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cory85

3,877 Posts.

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22/10/16

11:58

Post #: 20049107
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Originally posted by Skol ↑

you keep ignoring me. how has wages gone up compared to house prices?
===============

Who gives a Schiff about wages, all I'm interested in is capital gain. Even if wages haven't kept up, the Auckland property market is like Melbourne, Sydney, San Francisco, Seattle and NY.

It won't go on forever, but I doubt it will crash, there's too much demand. Wages may not have kept up, but very low interest rates make up for it.

Property has tax advantages too, like income splitting, tax deductions and depreciation. I've owned my commercial for so long that when I sell it I won't have to pay any tax.

Nice, but I do love gold, as long as someone else owns it.

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"Who gives a Schiff about wages,"

The gap between poor and rich is getting wider.
I guess some people don't care about their fellow man.
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