Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by tmnvix on Monday May 27, 2024 @06:58PM (#40495580)

Do you think that a shift in demographic preferences from certain locations in NZ to other locations in NZ is sufficient to explain why - while the overall proportion of dwellings to people was steady - prices rose 250% in 10 years?

Are you sure finance wasn't the main cause?

sources: https://www.oecd.org/els/family/HM1-1-Housing-stock-and-cons... https://www.globalpropertyguide.com/pacific/new-zealand/home...

Edit: Also compare what happened to the money supply over the same period: 2011(NZD180 billion) to 2022(NZD400 billion). https://tradingeconomics.com/new-zealand/money-supply-m3

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Re:Priced out of home ownership – 'It makes me want to throw... by Panzer04 on Monday May 27, 2024 @08:24PM (#40496143)

Neither of these point to any direct causation.

I don't think anyone would disagree that finance has an impact, but these are only indirect evidence.

It seems to me that increasing urbanisation and desire to live in cities could easily have pushed city prices up much faster than anything else, while less populated areas stagnate.

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