In 2021, 42% of low-income households paid more than 50% of their income for #housing;

https://www.hud.govt.nz/stats-and-insights/homelessness-outlook/homelessness-indicators

But the real problem is landlording not being profitable enough;

"It's a classic oversupply, we added so many houses to the market with the Ardern [government's] incentives, that we have too many homes and renters have so many options."

#SteveGoodey, 2025

https://www.1news.co.nz/2025/04/23/pain-for-property-investors-as-rental-listing-levels-hit-high/

#HatTip to Hayden Donnell of RNZ MediaWatch for highlighting this story

https://www.rnz.co.nz/podcast/mediawatch?share=cf3970fc-9508-4412-a6da-c98a0a64a102