this post was submitted on 29 Nov 2023
21 points (100.0% liked)
Aotearoa / New Zealand
1661 readers
18 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use [email protected]
- Shitposts, circlejerks, memes, and non-NZ topics belong in [email protected]
- If you need help using Lemmy.nz, go to [email protected]
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is structural. New Zealand has a really low level of domestic ownership of productive assets, and a corresponding obsession with an unproductive asset i.e real estate which creates our incredibly high levels of household debt (as you point out, mortgages are held by Australian banks).