A million dollars used to be a lot of money. But now in Auckland, a million dollars doesn’t even cover the purchase price for a chunk of first home buyers, and, if it did, you can be almost sure that something is wrong with, or undesirable about, the property. Stuff’s Stephen Benson poses the following question in the current climate: Instead of over-reaching by investing in a first home in Auckland, could premium long-term renting, while investing the extra time and money wisely, end up leading to a better life?
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