Some commentators talk about housing affordability, especially in Auckland, as being a new problem blamed mainly on value increases over the past few years. Being able to afford a home is measured using a combination of factors including cost of property, average income and the prevailing interest rates.
I read an article on a young lady who at 21 has purchased her first home. Colleen Hawkes wrote the following article on Kristi Atkins, was good news for the soul. Not only is this a good news story but food for thought for any parent worried about their children not being able to purchase a home.
Another year, another article on housing and interest rates. I am not surprised really. Is it our property obsession or is it that we crave to know that we have done the right thing. Opinions and information can be found everywhere. The question is how do we determine what is right and what is well, just fish and chip paper.