No idea!!!

No-deposit home loan limit may rise – 22 Mar 2008 – NZ Herald: New Zealand National news

The socialists currently running the ship of state aground have no commercial idea. Their latest “brilliant” idea is to allow losers who can’t even stump up one cent to buy a house borrow even more off of the state. Not content with tanking the housing market and placing mortgages out of reach for most with the highest interest rates in the OECD they now want to financially cripple the drop-kicks to take out a “Welcome Home” loan by letting them borrow more moeny that they already can’t afford.

Brilliant financial strategy that is. If you can’t get a deposit together on $85k thn you are a loser. End of story. Cry me a river of tears for your financial ineptitude.

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