The Daily Blog Open Mic Sunday 3rd May 2015

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openmike

 

Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.

Moderation rules are more lenient for this section, but try and play nicely.

 

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2 COMMENTS

  1. This: http://www.3news.co.nz/nznews/finance-minister-housing-problems-lay-with-auckland-council-2015050216#axzz3YlhDSqOg

    .. because everybody knows that investing in costly infrastructure services for greenfield subdivision in urban peripheral areas during an economic recession when no housing developer in their right mind would risk decreasing their private profit margin by flooding the market with cheap land in order to kick-start more speculative development, is the best use of ratepayers money (LoL).

    National’s policy is yet another aspect of socialising costs and privatising profits (by getting ratepayers to subsidise infrastructure costs). More zoning for greenfield suburban land supply on urban peripheries does not equate to more affordable housing.

    What’s more, just as developers will not pass on the savings from ratepayer-subsided infrastructure development for new urban expansion to new home-owners, neither will those ratepayers who are landlords absorb the cost of rate rises. They will pass the increased costs on to their tenants.

    This is on top of the new house owners who will face increasing rates bills (as well as not benefitting from local council/ratepayer subsidisation of new housing development costs). So it will be the people who can least afford to pay who will bear the burden of this central government proposal to force local councils to fund infrastructure expansion for new housing land (to the sole benefit of private sector developers of greenfield subdivision and housing).

    The government’s proposal to get Council’s to subsidise developers’ infrastructure costs won’t make housing more affordable. It will make it less affordable.

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