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What department? The ministry of Construction Industry, Housing and Utilities Sector (Aotearoa Federation)
The Ministry carries out development and implementation of the state policy and regulation in the field of construction, architecture, urban planning, housing and utilities, provides public services and manages state property in the relevant field. Kiwi build is great example of socialist undertaking in furtherment of supreme leader Ardern.
Who came up with the idea of the Unitary plan?
Usually these things can be raced back to one person.
I remember John Key saying something about young people having to lower their expectation to a small apartment.
(That was ages ago, when he was PM).
What department? The ministry of Construction Industry, Housing and Utilities Sector (Aotearoa Federation)
The Ministry carries out development and implementation of the state policy and regulation in the field of construction, architecture, urban planning, housing and utilities, provides public services and manages state property in the relevant field. Kiwi build is great example of socialist undertaking in furtherment of supreme leader Ardern.
I worry that not only do homeowners have to show affordability assuming a mortgage rate of 6.5 per cent, but they now also face scrutiny of their living expenses.Lenders are now forced to trawl through bank statements in detail looking at every aspect of your life. They are being asked to assess the way you live, where you shop, and what you buy.
Do you spend too much on Friday nights? Should you have purchased those shoes on Afterpay? Will you get pregnant in the next 12 months? It’s all up for interpretation. And if lenders don’t do that, or the regulator thinks they got it wrong, they could end up with a fine of up to $200,000 falling on the individual responsible.
The problem with CCCFA legislation is that it is designed for high-risk consumer finance lending and dealing with finance companies, but it covers everything including mortgages. It is poorly designed and feels as though it’s been bulldozed through without proper consultation or genuinely listening to market feedback. It will fail homeowners and has serious unintended consequences.
Oh, dear!
Time for Edwards to saddle up, ride down to the banks' credit departments and put them right. RIP first home buyers
13 Nov 2021
Or is it a matter of different rules for banks and LLs?
Silly me. Of course it is. Labour likely speculates that renters are among their core voters; home buyers being less likely so.
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