Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (62609)	4/23/2005 9:22:51 PM
From: Maurice Winn	Read Replies (1) of 74559

<Capital gains on housing is just inflation > It can also be supply and demand as certain residential areas become more popular and prices rise. People can bank the profits by selling, moving to a cheaper area and living on the cash difference. New Zealand is currently attracting a lot of wealthy immigrants who want a nice place to live. That pushes prices up because they aren't making any more land where those people want to live. Mqurice

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