Liam Dann: Does the housing market need a price correction? - Kerre Woodham Mornings Podcast

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.
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