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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
4 mins to read

Bubble, yes; crash, no; expelling air, yes

The better description is a correction, a balancing or the achievement of equilibrium.

Sally Lindsay
Fri, 02 Oct 2015

Finance Minister Bill English’s prediction of a house crash in eight years is not washing with AUT construction management professor John Tookey. 

He says while there is a housing bubble and it will inevitably deflate, there will not be a “crash or explosive deflation. It will gradually deflate –

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Sally Lindsay
Fri, 02 Oct 2015
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Bubble, yes; crash, no; expelling air, yes
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