web analytics

The state housing sell-off

Written By: - Date published: 7:02 am, May 8th, 2015 - 7 comments
Categories: business, class war, housing, national, Privatisation - Tags:

The Nats’ plan to sell off state houses is moving forward quickly:

First regions chosen in social housing shake-up

The Government says it is using Tauranga and Invercargill as a test case for the transition of state houses to community housing providers (CHP). … The two regions have been chosen as the first areas as part of the Government’s plan to hand over between 1000 and 2000 Housing New Zealand (HNZ) homes to registered CHPs over the next year.

As per the title of this piece, National are spinning this as a plan for “social housing”:

Ms Bennett says providers in other regions have also expressed interest. “This is a great opportunity for these areas to deliver services locally. We know that vulnerable New Zealanders do better when services are delivered by local people for local people.”

What a load of rapidly spinning bollocks. As the Greens point out:

Govt won’t rule out state-house sales to foreign buyers

Bill English’s refusal in Parliament today to rule out selling state houses to non-resident foreign individuals or companies, or put a restriction on those groups selling them on for non social-housing use, demonstrates that the Government’s “social housing reform” is just a state-house sell off.

“We have to ask ourselves why these non-resident off-shore investors would possibly want to be social housing landlords in New Zealand.

“Is it because they genuinely care about providing a good service to vulnerable, needy Kiwis or is it because they’re snapping them up with the intention of waiting for the properties to appreciate in value, before selling them on as soon as they can?

“National’s state-house sell-off isn’t about providing a better or more efficient service, or any of the other lines they’ve spouted so far – it’s about money, pure and simple.

“The Government’s state-house sell-off is a disaster for vulnerable New Zealanders and it’s time the Government called it what it really is ­– a land grab,” said Mrs Turei.

If National were serious about their “social housing” spin they would place restrictions on the use and resale of these houses. Without such protections it’s just another privatisation of public assets.

7 comments on “The state housing sell-off ”

  1. millsy 1

    You know, its too bad the left cannot get off their asses and gain control of the various community trusts that control millions of dollars of cash, and buy the for sale state housing.

  2. Sanctuary 2

    “…“We have to ask ourselves why these non-resident off-shore investors would possibly want to be social housing landlords in New Zealand….”

    The Anglo-Irish absentee Landlords who lived the high life in London on the backs of their hovel dwelling tenants (who starved more often than not) spring to mind.

  3. joe90 3

    “We have to ask ourselves why these non-resident off-shore investors would possibly want to be social housing landlords in New Zealand.

    Nah, we know why.

    Within three years, private equity firms or developers backed by private equity money had scarfed up 90,000 rent-regulated apartments, a full 10 percent of the total stock, according to the Association for Neighborhood and Housing Development.


    The failing housing market has provided private equity firms like Goldman Sachs and Blackstone an opportunity to raise rents after purchasing homes at low cost. Since 2007, there have been more than 550,000 home foreclosures, forcing thousands of families onto the street or to squat in empty housing.


  4. tc 4

    Gotta reward the backers with tax free property gains and who better to front it than pullya benefit.

    SCF was a one off dash for cash for shonkys banksta mates whereas this ones been on the back burner awhile now.

  5. seeker 5

    And with all key’s global disciples in the IDU U they will only be too happy to do his bidding to become global landlords if he so desires. Don’t forget key too has an extra tool to get what he wants……….. hair yanking……and he doesn’t mind whether it’s male or female hair.

    IDU… International Democratic Union

  6. Draco T Bastard 6

    National’s state-house sell-off isn’t about providing a better or more efficient service, or any of the other lines they’ve spouted so far – it’s about money, pure and simple.

    The only thing keeping the economy going at the moment is the housing bubble as it continues to massively increase the amount of money in circulation in NZ. And even then the money isn’t spread around enough to do much which is why we’re seeing such low inflation rates.

    IMO, the NZ economy would be in a deflationary spiral without the housing bubble and National knows it and, as they have no ideas as to what to do to rebalance the economy, they have to keep the housing bubble going. NZ’s economy is probably as bad as, if not worse, than Greece’s was in when the GFC hit and we’re on course for our own financial meltdown in the not too distant future.

Recent Comments

Recent Posts

  • Government's response to preliminary referendums' results
    Minister of Justice Andrew Little has acknowledged the provisional results of the two referendums voted on in the 2020 General Election. New Zealanders were asked whether they supported the proposed Cannabis Legalisation and Control Bill, and whether they supported the End of Life Choice Act 2019 coming into force. On ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • New testing requirements for international maritime crew arriving in NZ
    The Government is moving to provide further protection against the chance of COVID-19 entering New Zealand through the maritime border.  “Yesterday I instructed officials to consult with the maritime sector around tightening of the requirements for international maritime crew entering the country,” Health Minister Chris Hipkins said.  “Ultimately, this will ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Fast-tracked Northland water project will accelerate economic recovery
    The Government has welcomed the decision to approve a new water storage reservoir in Northland, the first of a number of infrastructure projects earmarked for a speedy consenting process that aims to accelerate New Zealand’s economic recovery from Covid-19.  The Matawii Water Storage Reservoir will provide drinking water for Kaikohe, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    3 weeks ago