Let me get this straight, Labour can green light Billions for property speculators in one of the greatest transfers of wealth top the wealthy in NZ history, but they can’t help Renters OR First Home buyers either???
The Reserve Bank is concerned that half of last year’s first-home buyers could face difficulty servicing their mortgages if mortgage rates hit 6 per cent.
…while ASB walks off with another $743m profit, Labour are still attempting to use failed free market ideas for a housing market mutated by no regulation.
It doesn’t matter if Labour or National are your landlord, the rent still goes up!
With inflation from global shockwaves only growing by the day, we are about to be swamped by intense economic damage.
Currently the only person on the Left even attempting to consider the impact of this is Chloe.
The people on Parliament Lawn, the dispossessed, the ones bearing the harshest economic lash of the mandates have nothing to lose.
Imagine how big it will get when the economic situation gets much worse?
To stave off an economic stampede as Covid broke out, the Government pumped billions into the banks who in turn used that to spark a speculative gold rush that will crucify renters once Adrian Orr has to raise mortgage rates.
Mortgage rates that the Megalandlord scum class will push straight onto their tenants!
The landlord class have a vast power over the renter class who have bugger all!
Surely an explosion of food inflation and oppressive rent hikes must be met with militancy!
A nationwide rent strike with clear instructions to the landlords to get the rent paid by Labour would terrify this nation of property speculators and their political handlers.
Burning down ghost houses should be next.
Previously renter militancy couldn’t be collectively harvested to be effective but social media can do that and so much more!
The politicians, landlords and banks have rigged the game for themselves – if we enter a winter of discontent from greedy landlords raising rents, we should strike back on the place that hurts them most, their wallets and their precious assets!
The truth (like everything else in fucking NZ), is that the under regulated free market has been warped by the wealthy for their interests and all Labour attempt is bullshit tinkering on the sides rather than challenge the dominance of neoliberal theology.
We have allowed the commodification of houses to be a means to make wealth and people are chasing that with all the nuance of meth addicts in a P lab.
If Labour wanted actual solutions, these 3 would do it.
1 – FLOOD MARKET WITH MASS STATE HOUSING REBUILD: End the scum landlord subsidy of housing allowances end putting money into the pockets of unscrupulous motel owners by rapidly building 50 000 new state homes. Scum Landlords can do as they please because the level of desperation amongst renters gives them total power. Flooding the market with 50 000 new state houses would rob scum landlords of that desperation.
2 – STATE HOUSE FOR LIFE: Allow beneficiaries to stay in their state home for life so that they can create stable communities and that their desperation is never transported back to Landlords.
3 – DEPOSIT RESTRICTIONS: First time home buys should be required to have 10% deposit, but the more properties you own, the higher the deposit. The reason the speculators can out buy any first time home owner is because they can use their multiple properties to leverage more debt. If you are a property speculator, you need to turn up with a 70% deposit to counter the leverage multiple properties allows them.
If Labour want to actually solve the problem they have to regulate the market and re-set it so that speculation is punished while first home ownership and housing of the poor is championed.
For too long we have allowed the the rich to dictate the rules, if Labour’s kindness is to be meaningful, it needs to challenge that dynamic.
Unfortunately Labour are not looking for solutions, they are looking for the pretence of a solution to ease criticism from their Left.
A rent strike would force Labour to do something more meaningful than tilting their head to one side and nodding sadly!
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Original Source: https://thedailyblog.co.nz/2022/02/13/so-labour-cant-help-renters-or-first-home-buyers-the-economic-apocalypse-will-see-you-now/