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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (62620)	4/23/2005 11:15:33 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Moom, <I was trying to think about when would real wealth at the national level increase - i.e. when something real is created rather than just price changes. > The increased value is real. As real as bricks and mortar. The greatest value these days is in abstract things and an attractive country due to the way it runs is as much saleable to foreigners as are manufactured hardware. NZers can and do sell property to foreigners at much higher prices than a few years ago. That means an increase in national wealth. NZ is becoming a nice place to live for world citizens who can base themselves here, or have a part-time place here, and fly around the world to do other things they like. That's a valuable thing to be able to offer people in a crowded, dirty and nasty country. It seems that it's more valuable than selling sheep or butter or trees. The price increases and foreign cash flowing in are both very real. Mqurice