this post was submitted on 15 Feb 2024

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Jack Tame: Are migration numbers a blessing or a curse for the economy? (www.1news.co.nz)

submitted 8 months ago by BalpeenHammer@lemmy.nz to c/newzealand@lemmy.nz

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[–] absGeekNZ@lemmy.nz 3 points 8 months ago

If you are renting, it sucks in multiple ways. Higher prices, higher rents, wage pressure relaxes so not so much in the way of pay rises.

Well, if you own a home. It will depend on your mortgage, the lower it the better as interest rates have a lower effect on you. The higher prices still suck as does the wage pressure relaxing.