Wednesday, 15 June 2011

real estate market in Christchurch

Bloggers around the place have said that NZ was having housing problems, and that the economists were concerned about the potentials for a crash.

Other than the financial issues, it seems that people in Christchurch tend to make precarious decisions on what is an appropriate location for a house.

Why is it only in hindsight that bad decisions are clear to many?

Considering that earthquakes are not unknown in Christchurch (or recent) one can only wonder what went through the designers of this homes heads when standing on the site prior to construction and looking down at all those broken rocks at the bottom of the cliff.

I'm guessing that "hmmm ... wonder how they got there" wasn't among them.

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