In an ideal & ultimately fair world, everyone will own their own home. No one would rent. (Maybe short term visitors) The basic need of shelter would not be a source of wealth for a minority population of investors. (Not talking about tourists & travellers) Homes are not investments. The price of building materials needs looked at seriously in NZ in context of global comparison. 2 major NZ building supply companies have been found guilty of collusion & price fixing. I guess the fine was a small price. There are a number of ways to reduce or eliminate house price increasing beyond affordability. These measures would be non PC, appear to threaten a free market & be unpopular among the wealthy or those trying to be wealthy. It would also take more courage than the NZ government or NZ people could muster. But they would work.
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