MET - Metlifecare - one for the fundies?

[Balance]

Auckland house prices to boom

Auckland's next house price boom could be on the verge of taking off, leading to warnings to first-home buyers to buy now or risk being locked out of the market forever.



https://www.nzherald.co.nz/business/...ectid=12280515

It’s a Westpac economist report so take it with a grain of salt but whatever it’s the sort of news MET Shareholders love

Irresponsible recommendation imo.

So says the bank economists who are anxious about their jobs due to the disproportionate exposure their banks have lent to the housing sector.

Wonder why the banks are putting the squeeze then on developers and land bankers (who have borrowed money from them) to sell down developments and land to pay down debts.

Surely the market taking off will take care of the problem?

Interesting, isn't it?