This is what a real housing crash looks like
As the falls in Australian housing prices continue to grow in size and scope, many Australians are increasingly wondering how far prices could fall before they eventually bounce back. Across the Tasman in New Zealand, we have a real-life example of what happens when an overvalued housing market takes a dive without policymakers riding to The post This is what a real housing crash looks like…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
