3 ms·
You want somewhere that's affordable for 1x yearly wage? Care to point to some time in history that was possible?
by isostatic 8y ago
You want somewhere that's affordable for 1x yearly wage? Care to point to some time in history that was possible?
- lostlogin 8y agoHaving New Zealand cities with average prices at 10x yearly average household income and a NZ average at over 6x is a radical departure from NZ’s historically narrow rich/poor divide. https://www.interest.co.nz/property/house-price-income-multiples https://www.interest.co.nz/property/house-price-income-multi... https://www.google.co.nz/amp/s/amp.theguardian.com/commentisfree/2014/dec/12/how-new-zealands-rich-poor-divide-killed-its-egalitarian-paradise https://www.google.co.nz/amp/s/amp.theguardian.com/commentis...
- isostatic 8y agoChristchurch is 4.87 times median income. New Plymouth 5.03. Hell parts of the capital are under 5x. That's quite a normal multiplier in today's low interest and 2 income world (in parts of London the multipler is 38!) What you're saying is that you can't afford to live in nice areas of Auckland. So don't.