NRT: Fixing Christchurch
Labour has announced another part of its package to fix Christchurch: an immediate crash home-building plan. The market has failed, so the government has to step in. Its that simple. As for why the market has failed, there’s the ongoing insurance problems of course, but perhaps this also has something to do with it. Living costs in ChCh are exceeding wages and the construction industry is pocketing the difference. Labour is also changing the rules about exploiting overseas labour.