Yep, it’s definitely time for a flat 10 years in the housing market.
http://www.nzherald.co.nz/property/n...ectid=11391028
It would seem sensible that the government engineer a soft landing, by LVR, cutting immigration, restricting foreign ownership, preferably all of those things until household debt ratios return to what they were in 1990 or thereabouts.
All New Zealander's will prosper from having lower debt ratios, and there are other markets in which to invest for those whom have been obsessed with real estate.
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