this post was submitted on 15 Feb 2024

33 points (94.6% liked)

Aotearoa / New Zealand

1657 readers

4 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

For politics , please use !politics@lemmy.nz
Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
If you need help using Lemmy.nz, go to !support@lemmy.nz
NZ regional and special interest communities

Rules:

Don't be a dick

FAQ ~ NZ Community List ~ Join Matrix chatroom

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago

MODERATORS

33

First-home buyers ‘are rich people’ - economist (www.rnz.co.nz)

submitted 9 months ago by BalpeenHammer to c/newzealand

9 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Anticorp@lemmy.world 5 points 9 months ago* (last edited 9 months ago)

Mortgage repayments as a percentage of gross annual household income were at 49 percent in the fourth quarter of last year. Since the first quarter of 2022, this measure has been in a range of 49 percent to 52 percent.

That doesn't sound like rich people to me. It sounds like people desperately trying to escape renting, and own their own home.