New Zealand's housing market is going through the longest and deepest downturn in 30 or 40 years, property data firm Cotality says.

I love it when our media tries to pretend good news is actually bad news. Houses are more affordable than they’ve been in decades, first home buyers are actually able to buy, investors are fucking off.

Good times.

  • ooo_shiny@lemmy.nz
    5·
    3 months ago

    In an ideal world, housing costs would be more predictable so that ordinary people can plan around them and get on with their lives. We purchased in the last few years and are not badly off, but could have done without the $100k haircut in our bank equity. Sure, doesn’t affect us too much, but makes renovations harder.