Hell yeah adding it to my party’s policy list next to banning seatbelts, increasing insulin prices and bringing back Asbestos.
(Teensy-weensy more complicated than that if you read the article)
BirdieNZ on
The old pickle: wants wages to rise faster than house price inflation, but wages affect rents and rents affect house prices. As always, by George, land tax would fix this (but not create property price inflation).
For those not in NZ, the current government (three parties in coalition, more or less “right wing” of various flavours) are united in their support for various forms of rentier behaviour, in the form of landlording, natural resource extraction without appropriate tax on the resources, and selling off of state assets or reducing their effectiveness to force residents into seeking out private alternatives for healthcare, education, and so on (to the great benefit of the owners of those private alternatives).
6 Comments
Lol
Hell yeah adding it to my party’s policy list next to banning seatbelts, increasing insulin prices and bringing back Asbestos.
(Teensy-weensy more complicated than that if you read the article)
The old pickle: wants wages to rise faster than house price inflation, but wages affect rents and rents affect house prices. As always, by George, land tax would fix this (but not create property price inflation).
For those not in NZ, the current government (three parties in coalition, more or less “right wing” of various flavours) are united in their support for various forms of rentier behaviour, in the form of landlording, natural resource extraction without appropriate tax on the resources, and selling off of state assets or reducing their effectiveness to force residents into seeking out private alternatives for healthcare, education, and so on (to the great benefit of the owners of those private alternatives).
https://preview.redd.it/7s3qj06jg2lf1.png?width=600&format=png&auto=webp&s=ee4acaf8a67fbe94726f3dd189b3634149434009
House prices aren’t exactly cheap to begin with.
Luxon has also been outspoken in his opposition to higher density housing [in his own electorate](https://newsroom.co.nz/2024/08/02/fast-track-panel-hears-pms-objection-in-rejecting-botany-apartment-block/). In opposition Chris Luxon opposed Medium Density Residential Standards Bill, despite the bill being Championed by his Housing Minister, Chris Bishop & PM Chris Hipkins.
He also has a substantial rental portfolio.
https://preview.redd.it/mprbam8oh2lf1.png?width=728&format=png&auto=webp&s=990a8d04ad1bb938b503ec2740c9ce42e1f25c9f
“Man who owns lots of houses keen to protect own interests”