Biggest Housing Downturn in 60 Years. Is This Permanent?
Every downturn brings the same claim: the old rules don't apply, and the market has permanently changed. So how do you tell a normal cycle from a genuine structural shift?
In this episode, Ed and Andrew tackle a listener's question about whether NZ property is broken... or just in a deep part of the cycle.
You'll learn:
- The difference between a cyclical downturn and a permanent, structural change
- What 800 years of financial-crisis data says about "this time is different"
- Three simple tests to judge whether a market has really shifted
Markets always feel permanently broken at the bottom. Whether this one truly is... that's the question worth testing.
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