Housing bubble about to pop, Bryan Gould predictsGEORGE HEARD/FAIRFAX NZ Former British policitician and Waikato University vice chancellor Bryan Gould says the housing bubble is about to burst. New Zealand's housing bubble is about to burst, former British politician and former Waikato University vice chancellor Bryan Gould says. This conundrum had happened in effect because the Rogernomics of Roger Douglas under Prime Minister David Lange brought inequality to New Zealand, Gould said. Yes, land needs to be released for building, but that wasn't the only key to solving the housing problem, Gould said. However, banks that continued to lend up to nine times people's salaries were contributing to the steep house prices and housing unaffordability.

Source: Stuff June 23, 2016 06:03 UTC