{"id":9344,"date":"2016-07-13T08:19:10","date_gmt":"2016-07-12T19:19:10","guid":{"rendered":"http:\/\/mananews.co.nz\/wp\/?p=9344"},"modified":"2016-07-13T08:19:10","modified_gmt":"2016-07-12T19:19:10","slug":"the-inevitable-new-zealand-housing-crash","status":"publish","type":"post","link":"http:\/\/mananews.co.nz\/wp\/?p=9344","title":{"rendered":"The inevitable New Zealand housing crash"},"content":{"rendered":"

\"avatr\"<\/a>\u00a0Joe Trinder<\/p>\n

\"mortagee\"<\/a><\/p>\n

As the country goes beyond the point of no return in a housing crisis the National Government is in denial a crisis exists. By avoiding using the word “crisis”\u00a0under instruction from Cosby Textor spin doctors\u00a0are using language like “Issue” or “Challenge”. The National government have openly admitted they want to protect homeowners equity. The problem for the National government is they can’t protect equity and build affordable housing that is why they are doing the bare minimum to resolve the housing crisis.<\/p>\n

Historically we have resolved a housing crisis before. In 1950 New Zealand was the third wealthiest country on earth after Switzerland and the United States with virtually no unemployment or homelessness. This was due to an ambitious housing campaign pioneered by the\u00a0Prime Minister Michael Savage<\/p>\n

The first labour government Nationalised the Mortgage corporation and offered low interests housing loans. It certainly wouldn’t\u00a0hurt the economy \u00a0too Nationalise a few Australian owned banks. It might hurt the Australian economy but enable New Zealand first home buyers an opportunity to afford a\u00a0homeloan.<\/p>\n

Contracting\u00a0corporations like Fletcher homes to build expensive housing at $500,000 per house is not a solution it’s merely enriching the National Partys donors. In the 1940’s the \u00a0Government mass produced State Housing in a factory as easily deployable kits \u00a0from 400 designs made from New Zealand made material. During the 1940’s the Government managed to build 30,000 homes and by the 1970’s had built 70,000 State houses.<\/p>\n

Today the National Government are evicting tenants in the middle of a housing crisis and selling the houses privately. \u00a0Using tactics claiming the family is the wrong configuration and they don’t\u00a0deserve a 3 bedroom house for two people. After evicting the tenants they don’t\u00a0rehome a needy family but sell the house privately.<\/p>\n

If the Keith Holyoake \u00a0National government of the 1960’s were to apply the same formula a young boy John Key and his mother Ruth Lazar would\u00a0have been given a 90 day eviction notice from the state house at 19 Hollyford Ave.<\/p>\n

\"Keyhouse\"<\/a>
Prime Minister John Key – 19 Holyford Ave<\/figcaption><\/figure>\n

Since the chiefs and tribes signed the Treaty of Waitangi \u00a0New Zealand has become a nation of immigrants but the Government refuses to adopt a policy where migrants are only permitted to build new housing\u00a0and may not buy existing housing. This easy to implement immigration policy would increase the housing stock dramatically as 70,000 migrants come to our shores every year. Selling houses to migrants is not a basis for an economy\u00a0because you\u00a0make home ownership impossible for existing citizens.<\/p>\n

The spin that landlords provide a valuable service by offering rentals is another factor impacting the housing crisis. The reality is\u00a0land lords are getting someone else to pay off their mortgage the real favour is the tenant that is paying for a retirement\u00a0fund for the landlord. If state housing stocks had not been run down landlords couldn’t\u00a0charge their tenants high rentals prices as tenants would have alternatives.<\/p>\n

The denial of a crisis by the National government is extensive from claiming high amounts of State Housing are damaged from cooking methamphetamine or not enough people for the state house is just spin. The reserve bank have warned the government \u00a0New Zealand is in a severe housing crisis and it’s impacting the economy . We can’t borrow ourselves out of it because we have been living beyond our means with a Government debt of $150 billion dollars, a debt our grandchildren will be servicing.<\/p>\n

If the National Government want to be taken seriously as resolving the housing crisis\u00a0they need to stop all evictions of state housing immediately and start reparing existing stock that is vacant. Call a spade a spade call\u00a0this a housing crisis<\/strong>. Stop protecting equity and personal wealth for popularity and protect the national economy. Create aggressive policy that tackles the housing crisis not weak policy that can be avoided like the capital gains tax.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Joe Trinder As the country goes beyond the point of no return in a housing crisis the National Government is in denial a crisis exists. By avoiding using the word “crisis”\u00a0under instruction from Cosby Textor spin doctors\u00a0are using language like “Issue” or “Challenge”. The National government have openly admitted they want to protect homeowners equity. […]<\/p>\n","protected":false},"author":2,"featured_media":9345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5,4,1],"tags":[],"class_list":["post-9344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-housing","category-news","last_archivepost"],"_links":{"self":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/9344"}],"collection":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9344"}],"version-history":[{"count":54,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/9344\/revisions"}],"predecessor-version":[{"id":9400,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/9344\/revisions\/9400"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/media\/9345"}],"wp:attachment":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9344"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}