Economy Made Simple #4 | NZ's housing crisis - and how we might fix it

In this episode of Economy Made Simple, Shamubeel Eaqub breaks down one of the most pressing challenges facing Aotearoa today - our ongoing housing crisis. Why are homes so unaffordable? How did we end up here? And what do we need to do to make things better? From historical policy shifts to the present day shortage, this episode offers a comprehensive look at the system’s failure... and how we might fix it. This episode covers:

• Why house prices have risen from 3x to 8x the average household income
• The long-term supply issues stemming from the reforms of the 1980s
• The rise of Generation Rent, and the growing unaffordability of home ownership
• How poor-quality, insecure housing is impacting health and wellbeing
• What needs to change - from better zoning and infrastructure to more social and affordable housing stock
• The role organisations like Simplicity and other KiwiSaver providers can play in housing solutions

Shamubeel explains in simple terms how housing went from a basic right to a national crisis, and the growing inequality between those who own and those who rent. And while we can't fix this overnight, progress is possible - let him tell you how and why. 

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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.