Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
Article ‘Tempted by a Booming Market’? by Graeme Fowler written in 2004.
A few days ago, a man walked into my office wanting to talk about investing in New Zealand Real Estate. Apparently, he had just visited one of the real estate companies in town, and they had suggested he come and talk to me for some investment advice. This is how the conversation went:
Investor: I was told you might be able to help me with some projections.
Graeme: Okay, what sort of projections are you after?
Investor: On real estate prices over the next five years.
Graeme: I’m not sure what you mean by projections, can you explain please?
Investor: Well, I have a group of investors that have some money to invest, and we want to buy some...