$600,000 for less living space than a double garage

Judith Collins, on Facebook yesterday, helpfully explained the government’s plans:

Today, Minister of Housing Phil Twyford confirmed that he knows almost nothing about the detail of the proposed Unitec flagship Kiwibuild development. He told Parliament that although Unitec had suggested that up to 2,600 homes could be built on the site, he was now thinking that up to 4,000 would be built. When asked for the size of these homes that he is speaking of selling for $600,000 to first home buyers, he spoke of 30 square metres being the minimum. That’s smaller than a double garage which is 36 square metres.

End of quote.

When Phil Twyford was asked who is going to build all the homes for Kiwibuild he said that they would bring in ‘skilled’ immigrants and would use New Zealanders who want to be trained in the needed skills. The reason why so many builders in New Zealand are immigrants is that we have a shortage of New Zealand tradesmen despite the fact that people can learn on the job as apprentices. If we had unemployed people wanting to train they would have trained already. The reality, then, is that these homes will have to be built by people imported specially for the job, which will make the housing shortage even worse.

Quote:

Where are all these imports going to live while they’re building these homes? According to Phil Twyford – in a house – somewhere. Where are all these Kiwis waiting to be trained?

Homebuyers will know that our banks are not lending on properties under 30 square metres and will only lend up to 50% on one bedroom apartments under 45 square metres. Add to that, the ‘Kiwibuild requirement’ that buyers can’t sell the home for 5 years […]

End of quote.

What a total disaster! Twyford is talking about so-called called affordable homes, smaller than a double garage, that first home buyers will need at least a $300,000 deposit for before the banks will lend to them. This project has failed before even one home has been built.

Families trying to work their way up the housing ladder typically move every three years. The government is locking them into these tiny homes for five whole years, even though they will outgrow the homes when they have children.

 

 


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