“…the broader point is that having a tiny number of individuals making extraordinary sacrifices to enter the housing market is still a huge departure from historical norms. Previously most people bought houses, because most people could. But prices are currently at an historical high relative to incomes. The fact that young people buying houses in Auckland is such a singular event that it is newsworthy is a signifier of the problem in of itself.”
~ Danyl McLauchlan, from his post 'Chart of the day, kids are too busy watching plasma TVs over Skype to make charts edition'