Originally Posted by
Blue Skies
Incredibly disappointing to see Grant Robertson on the news tonight after agreeing house prices will fall next year, hastily adding but they're expected to rise again later.
Sheer political expediency. Grant looking too scared of losing votes to seriously address the housing affordability crisis.
Or maybe they are seriously worried about a crash.
Here we are spending $1 million per day paying for emergency housing, kids growing up in motels, its outrageous, & this from a Labour govt who promised to fix the problem.
House prices need to come back, just shelling out increasing amounts every year for emergency housing is no solution.
Here we have the most unaffordable house prices in the OECD with huge household indebtedness constraining other spending & investment in productive parts of the economy.