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this post was submitted on 29 Nov 2024
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That family couldn't afford to buy a median priced house in Auckland.
That people keep harping on about "six figure salaries" is stupid. I am reasonably sure that phrase dates from the 50's, and somehow people just don't want to understand inflation.
Indeed, which is another illustration of the problem with the modern economy - a combined income of $200k plus would be needed and that's likely only achieved with both partners in a relationship working near full time as well.