So it is now a little over a year since we set up MethSolutions. So far, we have identified around $30 million of property assets where the value has been compromised by the actions of meth criminals.
Tag Archives | MethStatus
Recent media coverage of meth issues has included references to a Police officer involved in the supply of meth. Its another example of stuff that we just kind of accept.
The latest tweaks to the Real Estate Agents Act maintain the position that a real estate licensee does not need to hunt out ‘hidden’ issues.
So you have worked hard to save up enough money to put the deposit down on an investment property. This will form the foundation of your financial future.
It has to be acknowledged that the vast majority of people in this world are decent. They are digging in, trying to make a living. Some are employed and some are running businesses. And some make poor lifestyle choices and end up becoming meth criminals.
Most people instinctively know that contamination from meth is a serious problem. They know it will cost money to sort out. Importantly, they know it will cost them money, potentially tens of thousands, if they get stuck with the problem.
Carrying on from last week, I did a presentation that including a graphic (granted a bit rough and ready) that I believe sums up why we have a significant, but unquantified problem with MethAffected property. It is titled “NZ’s Meth Crisis ‘Ice’berg”.
This week has seen some great debate between myself and some passionate property investors on Propertytalk.com. Some robust discussion, differences of opinion but also some constructive feedback.
Bob and Sue are a typical Kiwi couple. They have worked hard, done the right thing and just bought their third property in South Auckland. Unfortunately for them, property number 3 has a hidden meth legacy.