Should first home buyers buy a business instead?

<p>Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's whether a business could be a better option than a first home. Hosted by Frances Cook.</p> <p>A catch cry for years now has been that first home buyers feel locked out of any opportunity to buy their own home. </p> <p>There is a change in the air, for sure, with house prices now falling for the first time in years. </p> <p>The latest figures from the REINZ House Price Index show prices are down 7.1% in the last year, and national prices fell $40,000 in just the last month. </p> <p>But it's still pretty expensive overall, with the national median house price at $810,000 dollars in July. </p> <p>Well, some people think they've got an alternative way for young people to secure their financial future. </p> <p>The argument goes that you should buy a business instead, giving yourself a different kind of asset, and the possibility of dramatically increasing your income. </p> <p>Would it work? Maybe. </p> <p>For the latest podcast, I talked to Chris Small, managing director of ABC Business Sales.</p> <p>If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a> <a href="https://www.instagram.com/francescooknz/">Instagram here</a> and <a href="https://twitter.com/FrancesCook">Twitter here</a></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>