Labour govt 2020-23

[Balance]

https://www.stuff.co.nz/life-style/h...ices-corelogic

Cindy said she would fix the housing crisis - by turning the crisis into a disaster.

Enjoy the carnage, the woke voters who thought Cindy has a clue about fixing problems.

Rest of us will sit back and enjoy our property gains.

[dobby41]

Now we know what Prebble and Hooton think. Do you think it was an open and honest Government that sat on this report on the most important issue facing NZ this year and which has resulted in extraordinary measures by the Government ? Did the PM not say this was a "COVID election" but decided not to give us this very valuable information !!

Or have you just accepted that the PM and her Ministers just blatantly lie to us about absolutely everything ?

It doesn't matter what I think as I was only trying to show there are other thoughts from commentators to provide some balance to Balance's post.

[artemis]

.....Cindy said she would fix the housing crisis - by turning the crisis into a disaster.

Enjoy the carnage, the woke voters who thought Cindy has a clue about fixing problems.

Rest of us will sit back and enjoy our property gains.

The current government is a very good friend to asset owners. Most of us are doing unbelievably well. Renters and those with negative financial positions not so much. The latter will be happy with low interest rates of course, unless the debt is on the plastic, so there is a silver lining.

[Balance]

https://www.rnz.co.nz/news/national/...age-economists

https://www.rnz.co.nz/news/national/...rgency-housing

Having turned the housing crisis into a housing disaster, what is Cynical Cindy doing?

Turning her back on the disaster and busy taking selfie’s with her fan base on holiday.

Great example of caring, kind and accountable - NOT!

[stoploss]

Disappointing they propose bringing int’l students back from April . This will be in front of a lot of Kiwis still trying to get home.Plus added risks at the border with the new Covid strains ....

[artemis]

Having turned the housing crisis into a housing disaster, what is Cynical Cindy doing?

Turning her back on the disaster and busy taking selfie’s with her fan base on holiday.

Great example of caring, kind and accountable - NOT!

20,000 for sale on Trademe and 10,000 for rent. Plus thousands of flatmates wanted. More on other sites. So there are places available, maybe not for all but for many based on the numbers. If rent amount is an issue then the government can temporarily increase TAS and the Accommodation Supplement (this originally designed as an income issue not a housing shortage issue). Much cheaper than building more state houses and subsidising rents for life.

Much more likely is that many of those in emergency accommodation are too risky for private landlords, especially with more restrictive rules on termination coming next month. Who caused that problem? Answer - the government and households themselves.

[iceman]

Disappointing they propose bringing int’l students back from April . This will be in front of a lot of Kiwis still trying to get home.Plus added risks at the border with the new Covid strains ....

Why do international tourists bring more COVID risks than returning Kiwis from around the World ? I do not follow your logic. Many of the students are already part way through their studies in NZ, they pay for their own quarantine and bring much needed money to the education institutions. All after thorough and multiple COVID testing as well as the 14 days quarantine !
I think it is a good decision.

[stoploss]

Why do international tourists bring more COVID risks than returning Kiwis from around the World ? I do not follow your logic. Many of the students are already part way through their studies in NZ, they pay for their own quarantine and bring much needed money to the education institutions. All after thorough and multiple COVID testing as well as the 14 days quarantine !
I think it is a good decision.

The logic is we are obliged to let our own citizens return . We are under no obligation at this time to open the border to anyone else . With the mutant strains of the virus emerging why take the risk ?
the 49 mio benefit to the economy will be wiped by lunchtime if we have another lockdown ...

[macduffy]

The logic is we are obliged to let our own citizens return . We are under no obligation at this time to open the border to anyone else . With the mutant strains of the virus emerging why take the risk ?
the 49 mio benefit to the economy will be wiped by lunchtime if we have another lockdown ...

Yes, it's an experiment. If it works there'll be plenty more and a few $b for the economy. If it fails.......

[iceman]

Yes, it's an experiment. If it works there'll be plenty more and a few $b for the economy. If it fails.......

Same as everyone coming in. Doesn't matter for COVID risk whether they are foreign students or returning Kiwis, many of which are returning from so called high risk countries.
Stoploss I realise we have an obligation to let Kiwis in which is different to foreign students being higher risk of bringing in COVID. But it doesn't have to be just one or the other !

I've had a personal experience with the rules of returning as have many of my colleagues. People are mistaken if they think the rules and processes are perfect, far from it.

[Balance]

For the record, Cynical Cindy has now reneged on all her promises (and previous damning comments about housing crisis etc) to make housing affordable for NZers.

https://www.stuff.co.nz/business/opi...rdable-housing

"She essentially said her Government could never really improve housing affordability by forcing or allowing house price falls because voters expected unending inflation in the value of their most important asset and it was her job to guarantee that."

[iceman]

For the record, Cynical Cindy has now reneged on all her promises (and previous damning comments about housing crisis etc) to make housing affordable for NZers.

https://www.stuff.co.nz/business/opi...rdable-housing

"She essentially said her Government could never really improve housing affordability by forcing or allowing house price falls because voters expected unending inflation in the value of their most important asset and it was her job to guarantee that."

No surprise there really Balance, just like she has reneged on just about everything else she promised, including even her climate goals, the "nuclear" issue of her generation !

[Balance]

No surprise there really Balance, just like she has reneged on just about everything else she promised, including even her climate goals, the "nuclear" issue of her generation !

Yup - Tiwai Pt was going to be history when she needed the Greens to get and stay in power.

Now, she is happy to keep polluting NZ's atmosphere with the renewed contract with Rio.

[Balance]

https://www.nzherald.co.nz/lifestyle...5NWL23QV6CMCE/

The housing & homelessness disaster rages on out there and the cynical one has been on holiday, sharing photos ... oops, sharing the ‘pain’ of those trying to cope with the disaster which has exploded under her watch.

And there will be no relief when she goes back to work - because she and her team of incompetents do not have a clue as to what to do.

Except throw more money and fuel into the fire.

[artemis]

......
The housing & homelessness disaster rages on out there and the cynical one has been on holiday, sharing photos ... oops, sharing the ‘pain’ of those trying to cope with the disaster which has exploded under her watch.

And there will be no relief when she goes back to work - because she and her team of incompetents do not have a clue as to what to do. Except throw more money and fuel into the fire.

To be fair, though, this government is setting many new records in the housing sector.

[Logen Ninefingers]

Central Banks caused the 'housing disaster' through their desire to stoke a 'wealth effect' via artificially inflating asset prices.
They do this by suppressing interest rates and printing money. Started in the US, and the disease has spread around the Western world.
Forget about sovereignty, we follow the lead of the US Federal Reserve, without question.
Interest rates have been at absurdly low levels for about 12 years now, and this is totally due to Central Bank actions. Markets do not fuction: they are distorted by Central Bank bond buying, Central Bank Interest rate suppression, Central Bank money printing.
We don't have capitalism any more, not when savers are smashed and housing borrowers and zombie corporations have joined the 'too big to fail club'. This is an age of bail-outs for all....all with money and assets that is....and devil take you if you don't have either.
The biggest contribution Western governments have made to the housing madness is via mass immigration - a lazy way of increasing GDP growth.
Eventually we will have increasing unrest and even more socialism...renters cannot cope with the constant increases as it is & future generations are of course not part of the looting of the financial system that is going on at the moment - they will be stuck with the bill while locked out of securing assets. Only a rich Mummy and Daddy can bridge the gap. Say goodbye to any notion of egalitarianism.

So cheer on your rising house price, and put your head in the sand and say it's due to "lack of supply" while interest rates are at the lowest levels in history. Meanwhile capitalism dies & socialists / communists will point to the system (a system actually now hijacked by Central Banks) and say "it doesn't work", and huge numbers of people will start agreeing with them. Social unrest will be the driver for change. Do we want to see private property ownership disappear due to the greed of a couple of generations of people who didn't challenge Central Bank actions because they thought "we are getting rich!".....

[Balance]

Central Banks caused the 'housing disaster' through their desire to stoke a 'wealth effect' via artificially inflating asset prices.
They do this by suppressing interest rates and printing money. Started in the US, and the disease has spread around the Western world.
Forget about sovereignty, we follow the lead of the US Federal Reserve, without question.
Interest rates have been at absurdly low levels for about 12 years now, and this is totally due to Central Bank actions. Markets do not fuction: they are distorted by Central Bank bond buying, Central Bank Interest rate suppression, Central Bank money printing.
We don't have capitalism any more, not when savers are smashed and housing borrowers and zombie corporations have joined the 'too big to fail club'. This is an age of bail-outs for all....all with money and assets that is....and devil take you if you don't have either.
The biggest contribution Western governments have made to the housing madness is via mass immigration - a lazy way of increasing GDP growth.
Eventually we will have increasing unrest and even more socialism...renters cannot cope with the constant increases as it is & future generations are of course not part of the looting of the financial system that is going on at the moment - they will be stuck with the bill while locked out of securing assets. Only a rich Mummy and Daddy can bridge the gap. Say goodbye to any notion of egalitarianism.

So cheer on your rising house price, and put your head in the sand and say it's due to "lack of supply" while interest rates are at the lowest levels in history. Meanwhile capitalism dies & socialists / communists will point to the system (a system actually now hijacked by Central Banks) and say "it doesn't work", and huge numbers of people will start agreeing with them. Social unrest will be the driver for change. Do we want to see private property ownership disappear due to the greed of a couple of generations of people who didn't challenge Central Bank actions because they thought "we are getting rich!".....

Straight out of the Cynical Cindy's song book - everybody's fault but the government?

I suggest you go to Singapore (limited land and just about everything including labour has to be imported) and see how they take care of housing for their citizens.

Then, come back to NZ and tell us why the NZ government cannot do affordable housing.

[Logen Ninefingers]

Straight out of the Cynical Cindy's song book - everybody's fault but the government?

I suggest you go to Singapore (limited land and just about everything including labour has to be imported) and see how they take care of housing for their citizens.

Then, come back to NZ and tell us why the NZ government cannot do affordable housing.

Did I say *everyone* was at fault but the government?

I'm laying the blame clearly at the feet of unelected Central Bankers.

You are probably up to your eyeballs in debt and at the same time 'absolutely loving' your paper house price gains. So savers can go and get stuffed....let the good times roll!

Unfortunately someone is paying for this madness: ratepayers, taxpayers, future generations. All on the hook for the crazy out-of-control spend-up that is happening now.

And what is the eventual outcome?

"Every credit fuelled boom is followed by a bust".

That's right. Nothing good.

[Logen Ninefingers]

Straight out of the Cynical Cindy's song book - everybody's fault but the government?

I suggest you go to Singapore (limited land and just about everything including labour has to be imported) and see how they take care of housing for their citizens.

Then, come back to NZ and tell us why the NZ government cannot do affordable housing.

'Heavily subsidised' Singaporean housing: That's the answer according to Balance. Another 'solution' where the taxpayer is on the hook is not a solution at all. Just raise interest rates ffs!! Stop with the passive bail-outs of people who are living the life of Riley but not wanting to pay for it. Housing should not be a get-rich-quick scheme and an ATM, which is how they are being used in NZ.

https://www.scmp.com/week-asia/econo...ing-singapores

Sky-high prices: the million-dollar question facing Singapore’s public housing

Despite the coronavirus and a bumper recession, a record number of public housing flats were resold by their owners for more than S$1 million in 2020
That’s great for those who buy heavily subsidised public units then sell for a personal profit, but bodes ill for a system aspiring to affordable housing for all

Derek Wong

Published: 8:00am, 18 Jan, 2021



[/I]

[JBmurc]

Did I say *everyone* was at fault but the government?

I'm laying the blame clearly at the feet of unelected Central Bankers.

You are probably up to your eyeballs in debt and at the same time 'absolutely loving' your paper house price gains. So savers can go and get stuffed....let the good times roll!

Unfortunately someone is paying for this madness: ratepayers, taxpayers, future generations. All on the hook for the crazy out-of-control spend-up that is happening now.

And what is the eventual outcome?

"Every credit fuelled boom is followed by a bust".

That's right. Nothing good.

Private debt is going to be the biggest issue going forward Kiwis already had one of the highest Household debts to incomes in the world ... Inflation from forward Govt massive stimulus plans is going to make one hell of a problem as many Kiwi families doing it tough to have food and shelter ... which of course will be fixed just the same as it has always been in modern times ... even lower rates to Negative rates higher payouts to poor .(.. 2030= Cashless western society IMHO ...)