Nice article. However, I think you're incorrectly assigning New Zealand's mini crash in house prices to these regulation changes. Increasing the supply in housing will put downward pressure on house prices in the long term, but the recent mini crash was due to a sharp interest rate increase and a partial burst of a bubble that happened before and during COVID lockdowns.
Nice article. However, I think you're incorrectly assigning New Zealand's mini crash in house prices to these regulation changes. Increasing the supply in housing will put downward pressure on house prices in the long term, but the recent mini crash was due to a sharp interest rate increase and a partial burst of a bubble that happened before and during COVID lockdowns.
Nice article. However, I think you're incorrectly assigning New Zealand's mini crash in house prices to these regulation changes. Increasing the supply in housing will put downward pressure on house prices in the long term, but the recent mini crash was due to a sharp interest rate increase and a partial burst of a bubble that happened before and during COVID lockdowns.
To be clear the bubble was forming pre and during COVID lockdowns. The partial burst happened afterwards.