Owning a home has benefits for mental & physical health & job security. It lowers crime & welfare dependency & increases asset wealth & education.
• Study says getting lower-income families into home ownership won’t just ease the housing crisis – it will have social, health & economic benefits.
• Moving them out of social housing or poor-quality private rentals into home ownership could save the country millions, while boosting jobs & the tax take.
• IMF survey showed New Zealand had the second highest growth in houses prices in 2015, & the highest jumps – relative to income – of any country.
• The survey showed the situation was grave, but was being dealt with from a policy perspective rather than a social housing & home ownership angle.
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