What's the truth behind the hype in the housing headlines? Photo / NZME
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's the truth behind the fear in the housing market. Hosted by Frances Cook.
There's nothing like the housing market to make us a bit hysterical.
That's partly because it's such a mix of money and security.
People are keen to own their own home not only to get it paid off and have a more secure financial future but also for the lifestyle and security that owning gives you.
Money and emotions. It's a potent mix.
Now that we're seeing headlines that house prices are going down, and could keep falling, it's enough to panic current homeowners and excite hopeful first-home buyers.
So what's the truth of the hype behind the headlines?
For the latest podcast, I talked to Brad Olsen, the principal economist at Infometrics.
For the interview, listen to the podcast here.
• If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here , Instagram here, and Twitter here.
• Listen to the full interview on the Cooking the Books podcast. You can subscribe on iHeartRadio, Apple Podcasts, or Spotify.
'Debt becomes more like a rent payment that people get so used to paying.'