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  1. When a mortgage is owed on a residential rental property, then all rent paid should be treated as a contribution to the mortgage and therefore a form of part-ownership of the property. When the property is sold, all rent that has been paid in the past should be returned to all historical tenants, along with a proportionate share of any capital gain that has occurred over that period.
    This would be a democratisation and opening up of property rights – something the Right should support, unless of course they view property rights as a weapon for extracting money from the poor and the middle class (which they do)

  2. “there are many developers who are only interested in money. So they won’t apply good design principles to create good living spaces… It will be all about how many apartments can be squeezed in, and that will create some nasty, but more affordable accommodation,”David Whitburn, from Auckland’s Whitburn Group.

    Another step toward being a third-world country.

    “Are we fine with 47.9% home-ownership by 2048?” Bernard Hickey

    Yet another step toward being a third-world country.

    What is the Labour policy to Make Aotearoa Egalitarian with a proud 90 percent home ownership rate? What tax settings will be implemented to make landlordism unattractive (and job-creating business investment attractive)? How much money will be put into a State Advances entity offering low-interest mortgages to first-home buyers, the sons and daughters of National and Labour voters currently excluded from being stakeholders in society. How many additional State Houses will be built on the government’s balance sheet to create a flow of government revenue for the next 100 years?

    Bring back the Fair-Go!

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