DTI

…DTI, like I'm really close friends with Nick Feast who's a director there.…

…For anyone who doesn't know what DTI is, it's debt-to-income ratio, which is another kind of like handbrake that the Reserve Bank put on...…

…The thing about your suspicion that Christchurch will outperform Auckland, I think is obviously quite correlated with the DTI side of things, where Auckland was really stretched at DTI and crashed really hard, but Christchurch's DTI wasn't stretched anywhere near as much and remained quite buoyant through the crash.…