In the early 2000s house prices rose to such an extent that they became unaffordable for many first-time buyers. This 2007 cartoon satirises the situation as a wheel or vicious circle in which first-time home buyers become luckless victims of a housing market that favours property speculation.
Te whakamahi i tēnei tūemi
Alexander Turnbull Library
Reference:
DCDL-0004711
Cartoon by Mike Moreu
Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.
Tāpiritia te tākupu hou