Which is why I prefixed a sentence saying that I am not a citizen of NZ. Despite that, I feel sad for the people in the country who believe that the economic sy

Which is why I prefixed a sentence saying that I am not a citizen of NZ. Despite that, I feel sad for the people in the country who believe that the economic system must not be questioned even when it is clearly working against them. When the housing prices are clearly out of the pockets of the average earner in a country, it is just economic fanaticism to not do something about it. In the US, I've heard that you can be eligible for a home-loan for up to 3 times your annual earning (someone can correct me if I'm wrong on this.) This gives a quantitative measure. Take the number of houses which are priced more than 3 times the median earning of a neighborhood. If too many of these houses are owned by foreigners who are not residents, then legislation is called for. I know it's not free market economics, but I do not believe in needless misery.