Originally Posted by
westerly
The housing crisis relates directly back to the political actions of Douglas and Richardson
and their introduction of Rogernomics policies.
“Leave it to the market” did away with the Ministry of Works and the State Advances resulting in developers no longer catering for low cost homes (built on a bare section, no garage, fencing or landscaping.) Instead they realised more money could be made building homes for the high end of the market resulting in todays crisis.
In the present political climate there is no way the State Advances or MOW departments could be reintroduced. Labour is too scared of the reaction of the low taxes brigade to take the necessary action. And National campaigned on low taxes and less government. Blame the politicians.
Blaming the so called “boomers “ is an easy cop out for the likes of opinion writers like Bernard
Hickey.
westerly