this post was submitted on 01 Aug 2026
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Property market's 'longest and deepest downturn' in 30 or 40 years (www.rnz.co.nz)
submitted 1 day ago by Ilovethebomb@lemmy.nz to c/newzealand@lemmy.nz
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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.

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[–] ooo_shiny@lemmy.nz 3 points 16 hours 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.