Bob McCoskrie: Evidence points to social cost of not being able to afford own house

Bob McCoskrie – National Director Family First NZ
NZ Herald February 25, 2008

The debate on home ownership has tended to come from a fiscal perspective – whether the cost of owning a home is out of reach for many families of middle to low income. Since 1991, home ownership rates in New Zealand have fallen from 74 per cent to 67 per cent and most notably for the those in their twenties and thirties – young Kiwi families. But is there also a societal cost of making home ownership a diminishing prospect? Does it really matter whether we own or rent the house – as long as we have a shelter over our head?

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