145 State house worth more than a $1M

Chris Carter has admitted in parliament that the Housing Corporation owns 145 houses that are each worth over $1 million.

This is patently ridiculous for the Government to own 145 house worth that much. Of course it doesn't look so bad unless you total them up and write it down thus; $145,000,000.00. 

Now to build an average house on an average piece of land would cost in Auckland about $300,000. That means with $145,000,000.00 to play with you could build an additional 483 houses easily covering the loss of 145 houses by a factor of three.

Put that in further perspective, there are 11,000 families on a state house waiting list. 483 of them would have somewhere to go, a reasonable chunk in anyones book.

Do you want:

  • ad-free access?
  • access to our very popular daily crossword?
  • access to Incite Politics magazine articles?

Silver subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March.

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.