March 28, 2021 • 6 mins
Does the housing market need a price correction to get New Zealand through the crisis?
That's the argument made by NZ Herald business writer Liam Dan.
He wrote yesterday: "Markets where prices never fall are unhealthy and almost always artificially distorted by bad policy."
At some point there needs to be a correction as "corrections lessen the risk of more damaging, uncontrolled crashes."
Dann joined Kerre McIvor to discuss his argument.
LISTEN ABOVE
That's the argument made by NZ Herald business writer Liam Dan.
He wrote yesterday: "Markets where prices never fall are unhealthy and almost always artificially distorted by bad policy."
At some point there needs to be a correction as "corrections lessen the risk of more damaging, uncontrolled crashes."
Dann joined Kerre McIvor to discuss his argument.
LISTEN ABOVE
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