Auckland Housing Affordability

[McDuck]

Yesterday in wellington was the first nice warm day of the Spring/Summer - I headed into town late in the afternoon for a quite drink. Down at the waterfront we found 2 bars with queue's out the door of people with fists full of $$ waiting to purchase beer/wine by the glass for $10+ per glass.

I wondered as I waited in the line to order one beer and one wine for $20.50, is it possible these are the same folk complaining they can't afford to buy a house?

I'm not saying these folks shouldn't enjoy a drink in the sunshine but I am saying your choices have impacts on other parts of your life.

Ha.

One small problem with your calculation.

120 glasses of beer a day, every day.

That's the amount of beer that a single person would have to NOT buy, just to keep up with house price inflation.


A person on very good money could only afford to buy 16 glasses of beer in a day.

leaving no money for food or any living expenses.

Plus you would be dead in about 10 years. (liver failure).

Your theoretical saver would be dead in 1.2 years.



This is why fights break out a pubs.

The sort of thinking done in lines at pubs isn't of the highest quality.

I know, who would have thought.!

[NomoneyNotalk]

So it has been unaffordable since 2014