Retirement village operators

[Bjauck]

removed interest deduction for property owners which caused many to sell and many others not to buy which helped contribute to a housing crisis as investors left the market for long term rentals
RB and labour caused an artificial boom in house prices by printing to much
now people will get destroyed in housing by the rate rises caused by this

anyway some hope is returning as witnessed by retirement stocks rising the last week odd as the leader of this madness has gone

During the Covid fall in in interest rates, Certainly Labour could have put a cap on residential mortgage lending and the LTV easing should not have gone ahead. In NZ especially that was an invitation for a residential land price bubble and hey presto! It happened. From April - December 2020 LTV restrictions were lifted. The RBNZ/Government waited too long before tightening LTV.

https://www.rbnz.govt.nz/regulation-...o-restrictions