National promises to let under-30s raid their KiwiSavers for rental bonds
National is promising to allow people under 30 to use some of their KiwiSaver savings to pay for rental bonds.
National’s housing spokesperson Chris Bishop said getting together four weeks rent in advance for a tenancy agreement “is not easy for many people, particularly for students and young graduates, who don’t have a lot of cash”.
This is the same Chris Bishop who said he wasn’t renting from family when he was (he claimed his in-laws weren’t family), this is the same Chris Bishop who claimed National’s plan to allow Landlords to evict tenants with no reason was designed by people who work with the homeless…
…so anything Chris has to say about renters is about as convincing as cancer complaining about chemotherapy.
What this policy really highlights is how out of control the rental market actually is that you have to rob your pension fund to get a fucking rent bond!!!
The irony is National are the Party of Landlords and they will make the rental market far more damaging and difficult for renters with their new rules to throw tenants out with no reason and remove all the healthy home rules.
This isn’t a solution, it’s a symptom of sick rental market.
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The rental market rules should only be made by the politicians that DON’T own rental property. And are not in bed with Lobbying peeps.
That would include Hipkins who owns three properties…
And Judith Collins who owns 5 and David Bennett who has 7 including multiple farms.
“Look a pot of money, quick lets steal it!”
Yes RC I agree, it’s National providing another revenue stream for landlords.
Seriously, do these guys have any idea on the amount of work that banks and the Kiwisaver fund supervisors have to do to allow customers to access their kiwisaver for hardship or first home withdrawals? And they want us to do this!!!
Not a terrible policy. But not too sure it is restricted to under 30’s.
No, it’s not a terrible policy it’s a damned stupid short- term policy millsy. And I listened to Luxon’s interview on RNZ this morning he should be called Doctor death or maybe Doctor doom highly exaggerated and way over the top with his comments on inflation he was acting like we are the only country with inflation issues.
Wow, they’re not even bothering to hide their scumbaggery.
Next they should allow us to use our kiwisavers for a first home that we don’t actually have to live in for 6 months, so we can all enjoy being scumbag ladlords (ie: in the cheaper towns away from main centre’s where we work).
Yet another stupid idea from National as a way of keeping the housing pyramid scheme going for their landlord mates.
Luxon must be doing it tough with his 7 properties. Capital values have plummeted and rents are overpriced.
A recipe for a bad investment! He keeps telling us he’s good with money.
Clearly he’s strictly average and clearly he doesn’t know that everything inevitably gravitates to the mean.
If N.Z are stupid enough to vote this newbie in then they deserve all they get!!
“is not easy for many people, particularly for students and young graduates, who don’t have a lot of cash”.
The immediate answer to this is much higher wages so ordinary workers and young graduates and young students have enough ordinary money to pay bond and rent. You can’t rely on National for a decent pension, you can’t rely on National for decent wages and you can’t rely on National to help you save for retirement.
The next answer is to scrap landlordism. Limit home ownership to one home per family or individual. Make multiple home owning landlords divest during one term of government. Cause a property slump to enable renters and first home buyers to purchase houses. Have Kainga Ora use governments borrowing ability to supply low interest loans to first homebuyers. Set the Treasurer and Minister of Housings KPI at 90% of the population owning there own home. Give the huge majority of the people the ability to own their own home and have stake in the ground of society. The alternative is Blackrock and private equity buying up all the homes and turning us into a nation of alienated renters.
National’s next step will be to increase the retirement age to offset this policy and their coalition partner ACT will abolish Kiwisaver altogether joseph.
Good luck NZ you get what you vote for.
The cost of shelter is crippling this country. Effing people farming parasites and immigration spruikers won’t be happy until we’re all renters and 1% own everything. A co-operative housing model under Kainga Ora will stop it dead but Labour are too useless and National too stupid, and both too captured.
Kainga Ora are taking Wellington CC to court to be allowed to build on flood plains .In light of cyclone Grabrielle this does not seem like a good idea
Isn’t the whole hutt valley a flood plain.. ditto Kapiti. Wellington is a bit of a weird one with its topology. From what I’ve read on the surface, Kainga Ora want to intensify on their existing properties but the nimbys at WCC don’t want a bar of it. A warm dry shoebox is better than a wet cold street.
Yes, Trinity a floodplain that is getting a $75 million dollar fix up so don’t you worry we will be fine.
National have an appalling record with superannuation and Kiwisaver. Remember this beauty…
“The KiwiSaver scheme, which was introduced by the previous Labour Government, has gradually been pared back over several budgets by the National-led Government. The biggest changes came in 2011, when National removed the tax exemption for employer contributions, halved the member tax credit and raised the minimum contribution rates from 2 per cent to 3 per cent.”
National have a track record for wrecking superannuation they can’t be trusted on this issue.
Baby, Gerry.
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