Tag Archives: Irrational Exuberance

A ‘dream home’ nightmare in the making.

“Sometimes we’ve had to wonder if it’s worth it to be that financially stretched, just to have a house. I mean we want it, so badly, but at what cost?”
 Their mortgage repayments are slightly over $600 a week, which was more than their $495 a week rental in Te Atatu, but they could afford it. NZ Herald

Stretched to the absolute financial limit at a time of record low mortgage interest rates. Real smart.

And buying at the ‘top of the market’. Even Smarter. 

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