More than 22,800 households were waiting for public housing at the end of January, a new record as the Government struggles to deal with the surging demand for help with housing.
The newly released figure of 22,803 represents a rise of more than 7000 households from January 2020, and is more than four times the size of the list when Labour was elected in 2017.
It comes as rents continue to steadily rise across the country.
The list’s rapid growth, which has seen it reach new records every month, has slowed somewhat in recent months, after a huge jump of 1030 families between August and September 2020.
After pouring billions into the pockets of property speculators in an intellectually obscene version of trickle down, Labour are apparently surprised our house prices have exploded.
The truth (like everything else in fucking NZ), is that the under regulated free market has been warped by the wealthy for their interests and all Labour attempt is bullshit tinkering on the sides rather than challenge the dominance of neoliberal theology.
We have allowed the commodification of houses to be a means to make wealth and people are chasing that with all the nuance of meth addicts in a P lab.
If Labour wanted actual solutions, these 3 would do it.
1 – FLOOD MARKET WITH MASS STATE HOUSING REBUILD: End the scum landlord subsidy of housing allowances end putting money into the pockets of unscrupulous motel owners by rapidly building 50 000 new state homes. Scum Landlords can do as they please because the level of desperation amongst renters gives them total power. Flooding the market with 50 000 new state houses would rob scum landlords of that desperation.
2 – STATE HOUSE FOR LIFE: Allow beneficiaries to stay in their state home for life so that they can create stable communities and that their desperation is never transported back to Landlords.
3 – DEPOSIT RESTRICTIONS: First time home buys should be required to have 10% deposit, but the more properties you own, the higher the deposit. The reason the speculators can out buy any first time home owner is because they can use their multiple properties to leverage more debt. If you are a property speculator, you need to turn up with a 70% deposit to counter the leverage multiple properties allows them.
If Labour want to actually solve the problem they have to regulate the market and re-set it so that speculation is punished while first home ownership and housing of the poor is championed.
For too long we have allowed the the rich to dictate the rules, if Labour’s kindness is to be meaningful, it needs to challenge that dynamic.
Unfortunately Labour are not looking for solutions, they are looking for the pretence of a solution to ease criticism from their Left. The announcement of a war on speculators won’t fix the housing crisis (if you didn’t want a war with speculators why give them $60billion to speculate with in the first place?) but it sure does feel good hearing those Landlords scream and until Labour build more bloody State Houses, a speculating Landlords scream will have to keep many warm at night.
Luckily for Jacinda, house prices could jump 50% and as long as Labour keep the Covid virus out of the country, no one will care about housing unaffordability.
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