Matt Ryan reacts to the Reserve Bank's negative equity warning

Tough times ahead for mortgage holders. The Reserve Bank has predicted lending rates and household debt will continue to rise, while house prices will trend downwards. They're now warning around two percent of Kiwis are facing negative equity, where people owe more than the value of their house. There's fears that could even rise to 35 percent if house prices continue to fall. Property expert Matt Ryan shares his thoughts with Nick Mills.  LISTEN ABOVE   See omnystudio.com/listener for privacy information.