In this episode, we discuss how to spot a slump in the property market, with specific reference to Christchurch and the Canterbury earthquakes. Our key takeaway is that although we can all identify what a slump looks like in the text books, a real property slump (especially in the main centres) looks less like a downturn and more like a prolonged stagnation / flattening of property prices.
We present a new model for looking at and considering slumps, which comes from Tony Alenders's economic reports. You can find the report we discussed here.
We also mentioned the Epic Guide to Mortgages, which is our 9,500-word guide on how to get a mortgage, and then pay it off more quickly.
