Generation Rent: Rethinking New Zealand's Priorities
Increasing numbers of young New Zealanders rent, rather than own, their homes. In this BWB Text, Shamubeel and Selena Eaqub assess what this means for our country's pervasive culture of home ownership.
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Description of this Electronic Book
The decline of home ownership has struck at the heart of the Kiwi dream - so perhaps it is time to fashion a new one.
House prices may boom or bust but the long-term trend is clear: for more New Zealanders than ever, home ownership is out of reach. Incomes simply have not kept pace with skyrocketing property prices. 'Generation Rent' calls into question priorities at the heart of New Zealand's identity.
In this BWB Text, Shamubeel and Selena Eaqub investigate how we ended up here, and what can be done to ensure all New Zealanders - home owners and renters alike - live in affordable and secure housing.
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Shamubeel Eaqub (CFA) is a Principal Economist at the New Zealand Institute of Economic Research. His focus is in analytical frameworks to aid economic forecasting, commentary and incisive research into topical areas of economics.
Selena is a self-employed economist - most interested in data analysis, forecasting and finding solutions for practical business problems. She is also part-owner and contributing advisor to Montoux Limited - a Wellington start-up that is building a better online financial and market analysis platform. Selena grew up in West Auckland and has a BCom (Hons) in Economics from the University of Auckland. She previously worked at Statistics New Zealand and Goldman Sachs JBWere Asset Management.