Homeowners shouldn't think they 'deserve' wealth boostSTUFF Broadcasters Mike Hosking and Kate Hawkesby have sold their Remuera home for $2.6m over its CV. The housing wealth rises of the already wealthy is back in the news again with the sale by Mike Hosking and Kate Hawkesby of their Remuera home for $9.6m. There's wealth earned from building a business. Increases in house prices are an edifice built on the young mortgaging themselves to the hilt, and flows of people and capital into our cities. Rapid rises in house prices may be bad, but rapidly falling house prices would be a national nightmare.

Source: Stuff September 04, 2018 01:30 UTC