Liam Dann: NZ Herald business editor at large on young property owners being hit hardest by high interest rates
Heather du Plessis-Allan Drive · Newstalk ZB
August 24, 20233m 27s
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Show Notes
How much financial pain is too much to inflict on young families struggling to pay off their first homes?
History indicates it's a rite of passage- baby boomers endured mortgage rate spikes of 20 percent and Generation X suffered under rates that soared above 10 percent.
NZ Herald business editor at large Liam Dann agrees it's a generational rite of passage, but the weight of the burden has grown for young people.
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Topics
businesspropertymoneyinterest rates