This is the reason why middle NZ ignored dirty politics, mass surveillance lies and grotesque underfunding of our social infrastructure

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This is the reason why middle NZ ignored dirty politics, mass surveillance lies and grotesque underfunding of our social infrastructure…

Property makes Kiwis wealth surge to $1.5 trillion over last decade: Statistics NZ
The steep rise in property has driven New Zealanders’ wealth up to $1.5 trillion in the past decade.

Figures released on Monday by Statistics NZ show the net worth of New Zealanders rose $136 billion to March 31, 2016.

That equals about $330,000 per person, but mainly reflects property ownership, Statistics NZ’s national accounts senior manager Gary Dunnet says.

Net worth is the balance of what New Zealanders own over what they owe, and this is the biggest increase experienced in the last 10 years, he said.

…National’s mass migration property speculative bubble meant the middle classes would vote National even if that meant National wanted to ban science at their local school in favour of creation theory.

The middle classes have been missing in the fight against National because they were made paper millionaires by them. That is why National are still recording over 44% in the polls and it won’t change until the economy gets hit by the next economic meltdown.

The middle class aspiration to make money out of property has erased their egalitarian values and it changes the political landscape. The new Government have to adapt to this reality and promote policy that helps those who aren’t property speculators because they won’t ever vote for Labour.

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In putting together Kiwibuild, the new Government should consider putting all Crown Landin Auckland on the table and crush the land bankers.

10 COMMENTS

  1. Let’s remember its that group that are carrying most of the household debt its that group that are going to squeal the hardest in gfc2 I just hope the new government does not bail out the speculators they do not allow the pricks to socialise the losses and they vote national so stuff them

  2. middle nz wants chainsaws hardly davisons angle grinders jetskis trips to makoopeekaboo and mongolia and death metal.

    • But under the current law passed by national if muggles nz doesn’t pay back the money they owe and banks get in trouble it’s the saver money there going to take nats dumped all the risk from muggles nz on to savers with the open bank resolution policy muggles nz has run the credit to the max and the rest us are supposed to wear it if heads south we are already sudsudiseing there credit binge with record low interest rates and muggles nz complain if they go up stiff

  3. “The middle classes have been missing in the fight against National because they were made paper millionaires by them. That is why National are still recording over 44% in the polls and it won’t change until the economy gets hit by the next economic meltdown.”

    Absolutely, the problem is, those that do not own property, they are in too large numbers also brainwashed into believing in the ‘Kiwi Dream’, that with ‘hard work’, and a bit of ‘luck’ (e.g. striking ‘Lotto’), they can one day also be ‘proud owners’ of their OWN property.

    Others will inherit, never underestimate this, parents will pass on their wealth, and we can already see the entitled little brats sent to the better schools, and getting their expectations packed in with their school lunches, that they are ‘better’ than others, who tend to be ‘useless’.

    And NO, we should not look at Crown land in Auckland and so, which is limited, we should look at seizing private land from those who have too much, especially those speculating with it through land banking and the likes.

    Why sell state assets like Crown land, by using it for Kiwi Build, and then sell it to first home buyers, who will use it as PRIVATE property, and one day may sell it for a capital gain?

    We need more state intervention, more regulations and we must tax the high earners more, and also use restrictions to land ownership.

  4. Yeah, complaining, complaining. I’m sure it will help to blame “the middle class” for doing exactly the same as everybody else: Trying to increase their wealth.
    There is just ONE simple law change necessary, and all the apparent property price hike problems are solved: Gains from property selling need a special tax rate of 80% withing 20 years after buying.
    Done. Speculation game over, immediately.
    No any Kiwi or foreigner would ever INVEST into something with an 80% tax tag, or with a tax-free waiting time of 20 years.
    But if you just want to live in a house, selling tax does not matter, you don’t need to care. If you have to sell it, you get the money back you spent.
    So, dear government, how serious are your glittering statements regarding “housing problems”?

  5. The middle class aspiration to make money out of property has erased their egalitarian values and it changes the political landscape. The new Government have to adapt to this reality and promote policy that helps those who aren’t property speculators…

    Those last two lines sum up precisely why the new coalition government is treading so warily on the policies it implements. Not so much because a bold policy agenda might “spook” the Middle Classes… but because NZ First might be spooked on pulling the plug if they perceive that this new government is “too radical” and damages their standing with their own (predominantly) conservative base.

    We might not like the snail’s pace of progressive reforms but I’m reminded of how warily Alexander Dubcek’s reformist government in Czechoslovakia was forced to tread carefully, lest it provoke it’s master to the east. Despite that, Dubcek’s “socialism with a human face” was crushed under tank treads and jackboots.

    That lesson should not be lost on us. But instead of tanks and machine-gun wielding soldiers from an imperial power, it’s the propertied middle class and business interests that Ardern will be watching carefully.

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