Ridiculous Item of the Day

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.

%d bloggers like this: