Here in New Zealand.
I can only speak about what I see from day to day as opposed to statistics.
Food seems to be up at most places around 10 - 20%
Petrol is still the same expensive ($NZD $2.09/L)
There was already a housing crisis the past 6 - 7 years here and this has made it much worse here.
The gov here lowered reserve bank rates to 0.25. Lowered loan to value ratios and basically tried to shift it so that house prices did not go down...
Well they shot up around 30% in the past year so now in Auckland and Wellington which have median values of 1.1 million NZD (800,000 USD), so you basically have to drive around an hour and a half to find anything under 500,000.
Houses rising 400,000 in 6 months are common.
Highest rate of homelessness in the OCD here.
Families living on top of families, paying $300 a week just for a room with 5 housemates you are lucky.
New Zealand gets looked at from the outside as the place that has done well, but in reality for most people, the pandemic has actually added on another 10 - 15 years to their working life to save/pay off future debt for the prices they are paying just to have a roof over their head.
I can only speak about what I see from day to day as opposed to statistics.
Food seems to be up at most places around 10 - 20%
Petrol is still the same expensive ($NZD $2.09/L)
There was already a housing crisis the past 6 - 7 years here and this has made it much worse here.
The gov here lowered reserve bank rates to 0.25. Lowered loan to value ratios and basically tried to shift it so that house prices did not go down...
Well they shot up around 30% in the past year so now in Auckland and Wellington which have median values of 1.1 million NZD (800,000 USD), so you basically have to drive around an hour and a half to find anything under 500,000.
Houses rising 400,000 in 6 months are common.
Highest rate of homelessness in the OCD here.
Families living on top of families, paying $300 a week just for a room with 5 housemates you are lucky.
New Zealand gets looked at from the outside as the place that has done well, but in reality for most people, the pandemic has actually added on another 10 - 15 years to their working life to save/pay off future debt for the prices they are paying just to have a roof over their head.
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