BNZ chief economist Tony Alexander blast millennials about first homes
March 6, 2017
BNZ chief executive Anthony Healy has backed away from controversial comments made by his chief economist.
Tony Alexander sent a column out to subscribers last week in which he said young people should take some tips from the older generations if they want to own a house.
He said young people wanting a house should buy a "dunger or even a meth house to strip, and do it up". "Basically be prepared to do what the Boomers did in many instances," he said.
"Start out in a desolate new suburb of clay soil far from work, do up a piece of shite, or build and live in what will become your garage whilst building the rest of the house around you in the following few years.