Would it be possible and/or desirable to engineer a housing market correction?
Economy Watch
English - October 07, 2021 21:52 - 22 minutes - 20.3 MBInvesting Business investment business finance currency economy shares investing new zealand Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: The long-Covid economic problem
Next Episode: China's services sector expanding again
Dipping our toes into the world of podcasting, we look at whether it would be possible and/or desirable to engineer a housing market correction.
That means a deliberate move by the government, with the cooperation of the Reserve Bank, local government and banks, to push house prices down.
Such a move would require a government prepared to see house prices fall by a significant amount.
We look at why homeownership is desirable, whether it would be possible to engineer a housing market correction, whether it would be desirable to do so, whether a housing market correction could be controlled, and whether homeowners who would be hardest hit by a correction could be compensated.