The housing crisis

I have been around politics for quite a long time, and while my memory can be erratic I definitely recall ACT and Roger Douglas having a policy of “bring our children home”. They wanted New Zealanders to feel that there was a future here and it was worth living here. Over the last decade they have returned in their droves. And, of course, they all needed houses to live in. As they returned from countries where they had been paid well, bought their own houses and were able to move into well-paying jobs, our house prices went up as the demand increased.  

The Labour government have misdiagnosed the problem. It is not the migrants and refugees who have created the problem – it is our children!

So, what to do?

Nothing.

Why nothing? How will that solve the problem?

This government are so awful, and are removing the opportunities for New Zealanders so quickly, that we will get another outflow of good citizens. They will sell their houses quickly, and probably at a loss, as they are not likely to make the same mistake twice and come back again, so they won’t need to keep them. And who will undertake the property management at an affordable price with all the new requirements on landlords?

There will be a new generation for whom the reality of the effects of government interference on their life may be a revelation. But they may not have a house to sell anyway. They will leave with little except their brains and their youth.

The departure of our best and brightest will make more houses available and affordable. The cost to New Zealand of the loss of our best and brightest is incalculable. But it will be huge. But houses will be cheaper.

The Coalition of Losers will shout out that they have solved the housing crisis. No one will be living in cars. Rental properties may be of better quality but they will be unaffordable and will require a much higher subsidy from the government (tax). Jobs will dry up and leave us with a low-wage economy again.

Oh dear!

 

by Frances Denz, MNZM


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A guest post submitted to Whaleoil and edited by Whaleoil staff.

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