Quote Originally Posted by Logen Ninefingers View Post
The problem NZ has is that although NZ house prices are falling and interest rates are rising, house prices here are still far too high, along with rents. We therefore have a deep structural problem which will see badly needed skilled workers and younger people going elsewhere. The only way to correct this imbalance is via further steep falls in house prices. And these falls must be very steep indeed at this point.
...and there are only two things that can bring that about ,,,lower demand, or increased supply.