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SCOUT· 57%27m·2026-06-07·Money
SCOUT· 57%27m·2026-06-07·MoneyWhen a Housing Boom Turns to Bust
Patrick Boyle On Finance · 24
A three-bedroom "dunger" in New Zealand with peeling paint and boarded-up windows sold for 1.81 million dollars at the peak of the boom. A few years later, prices had fallen by as much as a third in real terms, recent buyers were trapped in negative equity, and thousands of construction firms had gone under. In this…
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