What new madness is this?
Government to step in and underwrite new private house building
The Government will today unveil a radical new plan to underwrite construction of new private houses, as high interest rates and an economic downturn make it tough for developers to get finance for new projects.
The new time-limited scheme is designed to de-risk developments, making finance easier to obtain for developers to start building. Developers often have to pre-sell a proportion of dwellings in any development in order to secure finance, which has become much more difficult in the current economic downturn.
“In times of expensive borrowing, underwrites are an effective tool for supporting housing supply,” Housing Minister Chris Bishop said. “This is because underwrites increase developers’ access to finance where they otherwise wouldn’t have been able to get it, and therefore wouldn’t have been able to deliver the houses.”
Public Housing Futures has produced a map of stalled and empty Kāinga Ora sites throughout the motu, showing thousands of half-finished or bare land where work has stopped, despite close to 100,000 people being registered as homeless
This is a class war against renters subsided by the State.
This is a Government of landlords, by landlords, for landlords.
Increasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.
This seems to be in line with this governments underlying philosophy “as you give, so shall you receive”.
Before the election they received a lot of donations from the private housing sector. Now, with yesterdays
Fast Track reward programme and this announcement the donors are getting their returns on money invested. Kainga Ora have only themselves to blame for a lack of support now. They should have donated large amounts of money to this coalition but they didn’t.
This Governments mantra (or should I say the “Atlas Network”) is privatise profits and socialise losses. That’s what PPP schemes are-the dream scenario for a business/corporation and the nightmare for citizens/taxpayers. This is what the ‘Boardroom’ want- the ultimate profit-making situation with little or no risk.
Yep
new zealand will if not already end up like one of those central asian noplaces; the stans; LANDLORDISTAN A s*IT HOLE OF INEQUALITY and hopelessness.
Where’s the “Oomph”?
Written By: Mountain Tui – Date published: 2:04 pm, October 6th, 2024 – 31 comments
Categories: Christopher Luxon, health, Privatisation, Shane Reti, Unions – Tags: 23-October, privatisation, protest
As I spent nights and the weekend furiously drawing up different protest slogans, creating “No Privatisation” Facebook pages, organising and writing Reddit posts to advertise an upcoming 23-October NZCTU protest, I wondered to myself?
“Where are the unions to the non-union members?”
“Where are the opposition parties to the public?”
“What is happening?”
And yet I know the answer to one of those questions.
I research political developments all the time, and invariably find that the Greens and Labour have made comments about the government’s policies – often very good points – but they hardly ever make it to the media channels.
https://thestandard.org.nz/wheres-the-oomph/
Its all good the neo-liberal tide washes in and out. Flotsam Hipkins knows he’ll wash up on the shore sometime, just a matter of floating around.
Yep
What a fucken joke .The government will put up $2.5 billion for private builders but wont spend the same amount building already to go public houses .Once the private builders have built the houses is the government then going to take them over for public housing ?I would not think so because they will be all over a million each at the least .While all this is happening 25k of the already under way public house would have been built and have people living in them .Then there is the issue of where are the private builders going to get staff from as most young tradies have left .Just another cock up that will be scrapped because it is going to breach the magic $3 billion figure .
“Then there is the issue of where are the private builders going to get staff from as most young tradies have left “, they’ll get them from China, and I reckon at least half of the construction companies will come from there as well. The CoC will blame Kiwis for the lack of Kiwis employed, as in “Young people today just don’t want to work”.
Has anyone yet realised how much stuff Labour was actually delivering for NZ and the fact they were not wasting money .It is the current government that is wasting billions by scraping everything that was long term future proofing NZ for all not just the very few .Now we are going to have less schools hospitals and houses along with sinking ships of all sizes .But in 20 years we will have nice shiny roads with no cars on them because no one will be able to drive them or own them .The population will be over 80 years old because all the young people will have left
Yep so fucked up.
More luxury townhouses I guess.
Underwriting private housing for developers to derisk bank lending is a direct copy of Phil Twyfords’ Kiwibuild.
We need social housing but we also need more people owning their own homes.
The benefits of home ownership are legion for families and the nation – as are the disadvantages of renting.
More development where there is no infrastructure. It’s like we are trying to be a third world country.
oh but we can truck sewage to the treatment station from storage tanks .What a joke these clowns are .The sections will cost a million now they know they are being fast tracked so will get sure money .Then there is the under write of the new house which wont sell as was the case in Ireland when they did exactly the same thing there .
National have been working 80 years since Michael Savage’s introduction of state housing to destroy the concept, so they’re not going to stop now, not when they have essentially succeeded.
” It’s like we are trying to be a third world country ”
We are a third world country pretending we are first class.
The Hobbits live in a fantasy world and are totally delusional.
Excellent policy….this govt is delivering stellar policies/law at a cracking pace.
No wonder they are ahead of almost every poll that’s been released so far.
It’s what the majority of the NZ voting public were asking for after 6yrs of almost bankruptcy and fuck all actions under Labour.
effen dreamer – I will watch this lot of mega-self-absorbed crash NZ into the 3rd world country – by then the likes of yourself would have left the country taking our money with you – brilliant
No Bob….no!
I will stay, keep my money offshore where it’s safe from Labour.
Sorted!
Actually … it would be better if you just fucked off now.
We can bring NZ back but need to start forcing the likes of yourself to actually pay your way – wealth and CGT – hell, why not FTT also – reduce speculation
We badly need to move away from an economy dependent on property because it (like you) produces fucken nothing and simply makes us more at risk from economic downturns – yeah just like the one your mates have caused
I’m not right you are a moron. The right and National are cratering our economy at an alarming rate. In 10 months they have bankrupt our country.
Leave the economic literature to those with a degree and keep your All Black’s Weetbix card diplomas out of sight
You are right as usual those few Labour supporters left cannot stand to see National getting on with fulfilling their election promises. Labour lost because afterc6 years they had little to show to get the voters to repeat their action a third time .No real leader no policies 3xcept mucking around with get on fruit.
Trevor they haven’t done anything yet. The last government still delivered a shit load more housing than National did before it. Why don’t actually look at facts and numbers not what roll deodorant Jesus tells you
correct these fuckers like trev and the now silent fister ,kept saying Labour failed to deliver but this government has spent nearly a year undoing every long term investment in NZ because they did not think of it .And now we are left with nothing going foward and a fucked economy and billions of investment wasted .
You’re not “B” right at all Trevor, the economy is being tanked by National by every measure. You have a plastic leader who knows nothing of politics, no wonder you are a follower.
The usual National trolls purporting that National getting on with fulfilling their government promises when in fact what they didn’t promise was the massive redundancies, cancelled hospital and ferry builds, gutting health and record numbers of kiwis migrating to Australia. Even today the economists have announced how bad a state NZ is in under National.
What a jumbled pile of crap. Bob the fist would be appalled.
No it’s because stupid old farts like you buy their bullshit. So when it Kāinga Ora building there is seemingly no asset being funded by the debt incurred but when it’s the private sector it’s low risk to underwrite because of the asset involved? What a f’ing joke
There’s more than a passing mention here of ‘government’.
Let me be as arrogantly clear as I can be. This. ‘Thing’. Is. No. Government.
We have no governance. We vote, we trust, we expect, we get fucked on the deal every fucking time. That, dear people, is roger douglas’s neo-liberalism bolstered by a gristly thug called jim bolger who’s own farcical charade masquerading as ‘ governance’ dropped MMP on us to ensure the enduring crime wave we think of as our politic remains divided thus dominated.
We. Need. A. Royal.Commission. Of. Inquiry. Up. And. Into. Every. Cunt. Who. Burrowed. Their. Way. Into. OUR. Parliament. Buildings. ( Spelling things out like this is exhausting. )
Where is the good news story about the government working with Maori to build 100 homes for those in the Hamilton area who are housed in motels .
It was on the news you idiot!
But Potama struggled to answer the question about those displaced having first opportunity to be housed with his hyperbole answer being it will be decided at a governance level. In other words he didn’t have a fucking clue so why bother with the news of this at all!
Yep. That was a positive.
Yes that is a positive so why is it too hard to do in Gisborne or Ruatoria or Whanganui or New Plymouth.
It’s happening at Hopuhopu because they are desperate to get Tainui on side. They throw around the figure of $35m but I didn’t see what the split was between Tainui and Government.
Also I am assuming Waikato District Council will be picking up the cost of the infrastructure required such as 3 waters roading etc.
Not cheap this deal. $35 m for 53 houses and provision for 47 more. Given that the land is being donated the cost of the houses seem pretty excessive.
And if its such a good concept why couldn’t other vacant land owned by Government or Councils be donated to first home buyers. That would allow many young or low income people into a home at a reasonable rate. I would prefer that to government underwriting private development.
They are building more than just houses there are other facilities in the plan
Such as . Please advise. Is it schools, medical centers, playgrounds or are you talking about 3 waters and other normal infrastructure that one expects with housing development.
You can’t get away from the fact that this money is being misappropriated from Kiangaora .
Also if you cared to watch Maori TV on Mondays you would have seen the Papakaianga projects being initiated by Maori groups in deprived areas after getting shafted by various governments. These are what Luxon and Seymour talk about but while they blow hot air and pander to Tainui all of a sudden, the blokes on the East Coast and Northland and other places are getting on and doing it. This week featured a group that bought in 14 small relocatables instead of waiting for Mark Mitchell to open his disaster EFTPOS account.
They are sucking up to Tainui because the young lady that is the now MP is putting the shits up them and she will be doing so for many a yare to come .Good on her .She even has the measure of the old crock Winston sitting him on his arse on more than one occasion .
You can’t keep doing this Trevor, making statements without evidence!!!
that is money that would have built social housing in the area anyway .Just look at the Kianga ora builds that were stopped in hamilton and see where that money has come from .And how much of that is from the government .Maybe they should be building at Tokanui instead to house the staff for the new prison at Waikeria .That would be a massive earner for Tainui .
So Trevor it’s ok for the Government to help/work with Maori in housing? When it’s healthcare it’s racism but in housing it’s ok? Gee that’s consistent
What about this story, corruption of the highest order…
https://www.stuff.co.nz/politics/350444877/governments-gumboot-friday-funding-found-be-unusual-and-inconsistent
My comments don’t get posted here, maybe common sense is not a prerequisite
Developers are basically scum, they shaft sub contractors–who it must be said keep coming back for more! and cause trouble wherever they go. They and the suppliers basically went on strike over “Kiwi build” because they only want high margin jobs. Kiwi Build was not the best focus for Labour but these industry parasites put an end to it regardless.
Kainga Ora eventually got in gear and built thousands of dwellings–but now ones under construction have been halted by the Natzos and emergency housing is being collapsed–where do these comfortable bludgers with their multiple properties think people are going to live? Answer…they don’t care, but the building they will do is prisons.
Funny how they can interfere in the Free Market for housing and banking like this.
But they can’t organise an underwritten decent electricity supply to the pulp mills and whole towns are dying.
Think about the poor landlords in Ohakune, Ratehi and Taihape. Oh that’s right it’s private homeowners that are affected and leaving. Guess they’ll have to fire sale their houses to landlords.
Meanwhile my sick daughter has been hit with $140 in prescription charges in one month.
And sadly under this government electricity prices are expected to skyrocket in 2025.
People get what they vote for and what National promised I suppose.
Idiots on this site say this is the government getting things done. Yet the can’t get a decent health system done or new ferries done. Just getting landlords handouts and capital gains on PMs property done.
National is stuffing up health
Written By: mickysavage – Date published: 10:02 am, October 8th, 2024 – 4 comments
Categories: casey costello, Christopher Luxon, Shane Reti – Tags:
Mountain Tui has posted a couple of really important posts on health recently.
His post on how the Government is creating a crisis so that it can privatise NZ healthcare strikes a real chord. We have seen 40 years of this sort of behaviour. The first thing right wing governments do is create a crisis. The second thing they do is privatise publicly owned assets and systems and hand them over to their rich mates. Enrichment and not improvement is their only goal.
His further post where’s the oomph is a call to arms to oppose this activity.
Certainly I believe there is a plan to privatise as much of Health as the Government can manage. But there is also the damage being caused to Health through incompetence and the need to cut costs so that they can give landlords a tax break.
https://thestandard.org.nz/national-is-stuffing-up-health/
Macro 1
8 October 2024 at 11:10 am
In reply to the above, the PM seized another photo and media opportunity, and made the following announcement:
“So Look! What I am saying to use is this! Our Govt is focused and working extremely hard on achieving our targets; and that is to deliver as much money as possible to those who don’t need it, and by doing so, grow their economy, and get this country back on track to a depression.”
Reply
Mountain Tui 2
8 October 2024 at 2:00 pm
This government can only get away with lie after lie because of a weak media landscape.
A pity given how evident it is that privatising increases avoidable deaths, increases costs for the state and people, and worsens health outcomes over the medium and long term.
https://www.spi.ox.ac.uk/article/doctoral-researcher-ben-goodair-on-the-privitisation-of-the-nhs-and-avoidable-deaths-social
https://www.theguardian.com/society/2022/jun/29/nhs-privatisation-drive-linked-to-rise-in-avoidable-deaths-study-suggests
https://www.thelancet.com/journals/lanpub/article/PIIS2468-2667(24)00003-3/fulltext
Rep
And weak opposition. Soooooo weak. It’s practically not even there.
Good point if they’re lessening support for public housing — which is probable. They’re doing it their freemarket way, which is to be expected. Landlords and tobacco sorts, as two of their first moves, is sus’. Paying off the donors.