In this episode, we discuss how bad economics news and scary news headlines are exactly what New Zealand needs (right now).
Inflation is too high and the Reserve Bank needs to get all Kiwis to spend less so that prices stop rising so quickly. So it is a good thing if bad news headlines scare us into spending less.
That will decrease demand in the economy, bringing it back inline with supply, which will then help keep prices in check.
So as property investors and first home buyers, we should be aware that scary headlines and bad news is exactly what the country needs to eventually bring interest rates down.
The Property Academy Podcast