https://www.abc.net.au/news/2023-01-...ster/101871232
from abc.net.au
Jacinda Ardern announces resignation as New Zealand prime minister
In the same issue is this on housing in Aussie:
https://www.abc.net.au/news/2023-01-...2024/101860220
Are more property investors the solution?
Everybody is already aware of the NZ Shoot from the Hip, to h4ll with the consequences knee jerk decisions
coming out of blind Robbo's cave and before that a previous administration further inflating the issue
of out what was previously (There was very little of an issue when the cunning but do little to rock the
political boat Cullen was Finance Minister occupying what is now Robbo's seat, but obviously a far
smarter version of Finance Minister than Robbo will likely ever be ;) )
Obviously responsibility for current housing mess in Kiwiland can be quite clearly attributed
to those back in the Beehive - the Blind and Stupid Robbo, Dwarf Woods, Dozy asleep Twyford
along with those back in an earlier administration who started the seemingly blind cycle
of Political rot that has resulted in today's ballooning issues ;)
* Who were the idiots who whipped off Building depreciation claims from Rental housing ?
* Who were the idiots who brought in unworkable Loan to Value ratios ?
* Who were the idiots who thought they could control market prices from the walls of their polltical
kindergarten ?
* Who were the idiots who further rode with unworkable Loan to Value ratios making them even
more unworkable ?
* Who were the idiots who decided that interest deductibility might help control the rental market ?
* Who were the idiots who minted so much free money that it in turn saw inflated values of assets as the real spending power of the local fiat was a fraction of what it was previously ?
* Who were the idiots who decided that new housing initiatives would become a Govt or Quazi Govt controlled project after they froze and drove other private operators all but out of the market ?
* Who were the idiots who racheted up compliance costs & requirements in the rental market
while wondering why Rents went exponentally higher ?
* Who were the idiots who then decided that Govt & Quazi Govt Landlords should be granted
exemptions from compliance on the onerous requirements imposed on other players in the market ?
* Who were the idiots who then decided that Rent increases be restricted with disregard for rising costs ?
* Who were the idiots who have consistently failed to deliver on their own promises of housing build numbers over the entire tenure of their reign ?
All of these idiots responsible for the growing mess are or were inhabitants of Wellington's Beehive
Who paid the price and will continue to do so for decades ahead for this growing housing shambles ? ;)