Bob McCoskrie: Benefits of Home Ownership Not Just Economic

Bob McCoskrie – National Director Family First
(Published in Christchurch Press)

The debate on home ownership has tended to come from a fiscal perspective – whether the cost of owning a home is out of reach for many middle- to low-income families. Since 1991, home ownership rates in New Zealand have fallen from 74% to 67%, and most notably for the twenty and thirty-year-old age groups – the young kiwi families.

But is there also a societal cost of making home ownership a diminishing prospect? Does it really matter whether we own or rent the house – as long as we have a shelter over our head?

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