Real estate investors warned about borrowing
Property investment advocate Dolf de Roos has joined Reserve Bank Governor Dr Alan Bollard in warning investors about going too deep into debt.
Tuesday, October 21st 2003, 9:19AM
by The Landlord
"Many may leverage themselves too far to cope with any evening out of property prices and inevitable rises in interest rates that are bound to come," he said.
He said it might seem ironic for a property investment specialist to warn against the very vehicle he made his money from, but said people risked surrendering good investments at a loss or at reduced prices to escape from a difficult financial position.
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