{"id":50508,"date":"2022-11-24T11:37:23","date_gmt":"2022-11-24T02:37:23","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2022\/nov\/24\/new-zealand-particularly-vulnerable-to-a-housing-crash-tightens-its-belt-as-rates-soar"},"modified":"2022-11-24T11:37:23","modified_gmt":"2022-11-24T02:37:23","slug":"new-zealand-particularly-vulnerable-to-a-housing-crash-tightens-its-belt-as-rates-soar","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=50508","title":{"rendered":"New Zealand, particularly vulnerable to a housing crash, tightens its belt as rates soar"},"content":{"rendered":"<p>New Zealand\u2019s reserve bank delivered its largest rate hike in history on Wednesday, piling pressure on the country\u2019s homeowners<\/p>\n<p>Rosie Smyth and Richard Larsen, along with their toddler daughter, had spent years looking for an affordable home in Lyttelton, a small port town at the edge of Christchurch where Smyth grew up.<\/p>\n<p>They were hunting in the midst of New Zealand\u2019s housing affordability crisis, when prices rose to nearly nine times the average income. The market had a frenetic quality \u2013 every month seemed to bring a new rise, and with it the feeling, Smyth says, that if you didn\u2019t get in now, prices could permanently dance out of reach.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2022\/nov\/24\/new-zealand-particularly-vulnerable-to-a-housing-crash-tightens-its-belt-as-rates-soar\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand\u2019s reserve bank delivered its largest rate hike in history on Wednesday, piling pressure on the country\u2019s homeownersRosie Smyth and Richard Larsen, along with their toddler daughter, had spent years looking for an affordable home in Lyttelto&#8230;<\/p>\n","protected":false},"author":2034,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,2535,437,697,56,42],"tags":[],"class_list":["post-50508","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-cost-of-living-crisis","category-economics","category-housing","category-new-zealand","category-world-news"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/50508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2034"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50508"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/50508\/revisions"}],"predecessor-version":[{"id":50509,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/50508\/revisions\/50509"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}