No flared trousers, please, but housing parallels to the 1970s are eerie

No flared trousers, please, but housing parallels to the 1970s are eerie
A "motivated" seller in Karori is offering a bargain. (Image: Ray White)
Jenny Ruth
Last week's housing data from the Real Estate Institute was scary stuff.All last year, I was incredulous that it seemed no matter what was thrown at the housing market to stop the galloping house price inflation we were seeing, nothing was working.Adverse tax changes, turning the immigration tap off, loan-to-valuation restrictions on mortgage lending and record levels of house building didn't appear to make a dent in the upward momentum.But it seems it's like an ocean liner, slow to move, and now it finally has turned. Or perha...

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