Managing Expectations – the NZ Housing crisis and Labour’s response.

Watching the 2023 election campaign in New Zealand, one of Labour’s challenges appears to be that it has failed to manage voters’ expectations over the last six years. Recalling the election campaign in 2017, Jacinda Ardern gave people hope that politics could be different. However government is about handling problems – like building at scale and pandemics.

Ardern cautious on capital gains tax

Jacinda Ardern will not campaign on a capital gains tax, but will seek advice and will not rule it out in a first term. The Nats have introduced a week form of CGT already. A more robust version needs serious consideration.

Nat insults Indian community

Lots of big stuff going on at the moment, but other stories are significant too. The extent of the coverage of this blunder will be worrying the Nats.

Ratepayers vs affordable housing

The mess surrounding and “affordable” housing development in Manukau highlights a dilemma that sets ratepayers against those in need of a home. This needs leadership from central government. I won’t hold my breath.

Compare two housing plans

It must be election year, because National has admitted that the market has failed, and swallowed the dead rat of state building. A useful graphic summary in The Herald lets you compare National and Labour’s housing plans…

Warnings on Auckland Housing

Warnings on the state of the Auckland housing market are coming thick and fast now. People who bought recently (at the peak of prices and low interest rates) are likely to get burned.

Motels are not state houses

It’s almost as if deliberately running down state housing stock doesn’t make the need for homes magically go away – who could possibly have predicted that?

Spinoff series – rent week

While much of the coverage of the housing crisis focuses on buyers, the situation facing renters is just as bad. Last week The Spinoff ran an excellent series on renting in NZ: “It’s getting desperate out there”.

A tenant’s tale

“And when I saw that article in the NZ Herald this morning , in light of whats been happening to so many New Zealander family’s having to sleep in cars and the like over the past few years – I thought ”FUCK IT !!”… Im going to say something.”

Household debt

The IMF warns that our household debt is far too high, as desperate tenants start raiding the Kiwisaver accounts to pay the rent.