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  1. #1
    Join Date
    Jul 2017
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    305

    Default Has anyone witnessed firsthand a property price bubble? What does it look like?

    Just wondering if anyone has witnessed firsthand a property price bubble and can share their experiences

    1) what did you see was happening at the height of the property price bubble?
    2) what happened afterwards?

  2. #2
    Join Date
    Sep 2007
    Location
    Auckland
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    8,426

    Default

    Google mate.
    Squadly dinky do!

  3. #3
    Join Date
    May 2008
    Posts
    3,691

    Default

    We've never had one in NZ so you may not get many witnesses.
    At least, no living NZer has experienced one in NZ.
    Some countries have had housing bubbles that burst - you should google them.
    NB If it doesn't burst then it wasn't a bubble.

  4. #4
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    Auckland
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    Quote Originally Posted by Bob Kane View Post
    We've never had one in NZ so you may not get many witnesses.
    At least, no living NZer has experienced one in NZ.
    Some countries have had housing bubbles that burst - you should google them.
    NB If it doesn't burst then it wasn't a bubble.
    Hint Bob: 1987...
    Squadly dinky do!

  5. #5
    Join Date
    May 2008
    Posts
    3,691

    Default

    Hint: check the property price index.
    How big was the drop and how long before it recovered?
    The sharemarket tanked but housing didn't.

  6. #6
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    Sep 2007
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    Auckland
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    Default


    The trend is up, but couple of dips there mate.
    Squadly dinky do!

  7. #7
    Join Date
    May 2008
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    3,691

    Default

    Going from memory - yeah, that could be a risk - any dip in one quarter was matched by a gain in the next.
    So we didn't have a crash, just a few dips that quickly recovered.
    It was carnage in the rest of the NZ economy but housing was pretty solid after 1987.

  8. #8
    Join Date
    Sep 2007
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    Auckland
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    Default

    Quote Originally Posted by Bob Kane View Post
    Going from memory - yeah, that could be a risk - any dip in one quarter was matched by a gain in the next.
    So we didn't have a crash, just a few dips that quickly recovered.
    It was carnage in the rest of the NZ economy but housing was pretty solid after 1987.
    You were an adult in 1987?
    Squadly dinky do!

  9. #9
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,250

    Default

    I was and I can vividly recall the mortgage interest rates, back then.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #10
    Join Date
    Sep 2014
    Location
    South Canterbury
    Posts
    513

    Default

    Quote Originally Posted by Perry View Post
    I was and I can vividly recall the mortgage interest rates, back then.
    1970-75 was a major dip!


 

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