Photo: ODT filesOlder Kiwis think more houses should be built but younger generations prefer the idea of restricting ownership to residents. A survey of 2500 people found baby boomers were the most concerned about younger generations getting on the property ladder. Of those surveyed, 63% of baby boomers worried about younger generations getting on the ladder compared to 51% of those in Gen Y. However, 65% of baby boomers believed more houses should be built compared to 50% of those in Gen Y. Canstar general manager Jose George said: "Surprisingly, it was the baby boomers who were more concerned with the lack of opportunity for younger generations.

Source: Otago Daily Times August 23, 2017 22:38 UTC