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  1. #451
    Legend Balance's Avatar
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    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."

  2. #452
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    Quote Originally Posted by Balance View Post
    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 !

  3. #453
    Legend Balance's Avatar
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    Quote Originally Posted by iceman View Post
    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.

  4. #454
    Legend Balance's Avatar
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    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.
    Last edited by Balance; 19-01-2021 at 06:37 AM.

  5. #455
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    Quote Originally Posted by Balance View Post
    ......
    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.

  6. #456
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    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!".....

  7. #457
    Legend Balance's Avatar
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    Quote Originally Posted by Logen Ninefingers View Post
    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.
    Last edited by Balance; 19-01-2021 at 08:30 AM.

  8. #458
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    Quote Originally Posted by Balance View Post
    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.

  9. #459
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    Quote Originally Posted by Balance View Post
    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]

  10. #460
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Logen Ninefingers View Post
    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 ...)
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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