..
