Oh Jesus Christ this just gets worse and bloody worse doesn’t it?
Exclusive: Housing Minister’s backdown on penalties for KiwiBuild property flippers
Phil Twyford has secretly backed down on penalties for KiwiBuild buyers who sell up.
When Labour announced the policy in 2016, its plan to stop buyers reaping windfall gains was they must not on-sell their home for five years – or else they had to hand all the money they made to the Government.
That’s now changed to if buyers sell within three years, they must give up 30 percent of their profit.
“We really tried to strike the right balance here,” Mr Twyford says.
“We don’t want people cashing in on a potential windfall gain – but on the other hand, these houses are not subsided. People are paying for them with their own hard-earned cash.”
So everyone screaming on Twitter that it was fine Kiwbuild was housing for the kids of the middle class are also equally defending it being for property speculation today or has everyone gone very silent all of a sudden the way they did when the free speech debate imploded with Chelsea Manning?
Kiwibuild is like goat yoga, The Spinoff, electric bikes, fourth wave white feminism, top knots, sea salt and greek yogurt – it’s for middle class Millennial’s, and while that’s fine and dandy, because goodness gracious me wee Brock and Apple need to get ahead, I’m more concerned for the Kiwis sleeping in cars and the 40 000 homeless.
Finding out that Kiwibuild is not only for the children of the middle classes, but that it’s also for property speculators is just another kick in the guts for every voter who thought this Government would finally do something meaningful for the poor.