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John Campbell slams Poto Williams for lack of progress on home affordability
#35
(06-02-2022, 11:06 AM)Wainuiguy Wrote:
(06-02-2022, 10:21 AM)king1 Wrote: Ok my last word on the matter - although some of those policies you mentioned may have contributed to a landlords costs, that is only half a miniscule influence compared to the real problem...

Not enough houses equals shortage of supply
Shortage of supply tends to push up prices given the same amount of demand
In New Zealand we also had an ever increasing demand due to population growth over 30/40 years
So supply is restricted, demand is increasing, price goes up, lots...

If there was an oversupply, landlords would be forced to lower their rents because there would be too many houses available and they will sit empty - too much choice for tenants. 

The only effect of increasing landlord's costs (all those policies you mention) is the landlord needs to decide whether they can still  make the numbers add up and hopefully make a profit.  It has very little influence on what rate they can rent their property in the market, that is set by the market itself... 

It is basic supply and demand problem.  Read up, it explains a lot about the way markets work
https://www.investopedia.com/terms/l/law...demand.asp

You can blame labour policies for it all you like but they were only tinkering around the edges.  
The bigger crime is National denying there was a housing crisis for a full nine years
Hahahahaha your last words are But, but, but, National!  

But yes you and right supply is the issue.  Where was Labour when National wanted to amend the RMA?  As said previously  and you failed to address then, these changes are very similar to the ones Labour want to introduce now but that would have occured 7 years ago.  Too stupid playing petty politics to help solve try and solve the issue.

And many landlords couldn't make the numbers work so sold their rentals.  Creating further stress on the rental market.

Of course you won't rebut this because you had for final words.  But, but, but National!  The cry of the loser left.


You've yet to explain just how Labour is solely responsible for the present housing situation. 

Hardly surprising, since as has been said by several posters now, both Labour & National are responsible due to their policies over the last few decades. Both parties  embraced Neo liberalism, as has happened in some other western countries.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)
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RE: John Campbell slams Poto Williams for lack of progress on home affordability - by Lilith7 - 06-02-2022, 01:53 PM

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