Comments on: New Zealand House Price Fall Continues http://www.byebyeblighty.com/1/new-zealand-house-price-fall-continues/ Wed, 28 Dec 2011 11:42:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wealthcrash http://www.byebyeblighty.com/1/new-zealand-house-price-fall-continues/comment-page-1/#comment-734 Wealthcrash Fri, 20 Mar 2009 00:43:56 +0000 http://www.byebyeblighty.com/1/?p=1270#comment-734 I think it's important to remember Japan. Japan went through a period of ludicrously loose lending in the 1990s, many years before the west did. The so called quantitative easing underway in the UK and US was also carried out when the Japanese housing market crashed, albeit the Japanese took longer to start printing money. The Japanese Government has actually been propping up their crippled banks ever since then, in much the same way as American and British banks are being propped up now. House prices in Japan reached a peak in 1991 and then dropped for 15 straight years. House prices in Japan are still less than half what they were in 1991! I think it’s important to remember Japan. Japan went through a period of ludicrously loose lending in the 1990s, many years before the west did. The so called quantitative easing underway in the UK and US was also carried out when the Japanese housing market crashed, albeit the Japanese took longer to start printing money.

The Japanese Government has actually been propping up their crippled banks ever since then, in much the same way as American and British banks are being propped up now. House prices in Japan reached a peak in 1991 and then dropped for 15 straight years. House prices in Japan are still less than half what they were in 1991!

]]> By: BullyBeef http://www.byebyeblighty.com/1/new-zealand-house-price-fall-continues/comment-page-1/#comment-729 BullyBeef Thu, 19 Mar 2009 16:42:58 +0000 http://www.byebyeblighty.com/1/?p=1270#comment-729 Can't see prices in New Zealand falling as much as in the UK. NZ's prices down 9%... UK's down 17%. NZ gets cashed up UK immigrants who help keep house prices fall collapsing. UK tends to get immigrants with no savings to speak of. Can’t see prices in New Zealand falling as much as in the UK. NZ’s prices down 9%… UK’s down 17%. NZ gets cashed up UK immigrants who help keep house prices fall collapsing. UK tends to get immigrants with no savings to speak of.

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