Reserve Bank Governor warns against overborrowing - risk of house value falling below the amount borrowed
Tuesday, October 14th 2003, 6:45PM
by The Landlord
The on-going housing boom is continuing to concern the Reserve Bank Governor.
Alan Bollard says too many people may be over exposed to real estate investment and are taking higher investment and borrowing risks than they realise.
He told a business meeting in Auckland last night that he is concerned about the potential downside for individuals, the financial system and the economy.
