Latest / Early Edition with Ryan Bridge
Ryan Bridge: How low is too low for house prices?
How much do you really want the value of your property to fall?
Plenty of us say we want cheaper house prices, but do we really mean it?
Once you own a house, you usually have mortgage on it. The less your house is worth, the less equity you have.
Your net worth goes backwards.
In New Zealand, half of the average household’s wealth is land and property.
That is now worth 1.9% less today than it was a year ago.
Overall household wealth in this country has basically been flat for four years. That means we’re not getting richer and it’s because house prices have been soft.
Is this what you want…
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