The effects of COVID-19 and ultra-low interest rates have exacerbated the imbalances in New Zealand's housing imbalances and turned affordability issues into a full-blown crisis. Infometrics Chief Forecaster Gareth Kiernan and Principal Economist Brad Olsen discuss Infometrics’ latest research into the housing market and look at the massive hurdles faced by the young generation of potential buyers whose dreams of a first home look further away than ever.