this post was submitted on 27 Sep 2023

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What Would Be A Fair Wage Today, In Housing Terms? (vjmpublishing.nz)

submitted 1 year ago by jeff11@lemmy.nz to c/newzealand@lemmy.nz

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Vince shows the numbers on how much a person must earn in order to buy a house in New Zealand

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[–] HappycamperNZ@lemmy.world 8 points 1 year ago (1 children)

I think housing terms skewes what people need to live as price increases have greatly exceeded everything else - especially when paying off interest is included.

[–] Ilovethebomb@lemmy.nz 1 points 1 year ago

Yeah, double digit interest rates were the norm for a lot of this time period, meanwhile I first mortgaged my house at 4%.