Do you know for sure that the run up in price was not given extra legs by the announcement? After all SUM is now up about 6% since the announcement and 7% over the last two weeks; RYM 9% and 11% respectively. So maybe something to do with Jacinda's resignation?
Anything is possible but it's a sector that had a lot of positive sentiment that then turned into a lot of negative sentiment that eventually looked over done.
Do you know for sure that the run up in price was not given extra legs by the announcement? After all SUM is now up about 6% since the announcement and 7% over the last two weeks; RYM 9% and 11% respectively. So maybe something to do with Jacinda's resignation?
American markets up as well since Jacinda resigned. Amazing eh !
How was She destroying housing market ? Want to know your thoughts ...
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
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
She did all what all wanted including RBNZ to reign in property speculation ...also I dont think anyone will unwind what she did ...so how her resigning is giving hope to people that housing can re inflate or reignite ? Fails me to see her connection to controlling housing bubble ...that her going away will help it become better ....but all have their own opinions and I respect that ....
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