John Campbell slams Poto Williams for lack of progress on home affordability

[Lilith7]

A tough nut to crack indeed.

Dubious as to whether they (or any party) could have achieved anything with regards to home affordablity. A little tinkering at the periphery was never going to have a major impact. Of course, now isn't the right time for drastic changes, or so I'm told by the Opposition.

Always amuses me when a political party agrees with a negative assertion by an interviewer and basically says "yeah, we must do better." For a second, they turn into an awkward teenager staring down, quietly shuffling their feet.

Created?

Yes. Created.

NOT alone & unaided, they didn't. The housing problem has sadly been with us for years now; even John Key  mentioned it in a speech back before his party become govt back in 2007.
Although of course, once they became govt then there was magically apparently no longer any housing crisis.

The problem is now so huge that it might need several methods at once to fix it & even then, it can't be done quickly because its taken decades to get to this stage.
What's needed is an end to talking about it endlessly & just damn well do it - as Hunni said, a rent freeze would be an excellent start.

Midnight tonight would be a good time to slap one on, no advance warning whatsoever so landlords can't raise the rent immediately prior to it.




http://www.scoop.co.nz/stories/PA0708/S00336.htm


"This decline shows no signs of slowing. In fact, on current trends, the crisis will only deepen. Home ownership rates are predicted to plummet to 60% within the next decade. And one of the biggest factors influencing home-ownership rates over the next 10 years will be the difficulty young buyers will have getting into their first home.
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This problem wonÔÇÖt be solved by knee-jerk, quick-fix plans. And it wonÔÇÖt be curbed with one or two government-sponsored building developments."