That dreadful woman stood up on her hind legs in Parliament yesterday and got the year underway. All good socialist stuff about making housing more affordable. More affordable apparently means that people who can't rub two farthings together will be able to buy a house. I'm sure she and Mean Michael would really like to just nick houses off rich pricks and give them to wastes of space whose only interest in life is free recreational pharmacology courtesy of my tax dollar. But even she has not come that far - yet - on her march to the Peoples Collective of Aoteoroa.
So what do we get instead? We get two fings wot I can't quite join together. First fing. The State becomes 30% owner of this new affordable housing. So I am about to buy 30% of crappy houses on crappy estates that I don't want. I will be getting no interest on this investment. Sounds great so far. But there is more. The 70% of these undesirable residences that I don't own will be the proud possession (or more probably not so proud) of the lower income group of the country that has a negligible track record on servicing debt. Smashing. Isn't this called the Sub-prime lending market - the very same that has been such a roaring success in the States?
OK, so far it sucks. Second fing. In order to bring the cost of houses down they think the supply side of things has to be freed up so there is more to buy. Even History Boy can grasp this economic principle - pretty please he can. They will do this by selling Crown land on which to put these cheap tacky dwellings. They will also force (don't this mob love their bit of compulsion) ordinary developers to put this crappy stock in the middle of their developments of nice proper houses. By this two pronged attack they are aiming to drive down the price of houses.
So the second fing is is aimed at driving down the price of the the fing wot we just bought as an investment in the first fing. I will buy a widget off you for a dollar. I will then make four thousand identical widgets so the widget price falls to seventy cents. I will then sell my original widget (price one dollar) for the new market price of seventy cents. I'll then do it again, and again, and again......... I don't understand. If they want to throw money away wholesale just give it to me. I see I didn't win Big Wednesday - again - and I really do need a DB9.
I'm just kidding - I do understand really. This country is being run by a bunch of fiscally irresponsible left wing loonies who shouldn't be allowed to run a corner dairy let alone a sovereign state. This is just the latest of a long litany of stupid populist election bribes that does not stand up to any sort of close scrutiny. This bunch of wastrels has had nine long hideous years to cure all sorts of ills and they have failed spectacularly at every turn. If anyone can't see the latest load of crap coming out as so called new policy for what it is they are even more stupid than I give them credit for.
They have to go.
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