I've been looking at real estate around the country recently and it seems there are only a few towns in New Zealand where you can buy a house reasonably priced. Most town house prices have gone up to on average of 14% just in the last year and in some places you can't buy a basic house for less than a million or so - which is why we moved to the west coast. Since we've been here we've made some very necessary changes to my property such as putting in a new kitchen and a huge deck on the outside, next up is the bathroom. So far it's added a good amount of profit to the value.
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Jim, TX
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A little story. Years ago my wife and I met this couple from California who had recently moved to our town in Oklahoma. They were in the airline business so they had a lot of flexibility in where they could live.
They said they visited Tulsa and picked up a newspaper and saw the ads for houses and the prices were so ridiculously low to them that they thought it was down paysments. They talked to a few realtors and found out that the prices were indeed low. It was funny, they said they called their best friends and told them that they were moving to Tulsa because they were giving houses away for for free.