Shamubeel Eaqub (‘‘The future just got murkier’’, Business, October 22) correctly identifies household debt as the big challenge presented to the incoming government. Most of such debt is held in over-priced real estate, financed by people who are already mortgaged up to the limit of possibility. The first one to blink and instruct his agent to sell at market price will start the slide. It’s all so predictable.
Mike Hinstridge, Auckland