Labour govt 2020-23

[Logen Ninefingers]

A full blown housing catastrophe - that’s Cindy’s real legacy after her humungous election promise of affordable housing for NZers:

https://www.stuff.co.nz/business/mon...phe-not-crisis

Kiwibuild & Santa Claus, anyone?

I started using the term Housing Catastrophe, and now I see it popping up in this article. Hmm.

[Balance]

I started using the term Housing Catastrophe, and now I see it popping up in this article. Hmm.

Just as I coined the phrase ‘All spin & no delivery’ and I see it being used in the media too.

Tells you that ST is getting the attention of the media.

[Logen Ninefingers]

If National has any brains at all they will start using the term Labours Housing Catastrophe in question time, and Seymour should start using it as well.

This will deliniate a period under the Labour government when the 'crisis' morphed into something much bigger. It will be difficult for Labour to keep wittering away about "that previous government" when they are being made to own a distinct new phase in the evolution of this issue. A 'crisis' has conatations of a situation that is troubling but not yet a full blow disaster, a 'catastrophe' is a clear unmitigated disaster.

[ynot]

If National has any brains at all they will start using the term Labours Housing Catastrophe in question time, and Seymour should start using it as well.

This will deliniate a period under the Labour government when the 'crisis' morphed into something much bigger. It will be difficult for Labour to keep wittering away about "that previous government" when they are being made to own a distinct new phase in the evolution of this issue. A 'crisis' has conatations of a situation that is troubling but not yet a full blow disaster, a 'catastrophe' is a clear unmitigated disaster.

Considering Luxon appears to have a few clues he is hesitant to stand up so far. May be he is strategising, may be hes just there to eat his lunch ?

[artemis]

Considering Luxon appears to have a few clues he is hesitant to stand up so far. May be he is strategising, may be hes just there to eat his lunch ?

Opposition leaders will have reasons for their actions or inactions. Certainly they will be having deep conversations behind closed doors, including timing. Right, wrong or between, who knows but they will have reasons.

[Balance]

https://www.stuff.co.nz/national/pol...s-and-act-down

Latest polls - the trend continues of National closing the gap. A swing of 3 % on Election Day will see Cindy moving onto her UN job, leaving the catastrophic housing mess she created behind for others to sort out.

[Logen Ninefingers]

People usually change the government when they are angry and afraid. To COVID-19 fatigue and angst you can add anger and fear around inflation, and now property owners are scenting the air for danger as they witness a diametric reversal of all the factors that were pushing up NZ's ridiculous property prices. The fear is real out there. NZ is caught in a trap, caught between the jaws of inflation & our property bubble. Now the people that assumed the risk and took on massive debt will not be wanting to face any adverse consequences, and the pressure will come again for politicians and central bankers to prop them up and bail them out. We cannot have a repeat of 2020, when steps to shore up the market were met with a dramatic increase in house prices. We should learn from this failure, learn that moves to stabilise will only stoke a renewal of the mania. Once bitten, twice shy. For the sake of our collective future and that of future genetrations, our politicians of all stripes must resist the temptation to use taxpayer dollars to bail out asset owners who took risk knowing that interest rates go up & down and that the market responds to elevated prices by meeting demand through a building boom.

[Panda-NZ-]

https://www.stuff.co.nz/national/pol...s-and-act-down

Latest polls - the trend continues of National closing the gap. A swing of 3 % on Election Day will see Cindy moving onto her UN job, leaving the catastrophic housing mess she created behind for others to sort out.

How did she create it? It's the international situation currently.

[Logen Ninefingers]

How did she create it? It's the international situation currently.

- Failure to follow through on KiwiBuild. Incompetence of ministers Twyford and Woods.
- Undermining the independence of the central bank with the addition of an employment focus to the mandate.
- Undermining the independence of the central bank with the partisan choice of the under qualified Adrian Orr as the governor.
- The famous 'Ardern Put' where she said that house prices cannot be allowed to fall as 'that is not what Kiwi's expect'. Government should never encourage moral hazard or back-stop the market with real or implied guarantees or taxpayer funds.
- The government stokes the demand side via the use of taxpayer funds and other gimmicks. The OECD wants the Government to stop allowing people to withdraw funds from their KiwiSaver accounts for their first-homes. It also wants an end to First Home Loans and First Home Grants available to low-income earners and first home buyers.

[artemis]

How did she create it? It's the international situation currently.

Can you explain what aspects of the international situation have created a housing problem here? I am sure there are some, but it is a complex sector.