Tony Alexander
  • BNZ chief executive Anthony Healy has backed away from controversial comments made by his chief economist.

Tony Alexander sent a column out to subscribers last week in which he said young people should take some tips from the older generations if they want to own a house.

He said young people wanting a house should buy a “dunger or even a meth house to strip, and do it up”. “Basically be prepared to do what the Boomers did in many instances,” he said.

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Tony Alexander said young people priced out of the market are wrong to point the finger at retirees.