This is one of the best threads I've seen on this forum in a long time. I'm actually glad to see someone reporting the potential pitfalls to NZ.
I'm still thinking of moving there but after reading this forum periodically, it's becoming clear that perhaps a summer (or winter) home in New Zealand might be a better approach for us.
With the US housing meltdown on full steam and world bond markets in chaos, I expect a world wide economic meltdown (NZ included) to bring housing prices back to something more realistic in NZ over the next 12 to 18 months.
Only time will tell....
Expat
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