4. Safe as Houses

For decades, property has been sold to New Zealanders as a sure path to financial security. But history tells a more complicated story.   Maria Slade revisits the collapse of Blue Chip and speaks with investors still living with the fallout years on. Why do cycles of booming property schemes, persuasive marketing and heavy losses keep repeating. And why ordinary New Zealanders continually find themselves exposed to risks they don't fully anticipate?   Economists, financial commentators and a psychotherapist help explore the psychology of chasing returns, the deep Kiwi faith in housing, and whether a changing market might finally force a rethink. Brought to you by BusinessDesk with thanks to The Milford Foundation’s Brian Gaynor Business Journalism Initiative and MoneyHub.   Host, researcher, writer: Maria Slade Producer: Hamish Williams Lead Sound Design: Mick AndrewsAdditional Sound Design: Lara HealyExecutive Producers: Jane Yee and Duncan Bridgeman   https://businessdesk.co.nz/du-valSee omnystudio.com/listener for privacy information.