Many people facing the prospect of Repossession are not aware of their options. It's an unfortunate fact that lenders do not listen to people's reasoning for falling into arrears and would rather take possession than come up with a viable solution.
On February 12 this year we wrote that New Zealand house prices were 30% over valued and that a significant correction was underway. On March 14 we were the first to report the BNZ's brave forecast of a recession in the first half of 2008. We used the same headline as the research note: "Recession!" in our report. It was the first time I've seen a bank economist use an exclamation mark to announce a research note.
Many people facing the prospect of Repossession are not aware of their options. It's an unfortunate fact that lenders do not listen to people's reasoning for falling into arrears and would rather take possession than come up with a viable solution.
RepossessionInfo 3 years ago
On February 12 this year we wrote that New Zealand house prices were 30% over valued and that a significant correction was underway. On March 14 we were the first to report the BNZ's brave forecast of a recession in the first half of 2008. We used the same headline as the research note: "Recession!" in our report. It was the first time I've seen a bank economist use an exclamation mark to announce a research note.
ofInterestNZ 3 years ago