The New CS Board

[jumanji0881]

Housing -
Kiwi Soars After New Zealand Central Bank Asked To Add Home Prices To Monetary Policy : https://www.zerohedge.com/markets/kiwi-soars-after-new-zealand-central-bank-asked-add-home-prices-monetary-policy

My comment: A lot of RE analysts argue that there is no housing bubble in the US since the conditions are not like 2008. They say lending standards are tighter and buyers have equity. But that is just not true. Everyone and their dog can buy a house now even with the prices going through the roof. With as little as 3% down and mortgage rates below 3% a lot of people can buy a house. I'm expecting the housing market to really crash and a lot of buyers will be left with negative equity.

Excerpt:
The problem is that just like in the US, this has translated into runaway house inflation. Home prices, which were expected to drop in the pandemic, have jumped with a record low policy rate of 0.25%. Average prices gained an annual 8% in October, spurring Robertson to urge the RBNZ to consider how it may contribute to a stable housing market.