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Brilliant documentary with very helpful information. As a single girl who once owned a home with a partner only 7 years ago, and it was achievable and manageable I now can't see a way I can do it solo on an average income that I've worked my way up to over the years. Needed this doco to help me understand things better, gives a fair bit of clarity for deciding on the upcoming election
house prices rising becasue of the free market over the last 30 years since it began and ignorance towards foreign buyers to blame with no data collection of how much they are buying which is affecting the market and locals getting into ownership. The national government shows no sign of reigning this in. Go Labour! put a ban on overseas buyers.
We cannot buy land in China so why should the Chinese be able to buy land here? No one should be able to buy land in any country unless they are a citizen of that country.And yes the global economy model is a disaster that puts the bulk of the wealth in the hands of the greedy minority.
It confirmed a lot of things, even if it was a bit of an eye opener. Some of the alternatives, particularly in Germany was very interesting. As usual efficient and innovative.
Yet there are still hundreds of houses for sale.. maybe if you hadn't ruined your credit rating buying crap cars and iPhones you could get a loan..
Just like Nicky Hagar launching a book we can expect the hard lefts fan boy Bryan Bruce to bludge off the taxpayer for a piece of (largely unfounded) propaganda each election.
What where you watching? Rogernoics was the precursor and allowing foreign banks to take over the first home mortgage market. These banks saw a hole and rubbed there hands together and went for it. He talked about foreigners now but the foreign banks way back have been sucking nz people dry and sending profits off shoe. Can't blame any one political party for this problem. No political party kept any data over the years. As he said at the end of the story he didn't know who owned nz
It was a good honest watch and presented credible facts.
Some will like it and some won't like it but facts are facts.
Just want to let people know the teacher would still be able to buy a house for two years wages in Invercargill and probably secure a very good job teaching
Hayden Parkinson extremely relevant, give this a read. He's summarising the shift to neoliberalism in the late 1980s-1990s
"Our market-driven economic system has created huge income inequalities that didn't exist 30 years ago."