Re:New Zealand Passes Law to Crack Down on Foreign Home Buyers
by lostlogin on Wednesday August 15, 2018 @02:30PM
(#17768488)
There aren’t any cheap locations. Fractionally less expensive, but still many multiples of a yearly wage.
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Re:New Zealand Passes Law to Crack Down on Foreign Home Buyers
by isostatic on Wednesday August 15, 2018 @04:24PM
(#17769436)
You want somewhere that's affordable for 1x yearly wage? Care to point to some time in history that was possible?
Re:New Zealand Passes Law to Crack Down on Foreign Home Buyers
by lostlogin on Wednesday August 15, 2018 @08:02PM
(#17770812)
Having New Zealand cities with average prices at 10x yearly average household income and a NZ average at over 6x is a radical departure from NZ’s historically narrow rich/poor divide.
https://www.interest.co.nz/property/house-price-income-multi...
https://www.google.co.nz/amp/s/amp.theguardian.com/commentis...
Re:New Zealand Passes Law to Crack Down on Foreign Home Buyers
by isostatic on Friday August 17, 2018 @04:35AM
(#17781209)
Christchurch is 4.87 times median income. New Plymouth 5.03. Hell parts of the capital are under 5x.
That's quite a normal multiplier in today's low interest and 2 income world (in parts of London the multipler is 38!)
What you're saying is that you can't afford to live in nice areas of Auckland. So don't.