Arthur Grimes: Would it be possible and/or desirable to engineer a housing market correction?

06/12/2022 22 min Episodio 1
Arthur Grimes: Would it be possible and/or desirable to engineer a housing market correction?

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Episode Synopsis

Dipping our toes into the world of podcasting, we look at whether it would be possible and/or desirable to engineer a housing market correction.That means a deliberate move by the government, with the cooperation of the Reserve Bank, local government and banks, to push house prices down.Such a move would require a government prepared to see house prices fall by a significant amount.We look at why homeownership is desirable, whether it would be possible to engineer a housing market correction, whether it would be desirable to do so, whether a housing market correction could be controlled, and whether homeowners who would be hardest hit by a correction could be compensated.

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