Blowing Bubbles: Is there a housing bubble in New Zealand?
The Reserve Bank keeps warning us, economists are shifting anxiously and we just keep on borrowing more. Is this history repeating?
Over the next seven days, Stuff is exploring the question of a housing bubble in New Zealand.
* Is there a bubble?
* If so, when will it burst?
* And, what would happen if it did?
We know some people get upset at the very mention of a "bubble".
If we talk up the idea of a bubble, that will increase the odds of it bursting. Perhaps.
But if there is one thing we've learned from the last time house prices collapsed, it's that not talking about it isn't likely to stop it, either.
We know New Zealanders are looking at the numbers coming out of groups like CoreLogic, QV, TradeMe and the Reserve Bank and wondering - when will the madness end?
If anyone knew the answer to that question for sure, they probably wouldn't share it. But there's always guesstimates. Or, as economists call them, "projections".
So let's take a look. In the coming days you'll see video, interactives, analysis and opinion all designed to help you understand what's happening in our residential property market.
On Thursday, reporter John Edens shares his story of a 100 per cent mortgage, a doubling of his home's value and how he almost lost it all.
Susan Edmunds asks: what actually is a housing bubble? And there are opportunities for you to tell us your own housing heartbreak stories or share your ideas for smoothing out the boom and bust cycle.
Watch out for plenty more from now through until next Wednesday, including a very special tool that will bring the reality of a bubble right in to your own home.