Written By: - Date published: 10:04 am, June 27th, 2011 - 30 comments
Brownlee has known for months about the fishhooks in the red-zone buyout plan. Incredibly, he has done nothing to address them. The rules of the bailout package aren’t even written. It was rushed out unfinished for political reasons. How can it take so long to write these simple rules? Only explanation is a lazy, useless, incompetent minister.
Written By: - Date published: 11:47 am, June 25th, 2011 - 61 comments
The weaknesses in govt’s Christchurch buyout plan were pretty obvious. Option 1: GV for land & property, would not be enough to buy replacement for most. Option 2: GV for land – activate replacement clause in insurance contract for house, would only work if insurer agreed house was a complete write-off. Option 2 failing already.
Written By: - Date published: 7:15 am, June 24th, 2011 - 70 comments
The buy out offer comes as a relief for many (but not all) of the red zone residents. Twice as many are still in limbo. The fate of the uninsured will be a major issue. Is an uninsured resident of Avonside any less deserving of government help than an investor in a dodgy finance company?
Written By: - Date published: 6:15 am, June 23rd, 2011 - 57 comments
The main details of the government’s plan for the worst affected Christchurch suburbs have been release via TV3. Partly good, partly bad, partly ugly. While some families will be relieved and happy, others will be angry, and still more will remain in limbo. This is only the start of what is going to be a hugely complicated process.