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Daily review 30/06/2022

Written By: - Date published: 5:30 pm, June 30th, 2022 - 28 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

28 comments on “Daily review 30/06/2022 ”

  1. Incognito 1

    Heh! I know it always look better on paper, and Labour cannot put its feet on the table, far from it.

    We removed abortion from the Crimes Act to make sure this is rightly treated as a health issue, …

    https://www.labour.org.nz/news-better_future_women_girls

  2. Incognito 2

    More and more frontline cops! This Government is making steady progress in an area that seems to be on people’s minds a lot.

    https://www.beehive.govt.nz/release/police-wing-355-includes-highest-ever-proportion-w%C4%81hine-m%C4%81ori

  3. National made a stupid post today, got burned again. Some really excellent replies but IMO Clint Smith topped them all

      • roblogic 3.1.1

        That record fails to capture how utterly dire and corrupt National were on housing under FJK. A fake meth scandal, demolishing state houses, massive sell-offs, and throwing our most vulnerable people out onto the street, to live in cars or tents.

        Meanwhile house prices doubled under National’s watch and FJK said t was a sign of “success” and a “rock star economy”. A bloodsucking banker by nature, he knew it was basically a Ponzi scheme, but he passed the parcel before the music stopped.

        And John Key’s new mini-me is no better, calling the victims of neoliberal austerity “bottom feeders”.

        Never vote National.

  4. Anker 5
    • Labour have built 150,000 houses? Really . Evidence?
    • I note it says houses completed, so how many were built under labour. How many completed (not started) under labour?

    how many kiwi build homes? How many Kai Ora houses?

    why so many living in motels? Something doesn’t add up here

  5. joe90 6

    But… changes to tenancy laws were going to drive rents up.

    • Trade Me says the number of available rental properties is at a record high
    • Tenant demand is easing
    • Landlords face vacancies if they increase rents

    Rental properties are sitting vacant because new tenants are hard to find, and landlords need to recognise it is now a “tenant’s market”, property managers are warning.

    https://www.stuff.co.nz/life-style/homed/renting/129128857/wake-up-landlords-the-rental-market-has-changed-property-managers-say

    • lprent 6.1

      Yep. I think there are about 3-4 apartments untenanted in my block at present. Longer times to get suitable tenants. But a matter of a few weeks. Rental stock is getting eaaier to find.

      BTW: I settled on the sale of my old apartment on the 10th. Tenant left to go overseas in April. Decided it was time to get more space for home offices. Both of us now remote work. A 55 sq metre apartment doesn't make that easy.

      Buying more space by selling both apartments and buying a house will cut the costs of hiring a workspace. Looks like house prices are dropping too. Pity I am not allowed to depart Auckland… I am a native Aucklander – but I would like to get out of here. But my southlander partner doesn’t want to waste the time she spent getting used to it.

      Also the cat will (maybe) appreciate a garden. And we'd save on cat litter….

      • Anker 6.1.1

        Time to move all those poor souls in motel units into those empty apartments. Sure be cheaper than motels

    • Jenny how to get there 6.2

      The triumph of greed.

      Who frames the argument, wins the argument

      Private landlords and property managers are claiming that, “tenants are hard to find”

      The large numbers of families stuck in temporary emergency accommodation, in motels, awaiting a permanent home to rent, give lie to that claim.

      The large numbers of families on the state house waiting list also gives lie to the claim by landlords and property managers that tenants are hard to find.

      https://www.scoop.co.nz/stories/PA2205/S00298/state-housing-waitlist-hits-new-record.htm

      State house rents are pegged at 25% of a tenants income.

      Not so, private rents.

      What these middle class Mum & Dad landlords and property managers are really moaning about, is not being unable to find tenants, but being unable to find tenants who can afford the rents they are demanding.

      With falling house prices, the middle class 'Mum & Dad' investors are no longer making the capital gains they hoped would pay for their retirement, and now on a falling market are stuck with loss making rental houses they can't sell. Despite falling house prices rents are still unaffordable, for most low income families. Mum & Pop landlords will try and screw the money they were hoping to make from the capital gains out of their tenants.

      What these middle class landlord property investors and their property managers are really moaning about, is a lack of tenants able to afford the rents they are demanding.

      To stop the tragedy of families living under sheets of polythene in alleyways, while tens of thousands of rental properties stand empty, the government has had to pay for the motel accommodation for homeless families to the tune of $1 billion.

      Govt has spent $1b on emergency housing grants, including motel accommodation

      29 Jun, 2022 05:00 AM

      ….The Government has spent more than $1 billion on emergency housing grants since it came into office five years ago.

      A large proportion of that money has been spent on housing people in need of accommodation in motels across the country.

      Social Development Minister Carmel Sepuloni confirmed through answers to written parliamentary questions that since December 2017, the Government's spent $1.2b through the grants.

      Senior National MP Chris Bishop said this is a grim milestone for the Government….

      …..Sepuloni said using motels for emergency housing was not something the Government wants in the long term.

      “We don't want any New Zealander to be in emergency accommodation – but if there is no other option then we need that there as an option for them.”

      "It's important however that we ensure people have the option of a roof over their heads, and are not forced to sleep in cars or tents," Sepuloni said….

      https://www.nzherald.co.nz/nz/politics/govt-has-spent-1b-on-emergency-housing-grants-including-motel-accommodation/ZISPLXHMVIOIYV34HCE5KSJIVM/

      I notice here that Chris Bishop does not offer any solutions. But I can guess where people like him are coming from. Under a National administration, state house sell offs will continue, the emergency accommodation benefit will be slashed. Low income families will be FORCED onto the private rental market and the tender mercies of the Mum & Pop landlords and their property managers, National voters all.

      Meanwhile the real villains behind the scene, the Aussie owned banks are making record profits.

      Banks post record profits and close in on $5 billion in interest income as mortgage costs spiral

      Rob Stock05:00, Jun 29 2022

      The total interest hoovered up by the banks from households and businesses is on track to top $5 billion​ a quarter as home loan interest rates rise, KPMG says.

      Rising mortgage rates are contributing to a national cost of living crisis and data from the Reserve Bank Te Pūtea Matua showed at the end of April that just under $110b​ of home loans would come to the end of their fixed term before April next year.

      https://www.stuff.co.nz/business/129088338/banks-post-record-profits-and-close-in-on-5-billion-in-interest-income-as-mortgage-costs-spiral

      Neo-liberal dogma, (from both sides of the House), is that we can't interfere with the market, no matter what social wreckage is left in the wake of these eye watering returns.

      The result, more low income families will be squeezed with exorbitant rents and housing insecurity.

      For middle class Mum & Dad investors their plans for retirement will be bust.

      • Stephen D 6.2.1

        Great post Jenny.

        If those Mum and Dad investors are forced to sell, it should mean more properties on the market, thus keeping prices down. The professional landlord class may then buy and rent out at new market rates.

    • Jimmy 6.3

      That is great news for renters. It only seemed like late last year there were numerous articles about rents increasing, and numerous potential tenants turning up at viewings or trying to rent the one property.

      I think this year the increases may be lower, as big increases had previously already gone through. Landlords will simply have to lower their rents to match the demand.

      https://www.newshub.co.nz/home/money/2021/08/housing-rents-rocket-to-all-time-high-record-biggest-annual-increase-with-warning-for-after-lockdown.html

      https://www.stuff.co.nz/life-style/homed/renting/127629043/auckland-rent-increases-last-year-among-the-lowest-in-a-decade

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