It’s clear that New Zealand housing is wildly overvalued and being used as a way to hoard wealth. How on earth did we get here?
History repeats itself in New Zealand from looking back at 1984. And when you’re falling backwards into the mire, someone should call it out.
In our offices or workplaces, everyone starts catching something. We dread the moment, but we know that we’ll inevitably get sick too. In housing, we’re seeing our peers starting to look a bit green.
As I watch news of the Australian economy and property market tanking, I worry about our little patch in New Zealand. We’ve had a good run, and we’ve become complacent.
With the denial from the mainstream, we’re beginning to see that the NZ housing market isn’t the way we think it is.