The CCCFA and the sharp spike in interest rates were the last two nails in the coffin of a series of moves initiated by both the Government and the Reserve Bank of NZ. Although it's a baseless allegation to suggest a piece of legislation was specifically designed to bring down the property market, there are two things to point out:
1 - It's far easier to crash an economy than to build it up and,
2 - secondly, they did say they were going to do this.
Rupert Gough from https://mortgagelab.co.nz/contact-us/ is my very special host today and really, we're just shooting the breeze and speculating around what comes next with the property market.
Ask me anything, suggest a topic, or a guest!
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