Selling Real Estate — A Cautionary Tale (Part One)

Auckland, New Zealand is one of those places that has real estate deeply embedded in its psyche — very few casual conversations will not come around to the cost of housing, shortages, percentage change, school zoning (a key driver of house prices), and Northerly aspects (the best face for the limited amount of sun that it gets in a year). This comes about (at least partially) from the decision made 200 years ago to put the largest city on the narrowest part of the country. With strong population growth over the last twenty years, expansion has been strangled by both…