Wake up sleepy hobbits – John Key has no interest in popping his bubble

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The surprise by the media and the voting public that John Key actually has no interest whatsoever in solving the housing crisis he’s nurtured and fed is worrying.

Wake up sleepy hobbits!

John Key has no interest whatsoever in solving the property bubble he’s built because he needs that property bubble. Strip out the failure of dairy intensification, stip out the rebuild from natural disasters and strip out the false economy of tourism and this Government has nothing that is growing in the economy.

Key needs the price explosion from speculators to keep the GDP numbers looking good.

His ‘solution’ to borrow a billion dollars to flirt with developers won’t solve a bloody thing, it will just keep the bubble from popping.

The rich will get a hell of a lot richer and the poor will get vastly poorer.

That’s not a bloody solution folks! 40 000 homeless and tens of thousands more living in over crowded conditions and hundreds of thousands more living in poverty won’t feel a bloody thing from these so called ‘solutions’.

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Our bubble is so out of control that crashing the market by 40% will just roll the price back a couple of years.

Don’t dare pretend that this isn’t deliberate. National have empowered speculators while crucifying the poor and in return National gets voter loyalty. Last election the hundreds of thousands of NZers rushing early to the polls as mass surveillance lies and dirty politics swirled were not to punish Key, but to lock their vote in to ensure their property wasn’t capital gains taxed.

There is s section of property speculating middle class NZ who have no worries throwing their fellow NZers under a bus to ensure their illusion of false wealth isn’t harmed.

If NZers are sick of seeing their fellow NZers live in the gutter, and most importantly, those living in the gutter want more for themselves, then organising and participating in the political struggle is as essential as the radical solutions needed.

The missing million will only vote again if the Opposition provide them with policy and ideas that are radical enough to inspire their participation. While this means raising the wrath of the speculating middle class, the cold hard reality from the 2014 election is that they are prepared to vote for a corrupt political leader  to ensure their interests are protected.

It’s time for Labour and the Greens to start breaking some eggs if they want their omelette.

10 COMMENTS

  1. Don’t forget immigration, Bomber… it’s part of the bubble in the same way that supply and demand are linked. Forget the sleepy hobbits, we need a comparatively small number of angry orcs to start killing the overlords before they reach their Lear jets to escape the civil unrest…

    • Some more good news for the renters, from a Herald article on Buller, which has experienced an influx of newbies that they’re not sure about:http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11671193

      “Housing and real estate agencies said houses weren’t selling, prices had fallen and older houses were rapidly deteriorating. New houses built by investors remained unsold.

      There had been a big increase in tenancy applications from the unemployed, beneficiaries and people with mental health conditions who did not meet minimum letting criteria.”

      I was watching a parliamentary session from somewhere else tonight in which an MP was referring to the “slide” into homelessness, or people “on their way” to becoming homeless. It was interesting that they were addressing the kind of “penultimate” circumstances, the “pre-homeless” stage, and how it was expanding to include an ever wider group of people in their society.

      One of the reasons I didn’t sign Labour’s “Healthy Homes” petition was that I think there’s a problem with the bottom end dropping out of the rental market. It might be back-to-front thinking, but I’ve lived in some real dives over the years, and loved them. They were cheap and had loads of character, and they allowed us to have a more flexible lifestyle as expenses weren’t so high.
      The more we try to push everything into some imaginary middle of the bell curve, the more we’ll end up paying for it, too. I, personally, would rather rent a dump from a broadminded social drop out, than a squeaky clean, overvalued, preciously maintained, ticks all the boxes, no character, uptight, investor who needs to “maintain their property to the highest standard” and is likely to select a tenant who reflects that. Shouldn’t the so-called “market” be able to provide something at both ends of the spectrum?
      It will be the renters that pay for the “healthy homes” modifications.
      But, there’s the problem of over-pricing even dives, which should just be priced accordingly.

  2. Like I have said before: If you elect a government led by an international currency gambler then what kind of government can you reasonably expect?
    You won’t get a government that is interested in conserving natural resources or improving the lives of the country’s working population, you will get a government that lends itself to the wishes of speculators, boom and bust industries and international con-artists.

  3. John Key has no interest whatsoever in solving the property bubble he’s built because he needs that property bubble. Strip out the failure of dairy intensification, stip out the rebuild from natural disasters and strip out the false economy of tourism and this Government has nothing that is growing in the economy.

    Key needs the price explosion from speculators to keep the GDP numbers looking good.

    So 40 000 are homeless and we have more entering as immigrants at the same time!!!!!!!!

    Where was lying key west promise to “not let us be tenants in our own land”??????

    Lies more lies and deception from MBIE & Minister of propaganda SS Joyce! & key west.

  4. I reckon Labour is going to crack some eggs this coming Sunday when Andrew Little announces Labour’s plan to tackle the housing crisis.

  5. If that bubble bursts, we will have a serious national financial crisis and a recession for years to come, that is certainly rather likely what would happen.

    But it may not burst in the traditional fashion, as long as the government lets immigration to continue, so there is annual gains for years to come, they can ramp up construction, may even get Chinese construction giants in to join that “boom”, and use imported labour (at minimum wage, or even below) to build high rises, endless apartment blocks all over Auckland, to turn this city into the better part and slum parts around this, like most mega cities overseas.

    Prepare for this, I am damned serious, this is what is quite possible to be the end result in future years, massive slums filled with desperate, poorly housed workers, ready to work any job, and do anything, so that Key can come here when visiting from sunny Hawaii, and have shoe shine boys and girls line up outside the airport, to give his shoe a final polish, before it is off the exclusive golf course, to tee it off with the Hollywood clan and US dignitaries.

  6. Quote: “Don’t dare pretend that this isn’t deliberate. National have empowered speculators while crucifying the poor and in return National gets voter loyalty. Last election the hundreds of thousands of NZers rushing early to the polls as mass surveillance lies and dirty politics swirled were not to punish Key, but to lock their vote in to ensure their property wasn’t capital gains taxed.

    There is s section of property speculating middle class NZ who have no worries throwing their fellow NZers under a bus to ensure their illusion of false wealth isn’t harmed.”

    Yes, you got it, Martyn!

    That is the ONLY way we will get political change, that is to on one hand win over the lower middle class, who just want a home to live in, preferably one they own and that they can afford, and who want security and stability, and to also win over enough of the missing million that are so far unrepresented.

    ONLY then will Labour and Greens, possibly with other support, perhaps also Mana, gain office.

    All else is tinkering around the edges, which I fear Labour’s release of their “housing policy” will be.

    Catering just for the middle class, that will not solve enough, will not really solve anything, and only leave Labour in a position of “Nat Light”.

    Affordable housing can only be created by constraining demand from immigration and overseas buyers and local investors, and by reducing house costs, which will inevitably hurt some. All else is fantasyland politics, and economics, as it will continue to shut many out of their own, affordable housing, apart from perhaps forcing them into hen cage like apartment dwellings, stacked on top of each other, of poor quality and being the slums of tomorrow. That is in my view NO solution, though.

    So we know, there is the challenge for Labour and Greens to do their job.

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