NZ 1st homebuyers are ScReWeD...

[Aaron]

Two articles together on interest.co.nz

https://www.interest.co.nz/property/...1-june-quarter

The cost of building a standard three bedroom house declined by 1.1% in the June quarter

https://www.interest.co.nz/economy/1...bank-performs-

Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting

You either want affordable housing or you don't.

Get rid of inflation targeting and you might get affordable housing. Sad that the speculators have Adrian and the govt (Labour or National) on their side.

[kiora]

"Sydney turns to pod housing to ease rental crisis"
https://www.macrobusiness.com.au/202...+rental+crisis

Reminds me of HK Hotels? Also doesn't Christchurch have a pod hotel?

https://www.lylo.com/christchurch/?g...SAAEgJaYvD_BwE

& the notorious "The Hotel has been developed by Dave Henderson"
https://www.trendhunter.com/trends/so-hotel

[Aaron]

Thought this might discuss solutions for housing but is an article about a charity helping poor families take on more debt, although it sounds like it is working.

https://newsroom.co.nz/2024/07/23/ch...ousing-crisis/

Bernard Hickey in the article suggests a capital gains tax to help alleviate the problem but my understanding is that Australia and Canada both have capital gains tax and house prices like ours, so that can't be the reason.

Perhaps easy money and low interest rates as well as an inflation target is the problem rather than the solution as it is currently being touted.

https://www.rnz.co.nz/news/political...with-new-homes

At least Chris Bishop is trying.

Tiny apartments sounds like a great solution for a third world s*ithole country, great vision for the nation from Chris Bishop, interesting where both Labour and National see us heading as a nation.