The Housing crisis will spark a revolution for the Māori Party
By flooding the market with $100billion in cheap money for corporate banks to shovel out to property speculators, Labour have created an enormous rupture in prices locking entire classes out of home ownership while leaving them to the rapacious greed of the venal free market landlords.
Labour’s refusal to relaunch the Ministry of Works and build state houses ourselves, their refusal to limit lending to speculators, their refusal to consider a capital gains tax, land tax or wealth tax means those on the bottom must loose all hope of ever owning a home or having stable renting rights.
Parliament is overwhelming fill of home owners and speculators so to expect them to do anything meaningful is a joke.
As Bernard Hickey points out, the Boomers will not share their wealth…
How past generations pulled up the property ladder on today’s youth
The prospects for a “just transition” to carbon zero by 2050 are so infinitesimally small as to be not there at all. That’s because the intergenerational wealth transfer that happened over the last 30 years so dominates our political and economic landscape that the savviest and most pragmatic politicians know it cannot be turned around. They just hope the young haven’t worked it out, don’t notice, and don’t try to really shift the political centre of gravity.
…which is why Boomer taxes will be a big deal in 2023, because it’s the first time Gen X + Millennials will be a bigger voting block than Boomers…
Could Boomer Tax be a glimpse of the future and help solve generational inequality?
The recent furore over house price inflation has sparked a fresh debate over generational inequality.
Young people are angry about a lack of affordable housing options as valuations continue to soar.
Housing isn’t the only issue for younger generations, who are frustrated about their income security, debt burden, and building their careers following two of the worst financial crises in history.
…Bryce Edwards makes the point that we could lead the world like we once did…
New Zealand once led the world on social housing – it should again
Billions of dollars are currently being transferred to wealthy New Zealanders in the government’s attempts to stimulate the economy. The Reserve Bank has essentially committed to printing up to $128bn (US$90bn) of new money, lending much of it as cheap credit to banks, who then lend it to those who can afford to buy more and more houses, and thereby grabbing the capital gains.
The result is rocketing house prices, making accommodation unaffordable, especially for those seeking to buy a first home or rent accommodation. In fact, this week New Zealand was named as the seventh most expensive place in the world to buy a house.
…unfortunately Labour care more about their new speculative voters than their actual voting base.
The Greens are hopeless and their criticism is meaningless while they are Labour’s table which leaves the Māori Party to advocate for a revolution in housing.
This is their current housing policy:
- Build 2000 houses on ancestral Māori land within the next 2 years.
- Ensure fifty percent of all new social housing will be allocated to Māori.
- Ensure immigration to New Zealand stops until supply is able to meet demand.
- Stop all sales of freehold land to offshore foreign interests.
- Place a 2% tax on the capital value of vacant houses if they remain unoccupied for 3 months or longer in any one year.
- Ensure the Overseas Investment Act applies to all residential housing purchases.
- Add a Capital Gains Tax on all property set at 2% of the appreciation per annum (other than on the whānau home).
- Ensure the Government re-enter the housing market to develop and build state housing stock.
You can imagine how popular these will be after another 3 years of speculation and greedy Landlords, especially when NZ faces a tsunami of immigration once the border restrictions are lifted.
Labour is actively crafting their own demise by refusing to do anything meaningful on Housing.
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The banks, insurance companies, real estate agents, property developers and the CEOs of councils will be rubbing heir hands with glee!
‘The national median house price increased by $24,000 last month
The housing market ended spring firmly in boom mode, with the number of sales hitting their highest level for any month of the year since March 2007.
According to the Real Estate Institute of New Zealand, 9885 residential properties were sold in November, up 29.6% compared to November last year.
That was the highest number of sales in the month of November since 2006, which was in the thick of a major property boom.
The market was particularly strong in Auckland, where 3728 residential properties were sold, up a whopping 53.9% on November last year, giving the region its best November sales ever.
After Auckland the biggest annual percentage increases in sales were on the West Coast +74.4%, Northland +36.1%, Canterbury +31.7%, Bay of Plenty +29.5%, Nelson +25.8% and Waikato +21.9%.
Only three regions recorded lower sales compared to November last year – Marlborough -5.3%, Gisborne -4.3% and Hawke’s Bay -1.8%’
https://www.interest.co.nz/property/108364/national-median-house-price-increased-24000-last-month
To be fair to Labour they are not just refusing to do anything meaningful about the housing crisis. In fact they are refusing to do anything meaningful at all. How could 2 Maori MPs come up with such a simple but comprehensive list of policy on housing when the whole Labour party could only come up with the idea of printing as much money as they can and giving it to the Australian banks virtually interest free.
You can pretend it is boomers driving the housing crisis, but that is doing a disservice to those without housing and the government who wants to keep immigration going again as a lazy way to keep NZ afloat…
Rest of NZ laughed at Auckland’s housing crisis caused by immigration and refused to believe that 1 million new residents in 10 years were affecting housing. Now it’s not just housing but water, congestion, sewage, education, health care, justice, prisons…..
The government changed legislation to the encourage immigration to the provinces such as in 2018 and before Covid
“To support that transition, students who study sub-degree courses outside Auckland will be entitled to a two-year open work visa if they complete their qualification by December 2021,” Mr Lees-Galloway said.”
The result is immediate with housing outside of Auckland immediately going through the roof with shortages getting worse each year… note it’s not rental investors otherwise there would be a surplus of rentals for people … houses are selling to the thousands of new people and their dependants coming to NZ off the back of woke legalisation and ‘lazy educational masters’ of xyz, that the lefties encourage!
Buyers block street as 400 punters flock to open home over three days
https://www.stuff.co.nz/life-style/homed/housing-affordability/123681448/buyers-block-street-as-400-punters-flock-to-open-home-over-three-days
1 in 10 people in quarantine are overseas workers coming to NZ…. once they open the borders NZ will be a bloodbath of incoming people with all the people who qualified for NZ residency over the years coming back as well!
Immigration: Labour manifesto signals significant changes to border, visa rules to ‘get more people in’
https://www.newshub.co.nz/home/politics/2020/11/immigration-labour-manifesto-signals-significant-changes-to-border-visa-rules-to-get-more-people-in.html
Leftie commentators wringing their hands on NZ poverty and homelessness only have themselves to blame as they are joining the right wingers encouraging more people into NZ in 2020!
What happens when education becomes about money and profit from overseas students and the money going into new schools, is for construction of buildings for more students, not actually providing a good education for those students already here!
New Zealand students record worst results in maths and science
https://www.stuff.co.nz/national/education/300178702/new-zealand-students-record-worst-results-in-maths-and-science
Shared classrooms, ‘woke’concerns of safety and identity overriding real educational outcomes. The problem in NZ is that they create experiments and then go crazy justifying the poor results by bureaucrats and right wing media, instead of stepping back and stopping the rot – it is not just housing that is suffering, a significant proportion of the next generation of students are victims in all this.
(Official view is apparently to blame the parents! Funny, before Rogernomics and our experiment in globalism, our educational abilities were much higher. Apparently the media and advisors now think it’s because parents have got much worse in 20 years with less books and truancy).
Like housing which the government has been solving by bringing in 1 million more people to solve the crisis, it doesn’t seem to be working cos the millions of new workers don’t seem to be toiling in the horticulture fields, fishers, construction etc, as there is still all those mysterious worker shortages! Not buying it!
Now we have bodies in the student halls as the offshore businesses profit from having the contracts for student accomodation. What penalty was given to business led, education, Campus Living Villages?
Death of Mason Pendrous
https://en.wikipedia.org/wiki/Death_of_Mason_Pendrous
“CLV is one of the largest higher education student housing providers in the world.[2] It opened its first student village at the University of Sydney in Australia in 2003 and has since expanded internationally to own, manage or develop over 45,000 beds across Australia, New Zealand, the United Kingdom and the United States.[3]
A number of Australian pension funds back the business”.
Not sure business is providing the same service as universities did 30 years ago, when education and accomodation was not run by multinational profit driven interests.
80,000 arrivals during the lockdown have to live somewhere, close the borders unless you can prove you have somewhere to live permanently. Too many people here, infrastructures cant cope, its a disaster happening
Ardern’s astounding second contribution to this major problem has advanced from the pathetic whimper of saying housing can’t keep going up the way it is to say she only wants “sustained moderation” and she would like to see small increases in house prices. Our PM is nowhere near enough satisfied housing is expensive enough, god no, for her ongoing capital gains are a must-have. She clearly doesn’t see housing as a primary need, she sees the get rich quick – greed is good as a staple of NZ culture. You can now see why Labour are so useless and spineless because Jacinda is now firmly part of the problem. Her government is not only complicit in this disaster, but it’s also promoting it.
And please Labour, shit can the focus-grouped bullshit response that this has been a growing problem with successive governments for the past 30 years and then rubbing salt into the wound by doing precisely the same as all those others. For fuck sake, you two-faced creeps!
However, there is a solution of sorts. Ngati Whatua has just renegotiated the ground rents of a substantial amount of prime real estate in Auckland CBD. There are an awful lot of empty units for those previous lessee’s burned by leaking buildings and losing massively because leasehold property is worthless. Parnell Terraces, surely the perfect answer to housing affordability and homelessness. How about the Maori Party have a word to that tribe, use their connections and get them to start offering those prime apartments to their own people at a massive discount? And ensure it’s affordable forever. You know, social housing. Or is taking the initiative, walking the walk and looking after their own peoples, all bullshit too?
Yes it’s a great idea, but in my experience the business arm of maori organisations are basically pakeha values with a bit of window dressing. Occasionally you’ll find someone around who espouses and follows a maori world view, but they have no more power within their families than if your sibling was a bit eccentric. Everyone loves their quirkiness but there’s no way anyone is listening or changing. Asking people with money to spend it for the sake of their own is like asking people to pull out their teeth with a set of pliers. I’m not astonished that people are greedy and selfish, but I am a bit astonished at how quickly the average new zealander picks up and accelerates their participation in greed. It’s like they’ve been waiting their whole life to do something nasty. Like a thirsty guy in the desert, finding an oasis. Anyway, the solution is obvious, but everytime I suggest it people find a list of reasons as to why they can’t as long as their local motorway. They won’t even start. Like if you asked them to crack a window while smoking they’d complain of the cold, in February.
It is her constant gaslighting of beneficiaries and the NGO’s, she constantly justifies the increase of $25 they should be all so grateful with that, I mean FFS how can she then utter in the next breath the politics of kindness. It’s just so hypocritical.
‘Labour is actively crafting their own demise by refusing to do anything meaningful on Housing.’
Surely that is a good thing…..’Labour’ working towards its own demise, because ‘Labour’ isn’t Labour. It’s National in disguise. It has been National in disguise since 1984. And it’s only with National and Labour completely gone that ANY progress can be made on ANYTHING.
On the other hand, the voters of NZ are so ignorant and stupid they will probably all flock back to National when Jacinda makes a mess of EVERYTHING. As it is, everything is in a worse state than when she declared “Let’s do this.”
Whatever happens with respect to the clowns and criminals in parliament, 2023 will be a very different world: atmospheric CO2 will be around 228 ppm; there will probably be no ice in the Arctic Sea in late summer’ multiple hurricanes and typhoons will be demolishing everything in their paths; the Australian economy will be down the gurgler after picking the idiot government there picking a fight with China (well the part that hasn’t been burnt to a crisp, hat is); the American dollar Ponzi scheme will have imploded and the Disunited States will be even more disunited or will have fragmented into who knows what, as per the USSR. But with all the easy-to-extract oil long gone and a generally fucked environment there will be no resurrection or redemption.
With grain supplies under extreme stress a loaf of bread will probably cost $5. And a house in Auckland around $2 million.
Sewage will still be washing up on beaches -very likely more than ever. And the air will be a bit less breathable.
With Peak Oil well in the past and unconventional oil likely down the gurgler because of the financial implosion, the big question will be whether NZ will still be able to access imported oil to run its car-dependent society.
Whatever the case with respect to oil imports, we will be able to rely on the clowns and criminals in parliament to make everything that matter WORSE as they have been doing since the time of Norman Kirk.
Government farmer Landcorp puts 11,650 hectares of NZ land on the market
https://www.stuff.co.nz/business/farming/agribusiness/87014217/landcorp-places-10-farms-on-the-market?fbclid=IwAR1TzOXWScAdwddIMPp0dsNT_ePRxipmHCJraSYNb3IAqLebptK6xwKqLg4