Latest / The Kākā by Bernard Hickey
Thursday's Chorus: Less stressed than most
TL;DR: Our poorest young renters remain the most stressed in the world, despite high-profile reports that young home owners face rising mortgage stress. Defaults and forced sales are near record lows and overall mortgage stress is still well below levels from 2008.
Here’s the rest of my 6 things at 6 am with more analysis and detail in my Dawn Chorus podcast above with the best background native bird noises;
* The Reserve Bank warned in its Financial Stability Report yesterday of more financial stress among younger borrowers who took out big mortgages from 2020 to 2022, but says bad debts and…
The skinny
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