this post was submitted on 21 Nov 2023
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Aotearoa Daily Kōrero 22/11/2023 (self.newzealand)
submitted 1 year ago by absGeekNZ to c/newzealand
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Welcome to today’s daily kōrero!

Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!

Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.

So, how’s it going?

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[–] Dave 2 points 1 year ago

In theory we buy a new place a little better than our current one and sell the current one, leading to only a modest mortgage growth. But that modest growth is the entire size of our mortgage from our first home we bought.

I think we need policy that pushes for more new housing, especially building upwards. The cost of houses is directly related to the supply/demand issue, and right now supply is still short of demand.