Labour govt 2020-23

[Logen Ninefingers]

https://i.stuff.co.nz/pou-tiaki/1294...als-researcher

‘The use of the haka in the popular Netflix show The Crown insults and abuses the fierce ceremonial challenge, a leading researcher says.

An analysis published on Thursday by Dr Byron Rangiwai argues that the representation of haka in The Crown is “utterly inappropriate and insults and abuses the traditional Māori dance”.

Rangiwai (Ngāi Tuhoe, Ngāti Porou, Ngāti Manawa, Ngāti Whare) says that The Crown magnifies the colonial gaze of Māori imagery.‘

[Logen Ninefingers]

Fall out from the disastrous Labour government and Reserve Bank policies which pumped up the Property Ponzi Scheme -

https://i.stuff.co.nz/business/12947...egative-equity

‘Hundreds of first-home buyers in Wellington are estimated to now be in negative equity because of persistent price falls across the region, CoreLogic analysis shows.

CoreLogic head of research Nick Goodall said an estimated 34% of first-home buyers who purchased in the capital during final quarter of 2021 were now in negative equity, with mortgages bigger than their homes were worth.

In Upper Hutt the proportion was 48%, in Lower Hutt it was 43%, and in Porirua it was 31%.‘

[tim23]

Fall out from the disastrous Labour government and Reserve Bank policies which pumped up the Property Ponzi Scheme -

https://i.stuff.co.nz/business/12947...egative-equity

‘Hundreds of first-home buyers in Wellington are estimated to now be in negative equity because of persistent price falls across the region, CoreLogic analysis shows.

CoreLogic head of research Nick Goodall said an estimated 34% of first-home buyers who purchased in the capital during final quarter of 2021 were now in negative equity, with mortgages bigger than their homes were worth.

In Upper Hutt the proportion was 48%, in Lower Hutt it was 43%, and in Porirua it was 31%.‘

Hold on - no one made anyone buy a property and no market is a one way bet, hardly the governments fault.

[nztx]

Hold on - no one made anyone buy a property and no market is a one way bet, hardly the governments fault.

Where is all the new affordable Housing that Labour promised everyone then ?

Labour have made the rental market increasingly expensive, with further rates, insurance & interest increases likely,
not to mention their policies on lending inflating values into the clouds even for those who actually make it off the rental noose - and are now seeing Negative equity and rising interest rates.

Where and how the h*ll are people supposed to find an affordable roof over their heads ?

This was one of Labour's flagstaff policies, wasn't it ?

So far what is obvious is nothing short of:

LABOUR HAVE LET EVERYONE DOWN BADLY

[tim23]

Where is all the new affordable Housing that Labour promised everyone then ?

Labour have made the rental market increasingly expensive, with further rates, insurance & interest increases likely,
not to mention their policies on lending inflating values into the clouds even for those who actually make it off the rental
scene - now seeing Negative equity

Where and how the h*ll are people supposed to find an affordable roof over their heads ?

This was one of Labour's flagstaff policies, wasn't it ?

So far what is obvious is nothing short of:

LABOUR HAVE LET EVERYONE DOWN BADLY

Your reply doesn’t even refute my “one way bet” it’s not the government’s fault - it’s the market stupid

[Baa_Baa]

Hold on - no one made anyone buy a property and no market is a one way bet, hardly the governments fault.

Agree no one held a gun to peoples head and forced them to buy property. However, the government is a major contributor to the house price inflation through massive sustained economic monetary stimulus and subsequent severe controls over rental property owners, buyers access to capital, and now inflation eroding the value of money and hiking mortgage interest rates. The Government is not just complicit in all of these market forces, it is the largest player by far and openly manipulates the market through various interventions and controls.

[tim23]

Agree no one held a gun to peoples head and forced them to buy property. However, the government is a major contributor to the house price inflation through massive sustained economic monetary stimulus and subsequent severe controls over rental property owners, buyers access to capital, and now inflation eroding the value of money and hiking mortgage interest rates. The Government is not just complicit in all of these market forces, it is the largest player by far and openly manipulates the market through various interventions and controls.

I have no sympathy for rental property owners either- bludgers off the Accommodation Supplement

[Baa_Baa]

Your reply doesn’t even refute my “one way bet” it’s not the government’s fault - it’s the market stupid

I have no sympathy for rental property owners either- bludgers off the Accommodation Supplement

Your argument seems ill-informed and somewhat emotional. So how about explaining why you disagree that the government is not at fault, when it seems plain and obvious that the government interventions and controls have resulted in extreme volatility in housing prices?

[Panda-NZ-]

Ardern is not PM of the US, UK or Australia where the same issues are happening too.

[dobby41]

‘Hundreds of first-home buyers in Wellington are estimated to now be in negative equity because of persistent price falls across the region, CoreLogic analysis shows.‘

They aren't going to lose their homes so long as they keep paying the mortgage so it really doesn't matter.
They thought that the house was fine before and what they paid was 'fair' so what has really changed?