1st Grade Fringe
- Nov 9, 2012
Of course building more houses is really the only answer.If the government was truly wanting to fix the housing crisis, they should stop giving Kāinga Ora blank cheques to buy whole developments such as the one by the Temple in Flat Bush at prices inflated above what first home buyers and investors can afford.
They should also get Kāinga Ora to change it‘s policy which limits who can build in their private/public subdivisions which has forced many builders to compete for in fill sections and pushed up the value on the existing housing stock.
They should also abandon their policy of encouraging local councils to change planning rules to do away with minimum lot sizes.
But, no, it’s far easier to play the blame game and do a tax grab than to look at how their own policies.
I'm not even going to bother defending the government at all. They are underwhelming 100%.
But of course making property investing a less attractive proposition is a good idea.
Investors remind me of the NRA gun people in the states... thinking whats best for them is a god given right...