Dr Michael Rehm: Housing expert says banks are aiding and abetting housing speculation, contributing to crisis
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A property expert says banks are aiding and abetting housing speculation and thereby contributing to the housing crisis.
Auckland University's Dr Michael Rehm says when it comes to speculation, banks take a more relaxed view towards lending to residential property investors than commercial buyers.
And he says the banks are benefiting from that.
Rehm says compared to countries like the United States, a huge amount of New Zealand's market is residential investment property.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.