It’s an irony that politicians screech loudly that something must be done to take care of this or that.
With an election coming up the Labour led government now want to fix is housing affordability. A Bill has been introduced to Parliament to make housing more affordable. They are willing to impose draconian measures on councils, rate payers and developers to achieve just that. If only they stopped for one moment realised that it is the pols that have caused the problem in the first place. It is the restriction on the supply of land that causes the price of it the go through the roof. Politicians have strangled the land supply with growth restrictions such as Auckland’s Metropolitan Urban Limits. It’s supply and demand. It’s not rocket science - increase the supply and the price will come down.
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