Does New Zealand really have a housing crisis or is it a mass migration crisis. Without mass migration and downward pressure on wages. Wages would rise, businesses would have to compete for labour as well as for capital and the best business models would win.
Without mass migration housing availability would increase dramatically. Kiwis are not having a replacement level of babies, we are in fact far from replacement. Housing costs would reduce relative to wages. Over time we could actually return to normality, housing costs being 25% or less of wages.
I do not see the current situation changing. Mass migration does meet the needs of capital, it suppresses wages and inflates asset prices. That is why we have mass migration because capital demands it.
We have run the mass migration experiment for a long time and the results are in. Kiwis are getting relatively poorer and poorer.
This is not an anti immigrant rant, this is not an anti capitalist rant. All I am saying is, the current situation meets the needs of capital , to the detriment of people, . People born her and migrants as well. As soon as migrants arrive the same pressures are put on them.
It is very good that we have politicians who have the financial ability to invest in housing showing they have educated themselves and worked hard to acquire some substance. They will no doubt be keen to help others work and prosper after educating themselves. We need to encourage people to succeed not denergrate those who do.
Does New Zealand really have a housing crisis or is it a mass migration crisis. Without mass migration and downward pressure on wages. Wages would rise, businesses would have to compete for labour as well as for capital and the best business models would win.
Without mass migration housing availability would increase dramatically. Kiwis are not having a replacement level of babies, we are in fact far from replacement. Housing costs would reduce relative to wages. Over time we could actually return to normality, housing costs being 25% or less of wages.
I do not see the current situation changing. Mass migration does meet the needs of capital, it suppresses wages and inflates asset prices. That is why we have mass migration because capital demands it.
We have run the mass migration experiment for a long time and the results are in. Kiwis are getting relatively poorer and poorer.
This is not an anti immigrant rant, this is not an anti capitalist rant. All I am saying is, the current situation meets the needs of capital , to the detriment of people, . People born her and migrants as well. As soon as migrants arrive the same pressures are put on them.
When COVID shut the borders, house prices didn't necessarily drop.
NZ MPs (and also the Chinese population) over-invest in houses because government policy makes real estate the best and safest place to put savings.
Chris Bishop's efforts to free up land supply for housing should be supported.
I'm not a supporter of Minister Bishop, but for once he's seen sense with his approval of most of Wellington's upzoning proposals.
It is very good that we have politicians who have the financial ability to invest in housing showing they have educated themselves and worked hard to acquire some substance. They will no doubt be keen to help others work and prosper after educating themselves. We need to encourage people to succeed not denergrate those who do.