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Aucklanders facing mortgages worth more than homes Fame it!
Posted on Oct 07 2008 3:44 AM by adeal

Auckland City Mayor John Banks predicts a quarter of homeowners in the city will have mortgages worth more than their properties by this time next year. The council has started trying to decide how to balance funding existing and new services amid the global financial fallout and worsening economy. City councillors have held a preliminary meeting to debate council spending and review its long-term plan.



Full story: radionz.co.nz
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