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Cash-poor, house-rich: The retirement dilemma driving reverse mortgages
(www.stuff.co.nz)
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this post was submitted on 23 Jun 2026
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"this is what house prices should be."
Should?
Right now the average house price across New Zealand is around 6 times the average income. "Affordable" is when the ratio is below 3. That's what they SHOULD be.
Yeah, but where does that actually happen? And where does the 3x figure come from, I was under the impression 6x was pretty good.