1989 was year zero for Generation Rent

19/04/2017

Bernard Hickey argues on Newsroom that 1989 was the year when New Zealand's housing costs took off and started a massive inter-generational wealth transfer that is showing few signs of being reversed. 

Otago University economist Andrew Coleman demonstrated in a presentation at a Motu Public Policy Seminar earlier this month how this decision alone contributed to New Zealand having the fastest-rising house prices in the OECD since 1990. More...