News » 1989 was year zero for Generation Rent
1989 was year zero for Generation Rent
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...