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Property not a bubble about to burst - Mary Holm

Q. I was wondering if you had read the Economist magazine's survey of the global property markets. The broad thesis is that sooner or later the property bubble, found in many residential markets worldwide, will burst, as all bubbles inevitably do.

Monday, July 07th 2003

Knowing your views on property, to what extent would you agree a similar situation exists in Auckland?

I have lost out twice in the past few months in the search for a rental property when I was not prepared to chase prices that did not justify the return.

Indeed, so similar are your views that I cannot help wonder whether you and Pam Woodall, the Economist's economics editor, are not one and the same?

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