Agreed, but in reality house prices are 20ish% below their peaks; if they stagnate for another year or two and pay increases at the current (low rate) the ratio gets better.

Even if the house price increases, if pay increases at or above the same rate, the ratio stays the same or gets better.

As long as the house price doesn't out pace wage rises; so the ratio gets worse...I'll be impressed.

[–] Ilovethebomb@lemmy.nz 1 points 1 month ago (1 children)

I'd like to see them continue to slowly lose value myself.

It would also get rid of the idea that housing is a sure bet as an investment, and we will hopefully see a move towards other investments like stocks instead.

[–] absGeekNZ@lemmy.nz 1 points 1 month ago (1 children)

That is a generational problem....

[–] Ilovethebomb@lemmy.nz 3 points 1 month ago

It's definitely a problem for my generation, that's for sure.