Written By: - Date published: 11:31 am, November 29th, 2016 - 9 comments
Andrew Little was on RNZ this morning talking housing affordability. “The amount people are having to borrow for their first home has increased 43 percent in the last two years.”
Written By: - Date published: 9:22 am, November 9th, 2014 - 79 comments
Fifty year mortgages are here, and as usual the game is rigged against the ordinary buyer. Madness.
Written By: - Date published: 12:47 pm, May 30th, 2010 - 19 comments
National’s second budget has induced a lot of inflation – 5.9% over the next year. Interest rates on term deposits are just 4.4%. Collectively, New Zealand’s savers will be $2.3 billion worse off in a year’s time than they are now, thanks to the Budget. The flipside is the real value of mortgages will fall. Borrowers win and savers lose. I thought English said he was encouraging savings.
Written By: - Date published: 1:30 pm, December 24th, 2009 - 4 comments
In the US it is easier than NZ for home-owners to walk away using the jingle mail options in the US. However in NZ it is far too easy for businesses to do the same. Slate Magazines article “Everyone’s Defaulting, Why Don’t You?” by Daniel Gross points out the absurdity of expecting home owners hit […]