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Thread: new zealand to ban foreign home buyers

  1. #31

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by Organ Morgan. View Post
    Average UK house price is 226K (gulp), average UK annual wage is 27K. Historically a typical UK home cost three times a typical yearly wage, now it's almost times nine. Youngsters today have a lifetime of debt servitude ahead of them just to keep a roof over their head.
    And that is before you take their student loan debt into account.

  2. #32

    Re: new zealand to ban foreign home buyers

    Fortunately for the government, the head down, nose three inches from the mobile young uns appear to be in the majority.

  3. #33

    Re: new zealand to ban foreign home buyers

    Quote Originally Posted by Mambo View Post
    The problem is - if you have no right to buy, you are telling the occupants of the council house - they will be renters forever and never own their own home - is that a problem for you ?
    Not at all. Renters are only ever likely to own their home if their financial situation improves to the state where they arguably don't have a need for social housing.

    Social housing stock should either be replaced 1-for-1 for every one sold or they shouldn't be sold at all as it removes the stock for people needing to add themselves to ever lengthening waiting lists for one.

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