Sam Stubbs: Simplicity Founder on the growing number of people who doubt they'll ever own a home

Early Edition with Ryan Bridge · Nov 4, 2024 · 4m · transcript

Homeownership continues to be the dream for most Kiwis, but a growing number of us think we'll never achieve it.

Kiwibank's latest State of Home Ownership Report has found 85% of people want to own a home, with most believing it's the key to getting ahead.

But over two-thirds of non-homeowners doubt they'll ever own a home, with millennials particularly pessimistic.

Simplicity Founder Sam Stubbs told Ryan Bridge KiwiSaver is now the key for most people, but the long wait to save for a deposit is a problem.

He says either wages have to increase, taxes have to decrease, or people have to put…