KiwiBuild - Labour's latest spectacularly stupid idea.

[McDuck]

Of course they will keep voting for them.
Who else is going to give them "free" stuff?
Work for it? No thanks.

I thought a lot of property investors benefited from the labour government's previous building sprees.

And have done so tremendously well form it in the past.

Isn't it way easier to swoop in on a state built house and reno and flip It, than to take the hit on the construction and development costs of a new one?.

Wasn't it Bob Jones that said "let the land of out forefathers , stay the land of our forefathers" or something to that effect.

[Don't believe the Hype]

demand for kiwibuild houses in Wanaka through the roof... 10 build, 20 people in the ballot

https://www.stuff.co.nz/business/property/108354982/wanaka-kiwibuild-ballot-deadline-extended-to-give-people-more-time

The plan is to build 211 in wanaka - looks like that's 190 more than needed.

https://www.stuff.co.nz/national/politics/107471425/211-kiwibuilds-to-be-built-in-wanaka-with-10-open-soon?rm=m

[eri]

maaaate.....

sure some young drs. in love

could use a southern lake house

3yr flick

to pay back

some student loans

drs are people too!

[Davo36]

maaaate.....

sure some young drs. in love

could use a southern lake house

3yr flick

to pay back

some student loans

drs are people too!

And in addition to that, could the doctor not move to Sydney where the wages are higher and rent out the kiwibuild home whilst they're there?

Then flick it to pay off the loan as you say.

Or do they have to live in it?

[Perry]

Spin It As You Will

Or do they have to live in it?

I dimly recall that's one of the conditions - yes.

I wonder how many PT forumites followed the links . . . . ?

This was most telling:

Perhaps the political left shouldn't be surprised that KiwiBuild isn't aimed at the poorest in our society. After all, the modern Labour Party is more focused on winning middle-class voters. As Martin van Beynen explains today, Kiwibuild's targeting of more well-off New Zealanders is actually by design: "There was another important benefit for Labour in the Papakura welcome. It has made it look like more of a middle-class party" – see: Housing crisis – Method in Labour's KiwiBuild madness.

He explains the electoral calculation behind Labour's policy making: "The poor and the strugglers will always vote Labour or for some one man-cult like NZ First. So that vote is sort of guaranteed and spending some money on social housing is preaching to the choir… It is the middle that decides who governs. The house welcome showed that Labour is not only a party for strugglers. It showed it was awake to the aspirations of young, middle-class achievers who were battling to afford a home in unaffordable Auckland."

Of course, the Government has replied to its leftwing critics, pointing out that such disappointment with Kiwibuild is misplaced, as it was never intended to be a scheme for the poor or homeless. And they point to Housing New Zealand and state housing as other parts of the equation working to fix the housing crisis.

The problem is, Kiwibuild was sold by Labour during the election as their response to the housing crisis. Yes, there might have been some fine print to suggest otherwise, but that was the impression that Labour deliberately used to win a lot of votes. As yesterday's New Zealand Herald editorial stated, "Twyford must carry much of the blame for that false impression which dates from last year's election campaign when he put housing affordability and homelessness into the same breathless 'crisis'." – see: KiwiBuild houses never for the poor.

Similarly, Labour has sought to associate the introduction of Kiwibuild with the imagery and symbolism of the first Labour Government's massive state housing builds, even appropriating Michael Joseph Savage for the task. As Jane Clifton says in her Listener column this week, "KiwiBuild was rhetorically styled as Savage's second coming".

https://www.nzherald.co.nz/nz/news/a...ectid=12154010

So, according to that commentator, it was all lies and spin from the start.

No surprises, there.

Doubtless Dhil is unabashed, unapologetic and unashamed.

Roll on the next General Election!

[artemis]

And in addition to that, could the doctor not move to Sydney where the wages are higher and rent out the kiwibuild home whilst they're there?
Then flick it to pay off the loan as you say.
Or do they have to live in it?

It has to be their principal residence for 3 years, unless the owners get prior approval from the Kiwibuild unit to rent out or sell. If they do sell or rent out in the three years they have to pay back to the government 30% of capital gain or 30% of gross rents received. They are allowed flatmates or boarders though.

[eri]

like rust

committees dedicated to increasing taxes

never sleep

esp. under labour

https://www.stuff.co.nz/business/money/108380105/house-value-capture-tax-suggested-by-productivity-commission

Sherwin said local councils needed new ways to fund their work.

"We have a problem with cities. The rapidly growing ones are right up against their debt limits, and they are struggling to raise the revenue they need off their rates bases," he said.
This included Auckland, which had grown rapidly over the past two decades, and its population was projected to increase by another 550 000 people over the next 20 years.

But some councils face quite a different problem: population stagnation or decline.

so if your property values fell

would you get a tax rebate, pay less rates?

of course not!

it's like the journalist asking the crim why he rob banks

"because that's where the money is!"

they're looking at the whole problem wrong

they have decided they must have everything, preferably gold-plated, and now

then they go after anyone smart enough to have invested their earnings

why can't they live within their means?

why can't they go back to council core activities?

[Nick G]

Slow news day if that kind of rubbish is getting shared.

[Perry]

why can't they live within their means?
why can't they go back to council core activities?

Because that runs contrary to their empire-building ethos.

[Perry]

Housing analyst says soaring land prices Auckland's key housing obstacle
17 Nov 2018

A housing commentator says the Government's Kiwibuild programme might not be necessary if more was done to reduce the price of land. Rodney Dickens of Strategic Risk Analysis said his figures showed that Auckland section prices in October now made up 67 per cent of the median house price, compared to 41 per cent in January 1993. That meant the house itself, and improvements, was worth less than a third of the price.

"In a country with an extremely low population density it is madness that it costs more on average for a section than for the house built on it, even in the largest region," he wrote in his latest newsletter.

Ground control to Major Dhil - fix the RMA and development levies and maybe all else might be solved and you forgiven?

[Wayne]

Ground control to Major Dhil - fix the RMA and development levies and maybe all else might be solved and you forgiven?

What is the fix to the development levies?
In the end someone has to pay - who and how?

[Perry]

Another worry muck up.

Dhil'll fix it - for sure.

[Don't believe the Hype]

Good signs over at the kiwibuild HQ

http://nzh.tw/12173087

On another note it’s likely they can’t sell the Wanaka ones so it could become KiwiRent. I would vote Twitford for PM (Property Manager)

[Perry]

Looks like the Dhil Twitford pipe dream going down the gurgler.

[Rigi]

Chief Executive resigns and only 240 people to buy 4000 houses !

from the news story on stuff