PHOTO: CHRIS MCKEEN/HOMED Yolanda O’Neil and her partner Kyle Brown can service a mortgage if they avoid cafes and don’t have Wi-Fi.
OPINION: What does it cost to get on the housing ladder in New Zealand?
A lot; we all know that. Already more than almost any other country in the OECD compared to income, and rising.
It’s getting harder and harder for people without an asset to leverage to purchase their first home.
“But it’s possible!” I hear you say. “All these kids need to do is put down their phones, stop ordering smashed avocado and put in the hard work and make the sacrifice.”
Hard work, sure, if what we mean is having a job and being committed to it and doing it well, so that you earn a decent wage that will ideally increase over time.
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