Labour govt 2020-23

[artemis]

Those post war babies, you know the ones that own all the rentals and wealth, will start falling off the perch in the next few years and passing down the assets. The following generation will then be blamed for pulling up the ladder. Rinse and repeat until the current first home non-buyers find themselves the target of the younger generations. The biter bit.

[777]

Do you mean from Jonu etc ?

I hope not.

[Aaron]

I wonder if this is the govt to turn this around.
https://www.msn.com/en-nz/news/natio...?ocid=msedgntp

Probably not the website to discuss this as this should not be a problem for rentiers.

[Bjauck]

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

He went through various changes since 1984 contributing to the falling rate of ownership in the post boomer generation. He included some of the various aspects you mentioned.

[Bjauck]

Those post war babies, you know the ones that own all the rentals and wealth, will start falling off the perch in the next few years and passing down the assets. The following generation will then be blamed for pulling up the ladder. Rinse and repeat until the current first home non-buyers find themselves the target of the younger generations. The biter bit.

With current tax and policy settings will it just result in fewer real estate owning families and their descendants become bigger and richer real estate owners? A NZ landed gentry akin to the aristocratic landowners in the old country?

[artemis]

With current tax and policy settings will it just result in fewer real estate owning families and their descendants become bigger and richer real estate owners? A NZ landed gentry akin to the aristocratic landowners in the old country?

Why wouldn't it be more like Maori land ownership, with original assets being distributed more widely each generation? Some in each generation will add to the assets, some will revert to 'shirtsleeves'. Same as for ever.

[artemis]

I wonder if this is the govt to turn this around.
https://www.msn.com/en-nz/news/natio...?ocid=msedgntp

Probably not the website to discuss this as this should not be a problem for rentiers.

Globalisation and technology are the causes he says. Good luck turning those clocks back.

[Aaron]

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

I don't know it is easy to blame the politicians but they have to pander to the voters to get elected so ultimately blame rests with the voters.

[iceman]

The Bully in Chief forced to apologise for slander. A bit late though after destroying the guy's career and personal life. "Be kind". Yeah Right. https://www.nzherald.co.nz/nz/trevor...3C42RTPDRJW5Y/

[jonu]

The Bully in Chief forced to apologise for slander. A bit late though after destroying the guy's career and personal life. "Be kind". Yeah Right. https://www.nzherald.co.nz/nz/trevor...3C42RTPDRJW5Y/

You have to ask what the hell is going on when we have someone of Mallard's limited intellectual capabilities as the Speaker of the House. The same guy who got in a fist fight with Tau Henare within Parliament Buildings. He should be embarrassed to show himself in public after what can only be called a lazy smear to inflate his own importance.

I guess he'll just return to being Defender in Chief of Cindy in the House.