The sure fire way that a young person can own a house in Auckland

The Herald is getting a bit of a bashing on social media for its latest in a long series of articles about young people who have been able to own houses in Auckland.  The article is here.  If you prefer to avoid the clear clickbait nature of the article here is a synopsis of what is required for a young person to own a house in Auckland,  and the answer is not to give up lattes or smashed avodaco:

  1. Buy on the outskirts of Auckland where the prices are more reasonable.
  2. Have a good job, it helps to be a unionised job, that is well paid and lets you work lots of overtime.
  3. If necessary get a second job and work up to 97 hours a week.
  4. Live at home rent free if you have the chance.
  5. Rent out spare rooms to friends.

And this is by far the most important thing that a young person can do to make housing in Auckland affordable:

6. Find a functional time travel machine and go back 5 or more years.

See it is as easy as that.  The Herald said so.

 

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