Business
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.