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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.
Using this item
Reference: DCDL-0004711
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.