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3 Comments

  1. I’d prefer to trust the insurance market to bring about managed retreat that rely on any section of the political class to do it.
    The political class will throw young NZers under a fiscal bus in order to protect the homeowner voters.

    1. The out of control rise in house costs has practically stopped since Labour lost power.First home buyers are back in the market and rents have stabilized or fallen.

      1. Such delusion..

        House prices have come down because Labour stopped the foreign buyers from being able to enter the housing market and use New Zealand houses as casino chips and stopped ‘investors’ hogging the market by making them pay tax on any capital gain profit if sold within 5 years of purchase .

        Thus, the gambling on continuous house price inflation, and tax free profits, that Luxon was apart of, was successfully stymied.

        However…house prices are still way too high and more intervention will be required to make them anywhere close to affordable for those who don’t have the luxury of the bank of Mummy and Daddy…which is the bulk of the population.