New Zealand solved housing in the 1940s and 1950s. In the 21st century, New Zealand is notable for having extremely high house prices and rents relative to medi

New Zealand solved housing in the 1940s and 1950s. In the 21st century, New Zealand is notable for having extremely high house prices and rents relative to mediam income. On charts produced by the Economist magazine, NZ is regularly top or second for "most expensive housing". It's not uncommon for over 50% of a NZ household's net income to be going on rent. People are renting tin sheds to live in because there's nothing else.[1] New Zealand needs to solve housing. 1. Having said that, the average NZ house built in the 1960s through the 1990s is worse than most tin sheds to live in. Colder and moldier.