Many factors contributed to the historic seller's market that endured throughout the pandemic, which saw home prices rise by more than 50% in two years in some states. One of the biggest drivers of.
The first ‘podcast’ listed above includes interviews with two highly competent economists, University of Auckland property economist Michael Rehm, and former Reserve Bank monetary economist Michael Reddell. The hologram of another such economist, Arthur Grimes, was present also. The interviewer is Kathryn Ryan, certainly one of our more intelligent journalists, more prepared than most to dig a little, though prone to asking questions heavily laden with assumptions.
Kathryn Ryan to Michael Rehm: “Do you believe house prices will correct [ie, in times of low inflation, ‘fall substantially’], and how?”
Michael Rehm: “I have long believed that house prices will correct … around five years ago Arthur Grimes called for, with what seemed like madness [ref. John Key asking: “Where you’d get a 150,000 homes from overnight, I don’t know?”] at the time, for house prices to be engineered into a 40% drop … if we’d done it back then we’d be in a much better or healt
The first podcast listed above
includes interviews with two highly competent economists,
University of Auckland property economist Michael Rehm, and
former Reserve Bank monetary economist Michael Reddell. The
hologram of another such economist, Arthur Grimes, was
present also. The interviewer is Kathryn Ryan, certainly one
of our more intelligent journalists, more prepared than most
to dig a little, though prone to asking questions heavily
laden with assumptions.
Kathryn Ryan to Michael Rehm: Do you believe house prices will correct [ie, in times of
low inflation, fall substantially ], and
how?
Michael Rehm: I have long believed that house
prices will correct … around five years ago Arthur
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