Housing bubble could destroy productivity
“Households accumulate debt as house prices increase, leaving them vulnerable to housing and labour market shocks.”
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A new Australian report links rising house prices with lagging productivity, higher debt and poor economic performance, which paints a sobering picture.
House prices in New Zealand have been rocketing up 16-20% a year over the past few years, although they have pulled back in the past two
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Sally Lindsay
Wed, 19 Oct 2016
Wed, 19 Oct 2016
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Housing bubble could destroy productivity
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