We don’t have a housing crisis, we have a crisis of aspiration – Stuff.co.nz

OPINION: We dont have a housing crisis. If we did the streets would be paved with the homeless and our cities blighted with shanty towns. What we have is a crisis of aspiration, with a generation finding themselves locked out of the property market or forced to live in sub-optimal arrangements.
Housing serves two purposes; one is accommodation, the other is investment.
A property that delivers net rental income of $50,000 represents an income stream, or in financial language, an annuity. If an…

Click here to view the original article.