Rob Stock: Extraordinary strategies to cope with extraordinary mortgages – Stuff.co.nz

A child’s conception of a home is simple, beautiful, and increasingly beyond the reach of young couples.

OPINION: Naughty, naughty, New Zealand households, you have borrowed far, far too much money.

The International Monetary Fund thinks households here should be worried by how big their debts are.

New Zealanders were late arrivers at the global debt party, but we made up for lost time when we got there.

Back in the 1980s, banks the world over waved their magic money wands, and household debt as a proportion of GDP rose globally from 70 per cent (1980) to 128 per cent (2015).

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