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INSANE TRUTH About NZ Property Market / Ep 338

NZ Everyday Investor

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The Flux Out of Developers

There are developers that are on the ropes right now. They're just a bit late in realizing that the market had pated off and they were still buying land, still trying to sell things at really high prices. Now they're left with a lot of finished stock. That's going to be a problem. And the developers that have had a lot of their funds, so they've taken funds from the public, from wholesale investors, will be under pressure. I think that is probably the slowest train wreck in history.Yeah. Do you see a lot of contagion? Other contagion risks from developers going fast? Yeah.

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