Liam Dann: Does the housing market need a price correction?

Author
Newstalk ZB,
Publish Date
Mon, 29 Mar 2021, 12:25PM
(Photo / NZ Herald)
(Photo / NZ Herald)

Liam Dann: Does the housing market need a price correction?

Author
Newstalk ZB,
Publish Date
Mon, 29 Mar 2021, 12:25PM

Does the housing market need a price correction to get New Zealand through the crisis? 

That's the argument made by NZ Herald business writer Liam Dan.

He wrote yesterday: "Markets where prices never fall are unhealthy and almost always artificially distorted by bad policy."

At some point there needs to be a correction as "corrections lessen the risk of more damaging, uncontrolled crashes."

Dann joined Kerre McIvor to discuss his argument.

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