this post was submitted on 19 Nov 2025

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23-year-old buys dream home for his parents (www.thepress.co.nz)

submitted 1 month ago by passwordforgetter@lemmy.nz to c/newzealand@lemmy.nz

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Diaclaimer: article from last month.

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[–] Dave@lemmy.nz 3 points 1 month ago* (last edited 1 month ago)

When borrowing money is cheap, people start buying houses like crazy and running up their mortgages. It's not the teenager borrowing it's the people he was selling houses to.