Patrick Boyle on the New Zealand housing Bubble and Burst

[edit: patrick boyle is currently a professor at a university in the UK. He used to be a trader, his youtube channel is quite entertaining] https://www.youtube.com/watch?v=qROG2uXPChY Patrick Boyle uses New Zealand’s housing bust as the warning example here. At the peak, an Auckland “dunger” sold for NZ$1.81m, and average Auckland homes were around 35x median income. Since then, prices have dropped hard, recent buyers are stuck in negative equity, and a bunch of construction firms have gone unde