Another looming housing crisis

Retirement Commissioner warns of doubling of retirees who have to rent by 2048 & many more retirees with mortgages costing over 80% of pension; She calls for better supplement access & more homes

TLDR: We know there is an existential housing crisis right now of young families forced to live in motels and paying the highest rents relative to incomes in the world, but there’s a fresh warning today of a looming housing crisis for the elderly too.

There’s no pot of gold at the end of working life for many in New Zealand, with increasing numbers renti…