Owning a home provides security that no amount of rental law cannot.
The trouble is that house prices do not reflect the cost of owning a home. They reflect the cost of the expected medium-term capital gains (post bright-line). It wasn t a problem when they reflected the expected gains upon retirement and downsizing, but now who honestly expects to be in that house for thirty years? Or do they
expect to flip it in ten years or so?
Ad 1.2.1.1.2.1
Agree with the security bit. I ve seen the pro s and cons of home ownership debated at length in New Zealand literature. They re pretty even.
Overstretched, underfunded and inequitable: incoming Health Minister Andrew Little warned system is under immense strain
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Christchurch terrorist s racist views traced to when he was 12
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Christchurch massacre: an Australian crime
Husna Ahmed was a wife and mother who migrated from Bangladesh to New Zealand, where she used to teach children and help to care for the elderly at her local mosque.
When the Australian terrorist began to slaughter the fellow members of her congregation at the Masjid Al Noor last year, she ushered the other women and children safely towards a side exit, before returning in search of her husband, who has been a paraplegic since a hit-and-run accident six years earlier.
“
Ko tō tātou kāinga tēnei” – a title that translates to “This is our home” – the report by the Royal Commission of Inquiry into the Terrorist Attack on Christchurch Mosques on March 15, 2019, opens by acknowledging Ahmed’s name, along with those of the other 50