Housing bubbles here and abroad
Kiwis and Aussies aged 45 and over share one obsessive thought at this moment in time: how will our kids ever be able to afford their own home? Unless the housing bubble bursts, they probably never will be able to, even when the Boomers die off and leave their kids a residual estate. The housing market both here and in Aotearoa has got away from humble wage earners. On my all-too quick visit to the…