Property to Crash in 2022? Ep 217
b'As mentioned - find the revised Episode 215 here: https://player.captivate.fm/episode/2a4e11e2-6652-409b-be50-e57ccbef838c \\n\\nCheck out a short video on this topic that I made in September 2021: https://youtu.be/AHzA-z8G4XA\\n\\nSign this petition now! https://www.parliament.nz/en/pb/petitions/document/PET_118382/petition-of-john-bolton-urgently-rework-responsible-lending\\n\\nLearn more about Squirrel \\u2013 you can start here: https://www.squirrel.co.nz/invest/investing-in-home-loans\\n\\nOf course, industry players like John Bolton, and myself, have a vested interest to see this legislation chucked in the bin. That\\u2019s a conflict that should be disclosed here from the outset and while I believe this is more about all Kiwi\\u2019s rather than just property owners, that would explain partially at least, why people like us are speaking out about it.\\n\\nIn a world where the free market is significantly restrained however, there are more calls than ever to intervene with even more band aids, instead of ripping them off.\\n\\nCameron Bagrie says:\\n\\n\\u201cWe can talk about the CCCFA and its unintended consequences etc etc etc, but somebody has got to step in and think about the bigger picture here. An 11% rise in housing debt in 12 months is not normal, it is not sustainable. Income growth has been about 6%. Now that makes absolutely no economic sense to me.\\u201d\\n\\nhttps://tmmonline.nz/article/976519854/cccfa-bad-law-but-huge-growth-in-credit-is-the-bigger-picture\\n\\nSo are the consequences unintended, or convenient \\u2013 that\\u2019s what I\\u2019m wondering.\\n\\nShifting more to the political sphere, here\\u2019s what Jacinda Ardern wants: We should be \\u2018\\u2026bringing [them] back to levels that we were at only a year or two ago\\u2026\\u2019\\n\\nhttps://www.rnz.co.nz/news/political/457683/ardern-wants-runaway-increases-in-house-price-growth-to-stop-in-2022\\n\\nIs it reasonable to assume that as well intentioned as our current government is, that they can actually engineer a soft landing and not over-shoot?\\n\\nTime will tell\\u2026'