Will the pension be enough if you have to rent in retirement?
https://www.nzherald.co.nz/business/...MTVA4WH5X4HYE/
The number of retirees renting is rising and the article suggests they might struggle, but what they don't understand on the other side, the owner of the property will be getting RBNZ guaranteed capital gains creating the "wealth effect" which is good for everyone, or at least that is what Adrian thinks. I am unsure how many houses he has though, so his views could be skewed.
Also in the news today "middle aged couple buy a home in Auckland" that must be quite news worthy.
https://www.stuff.co.nz/life-style/h...in-the-regions
How we contribute to society could be part of the inequality problem. Who knew?? but we know neither Labour or National will change it. To be honest complicating GST doesn't appeal but a capital gains tax does. Also change the inflation target to -2% to +2%.
https://www.msn.com/en-nz/news/natio...ca8c6b65841ef0