5 ms·
Its not a matter of asking other people to pay, it's a matter of there not being enough housing stock and houses being seriously unaffordable relative to wages.
by peterashford 8y ago
Its not a matter of asking other people to pay, it's a matter of there not being enough housing stock and houses being seriously unaffordable relative to wages. BTW: NZ workers do the OECD average amount of work per year.
- kovrik 8y agoThat is what concerns me: if they can't afford a house, then why don't they buy an apartment? There are apartments in Auckland for $300-400k, which is even cheaper than affordable KiwiBuild houses ($500-650k).
- lancewiggs 8y ago$3-400k gets a tiny 1 bedroom apartment downtown, which I would have loved early in my career. The kiwibiuild homes are being aimed at families and necessarily much larger. I do agree that NZers have this strange desire for bungalows in the suburbs, commuting and mowing lawns. I'm in an apartment downtown and love it.
- Max_aaa 8y agoAnd how much are yearly Body Corporate Fees for these apartments? Also have you look at the minutes from BC meetings? Going through just a handful will turn you off purchasing an apartment in no time.