this post was submitted on 15 Feb 2024
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First-home buyers ‘are rich people’ - economist (www.rnz.co.nz)
submitted 9 months ago by BalpeenHammer to c/newzealand
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[–] RecallMadness 7 points 9 months ago

Yep, let’s keep lowering the bar on “rich” so the actual rich can hide away while we start to attack our neighbours and friends who more than likely got a little lucky once.

I’m not saying FHBs are “poor”. Yes, they’re better off than most. But I don’t think lumping them in with the “rich” is fair. They’re not buying Maseratis, or building a property portfolio, or sitting pretty on 500k CEO salaries.