A recent post on Plebbit’s r/newzealand subforum involved a Boomer crying about having to pay a farmhand $28 per hour […]

Vince shows the numbers on how much a person must earn in order to buy a house in New Zealand

  • HappycamperNZ@lemmy.world
    7·
    11 months ago

    I think housing terms skewes what people need to live as price increases have greatly exceeded everything else - especially when paying off interest is included.

    • Ilovethebomb@lemmy.nz
      1·
      11 months ago

      Yeah, double digit interest rates were the norm for a lot of this time period, meanwhile I first mortgaged my house at 4%.