Good news everyone – the housing crisis is solved! As reported in The Herald:
Home truths: ‘Ditch the Sky and start saving’
Many house hunters who say they can’t afford to buy a home in Auckland need to give up their Sky TV or expensive cars and just save harder, says a mortgage broker.
John Bolton, chief executive and founder of Squirrel Home Loans, said many people were on good incomes but refused to give up on the latest and flashiest possessions in order to save for their first home.
Just give up Sky! It’s so simple!
Ok there’s one small glitch. Given the monthly saving from axing Sky, Matt Nippert points out that it will take you 70 years to save a 100k deposit. Which does seem like a long time to impatient young people.
But I have found the answer! Just give up Sky 70 times, and you have the deposit in a single year! It’s so genius I can’t believe that no one has suggested this before!
Serious responses to the nonsense: Drop Sky? That won’t get me a house
Based on 15% price rises and current median price, in Auckland you need to save $473/week just to keep pace with deposit appreciation.
— Matt Nippert (@MattNippert) April 22, 2016
Government cancels all its Sky subscriptions. Budget restored to surplus.
— David Slack (@DavidSlack) April 22, 2016
When a Baby Boomer sees someone spending money on a coffee, it angers them because that $5 could have been more rent money for them.
— 🇳🇿🥝 Shackleford Hurtmore (@Not_shax) April 21, 2016