Joining us tonight to discuss the housing crisis supply vs demand debate…
In studio, Deputy Mayor of the Auckland Super City, Penny Hulse
From the frontline of the housing crisis, Tamaki Housing Group Defend Glenn Innes advocate – Sue Henry
Political commentator, author and blogger – Chris Trotter
And on the Phone, the chief economist at BERL, Dr Ganesh Nana
Great seeing Dr Ganash Nana again. TV One replaced him after he told the truth about National’s impending economic disaster, with Shamubeel Eaqub, who sings National’s tunes, and believes it is cheaper and better to rent than to own your own home.
I really liked what Sue Henry had to say, she spoke of the realities of NZ’s housing disaster, and she brought evidence to prove it.
Reading a lot of the evidence on the Auckland Unitary Plan hearing panel’s website, I came across this submission and evidence, and I wonder whether some here may agree with that person’s assessment:
https://hearings.aupihp.govt.nz/online-services/new/files/J1Uly6tWX2fLsgALmMlgSoZLdhPdF9LIeCMNi2ofgMJ1
We have “investors” dominate the market, it seems, and they are buying up large in South Auckland and in other areas, zoned for intensification, a recipe for windfalls of profits, benefiting developers and few else.
Central government and Council have decided to work with developers, who are only keen to make endless profits, and this is part of the problem. Nobody addresses the demand side, immigration and overseas and also local investor buyers.
So we get what we deserve, unless people wake up and learn, and take action to stop it.
Penny Bright can wail on in her usual fashion, she has with her Mayor and the whole Council ALLOWED developers to exploit the present situation, and the Unitary Plan, with the planned intensification in specific, named areas, that has encouraged and INVITED developers, investors and speculators to jump in and buy up exactly that land, that is up for upzoning and intensification, as there they will get the greatest profits.
No wonder South Auckland suburbs get bought up en masse by investors, as there large areas are designed for intensification.
I am pro intensification in the right way in the right place, but the way Council has handled it, it has encouraged speculation, massively. We need CONTROLS, laws and regulations to stem this speculation wave, but neither central government nor council will go there, that is the massive problem, besides of the elephant in the room, uncontrolled immigration into Auckland.
Only in New Zealand does any government or Council with so many incompetent people at the helm get away with such madness. It is again proof of this country being not much better than a banana republic kind of country.
Oooops, that was not meant to be “Penny Bright” I referred to, it was of course Penny HULSE!
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