From the Herald.
Even the well-off are faced with a lifetime of renting, locked out of homeownership by escalating house prices, a report released by property consultants DTZ today shows.
I accept that buying a house in Auckland City (or North Shore) is expensive, and now too expensive for most. However, a couple with joint incomes should be able to afford a nice house in many nice areas – if they applied themselves to saving a deposit.
Most couples starting out should be able to afford a Central city apartment. Most should also be able to afford something in the outer reaches of the city.
And of course, most places outside of Auckland don’t have a problem at all.
Or those who owned a house before 2003.
But fear not, the Government will save us all with some massive, crazy scheme that involves pouring zillions of dollars into something.
Something should go here, maybe later. 