What to buy when you can't buy a house

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the options for your financial future when houses are just too expensive. Hosted by Frances Cook.<br /><br />OK, if you're feeling a little frustrated by the housing market, you're not alone. It's daunting if you're a first home buyer right now. <br /><br />When Covid-19 first hit, all of the economists were predicting house prices to slide, as a knock-on effect of our economy getting a hammering. <br /><br />Instead our country has handled the virus remarkably well, the economy is much better than expected, and house prices, well, they're racing away. <br /><br />The latest OneRoof Property Report shows that in the time from August to October alone, Auckland prices jumped a shocking 2.8 per cent.<br /><br />So, does this mean you should give up? No. <br /><br />Does it mean you should put yourself in worrying amounts of debt, so that if one single thing goes wrong the bank takes the house back off you? Also no. <br /><br />There are other ways to boost your wealth to give you financial security, and it can also be a path to get you a house further down the road, if that's what you want. <br /><br />For the latest podcast I talked to Mark Lister from Craig's Investment Partners. <br /><br />We discussed what other options you have for securing your financial future, if you can retire without owning a home, and how investing in other areas could help you get a house deposit. <br /><br />If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here <a href="https://www.facebook.com/FrancesCookJournalist/" rel="noopener">https://www.facebook.com/FrancesCookJournalist/</a> Instagram here <a href="https://www.instagram.com/francescooknz/" rel="noopener">https://www.instagram.com/francescooknz/</a> and Twitter here <a href="https://twitter.com/FrancesCook" rel="noopener">https://twitter.com/FrancesCook</a>