Having just read that 60% of Property Investors have a debt more than 5 times their income and 35 % of home owners are also in the same situation I wondered how many of us are in the 60% and how concerned are we about the RBNZ considering a max. borrowing of 5 times the income (currently it's 9 times)?
Assuming they don't grandfather it then it won't "affect" any investors other than to slow down their buying. Which means we will go to non banks for money or do more trading. It will only affect home buyers really don't you think?