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Housing bubble a risk to NZ economy - IMF

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  • Housing bubble a risk to NZ economy - IMF

    From Stuff 19/3/2013

    A warning has been sounded over the risk of New Zealand house prices ''overshooting'' as the Government signals possible lending restrictions.
    Source
    Patience is a virtue.

  • #2
    I heard drinking too much water can kill you as well.

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    • #3
      I don't think any Government wants property prices to actually decline.
      "Hey, vote for us. We'll make your house worth less".

      What they really want is is a reduction in the rate of price increase.

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      • #4
        http://www.stuff.co.nz/business/worl...ng-home-buyers

        Britain launched incentives to help struggling home buyers as the government looks to support growth in a real estate market it sees as key to reviving the country's ailing economy.
        Finance minister George Osborne said Britain would commit £3.5 billion ($6.4 billion) over the next three years to shared equity loans for new-build homes worth less than £600,000, allowing buyers to purchase them with a 5 per cent deposit.
        "For newly built housing, government will put up a fifth of the cost," he said in a budget speech to parliament. That loan would be interest-free for five years and the scheme open to all buyers.

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