- #1683836mommabear70MemberMember since: February 20, 2017
Replies: 1680mommabear70 June 14, 2018 at 2:46 pm
So let’s be generous and say that Phil Twyford’s Kiwibuild is getting 18 houses built at Papakura.
Last December Housing Minister Phil Twyford said he hoped to open the door of a new KiwiBuild home by mid-2018.
Clearly that’s not going to happen.
Late in April 2018 at the McLennan Development, Twyford stated “Now, as the frames start to go up, is a fitting time to announce these are the first KiwiBuild homes. “We’ve got the first batch of 18 Kiwibuild houses that we expect families will be moving into them by October.”
October? Which is, of course, not mid-2018.
The significance of October is, October is one year in.
One year into Government, he will have 18 homes built. His promise was 10,000.
So here’s the maths – 10,000 minus 18 leaves you 9,982 short.
Twyford keeps moving the goalposts.
The first proclamation was ‘ In our first 100 days, we’ll hit the ground running and start building Kiwibuild homes.
Then the keys were going in the door of a new KiwiBuild home by mid-2018.
Then the Kiwibuild project wasn’t starting until July 1, despite the frames for 18 going up in April.
I wonder how much money Twyford tossed to the McLennan Developer?
Not enough it would appear. Talk amongst developers is they’re all singing from the same song sheet at the moment, the market is very fluid, things are very uncertain in the house building area at the moment.
And they all seem to think this government is, at least, partially to blame.
A report out from Colliers this week says developers aren’t building with any urgency so the problem here is, basically, building is in a holding pattern.
Auckland housing targets may not be met as developers come up against a wall of feasibility issues, a real estate agency says.
Colliers spokesman Alan McMahon said residential building consents reached a 13-year high in the year to April but low pre-sales and rising construction costs were making it hard for developers to secure bank funding.
A lot of land bought in Auckland between 2013 and 2016 was on the assumption of rising house prices, he said.
But prices had slowed and construction costs had increased – rising 5 per cent in the past year alone.
The housing targets are not going to be met. There’s a whole lot of feasibility issues, construction costs are going up, there are very low pre-sales, bank funding is an issue, landowners can’t sell or develop for a profit.
Essentially, they’re sitting tight and not doing what they should be doing which is building.
So as each and every day goes by, and as Phil Twyford waits for October to turn the keys on his first 18 Kiwibuild houses, just the 9982 short for the first year in office, he’s going to run into a wall of difficulty.
They’ve got all the old issues they needed to iron out and smooth over.
The RMA, the councils, the consents and the costs. None of it’s been fixed.
And if it hasn’t been fixed you’re not going forward are you?#1683844jensMemberMember since: May 3, 2006
Replies: 7553jens June 14, 2018 at 4:13 pm
TedE – If 3% interest state advance housing loans did not earn a profit above the inflation or currency devaluation rate at that time, they were unprofitable for the bulk of taxpayers – for the benefit or profit of those loans receiving minority.
The bigger the percentage of the benefit receivers, the harder it becomes for those having to finance it, (same as with our NZ Super sustainability), and in principle I am prepared to argue, that this is the reason why those “goodies” became politically unpopular – because their economic sustainability became harder and harder.
If all or some of that is wrong or does not contain the answers to all your questions, let us know.
Profitability I believe is normally measured by a surplus of income over expenses incurred for creating or receiving that income.
If a 3% loan does not cover inflation and administration costs, is it then not clearly unprofitable, TedE ?#1683857doogieMemberMember since: March 27, 2006
Replies: 6284doogie June 14, 2018 at 5:00 pm
You will have noticed the rhetoric has changed from the election promises to being aspirational goals.
There was no mention of aspiration goals in the election campaign, only we will. Their tenure in government is through fraudulence.#1683869gabyoneMemberMember since: November 13, 2008
Replies: 2629gabyone June 14, 2018 at 5:28 pm
FGS Jens & everyone else who thinks financial profit is all that matters. Some of the comments on here are sickening !!!
The profit from state advances loans was : All of the children who grew up in a stable home to become taxpayers who are now helping to fund YOUR super. Those children witnessed a generation of parents who could work hard & climb above endless poverty.
What we are growing now is a generation who can see NO hope.
The people who constantly harp about profit on here simply are showing a total lack of compassion and a self centred attitude.
A happy healthy childhood breeds a happy healthy society & the greed of today will return us to a medieval type society .
Shame on all of you who cannot see past the mighty dollar and how much you can keep in your pockets at the cost of future generations. 😡 😡 😡
Gabyone Auckland region#1683872doogieMemberMember since: March 27, 2006
Replies: 6284doogie June 14, 2018 at 5:57 pm
Without profit there is no tomorrow. Taxation is only applied to profit. Even wages are a form of profit, a profit from effort put into employment.
Profit is not a dirty word. If vegetable and fruit growers made no profit there would be none to go to the market place. If employers made no profit there would be no employment.
You would do better to study Jens solutions if you have no other constructive solutions, at this point you offer none.#1683884huiatahiBlockedMember since: March 22, 2017
Replies: 856huiatahi June 14, 2018 at 7:44 pm
Sure businesses need to make a profit to be able to pay taxes, however those taxes are used to benefit the population, eg health, education housing etc. Some of you seem to forget you lived in an age when universities were free, and one could buy a house on one income.
I think its time some of you joined the real world and see how much people are hurting. Many of you have the attitude “Im alright Joe so bugger the rest of you”
#1683891jensMemberMember since: May 3, 2006
- This reply was modified 8 months, 1 week ago by huiatahi.
Replies: 7553jens June 14, 2018 at 9:49 pm
Perhaps there are too many of us hurting now, because too much of their happy childhood was based on generous charity, leading them to rely more on that than on emotionally and economically rewarding self-financed economic welfare and security creation ?
How else can you explain widening – and not diminishing – welfare needs under the welfare state of 70 years ago, increasing – and not diminishing – in costs, gabyone ?
As mentioned somewhere before, is it not only natural and inevitable that those who save and invest profitably nothing for their own economic welfare improvement can only become more poor compared to those that do ?
Don’t you see that systematic direct participation in capitalism can practically eliminate “have nothing” poverty altogether within say, one generation ?
Or do you prefer widening dependence on charity, rather than widening wealth ownership creation through intensified, widening capitalism ?#1683949lilith7MemberMember since: April 9, 2017
Replies: 1865lilith7 June 15, 2018 at 12:55 pm
FGS Jens & everyone else who thinks financial profit is all that matters. Some of the comments on here are sickening !!! The profit from state advances loans was : All of the children who grew up in a stable home to become taxpayers who are now helping to fund YOUR super. Those children witnessed a generation of parents who could work hard & climb above endless poverty. What we are growing now is a generation who can see NO hope. The people who constantly harp about profit on here simply are showing a total lack of compassion and a self centred attitude. A happy healthy childhood breeds a happy healthy society & the greed of today will return us to a medieval type society . Shame on all of you who cannot see past the mighty dollar and how much you can keep in your pockets at the cost of future generations.
Agreed,Gabyone. The othering of those on low incomes & particularly those in state houses continues,at least by opposition supporters. The damage being done to children who are witnessing the constant disparaging of their parents because they’re struggling on a low income by those who should know better is something which may have future consequences.
Any attempts by this govt to fix our housing problem – ignored for nine years by the previous govt – will be met with scorn,as will anything else. That’s a marked change in attitude between present views & those form a time when it was possible for a minister to say the following & meet with widespread agreement & even approval:
“Then Minister of Housing Walter Nash told New Zealand it could not prosper or progress with a population that “lack
the conditions necessary for a ‘home’ and ‘home life’, in the best and fullest meaning of those words”.
There was a time when we in NZ were proud of our state housing,proud that everyone could be well housed.
Now we have beggars in our streets.. 😡#1683953halcyonMemberMember since: May 4, 2014
Replies: 4823halcyon June 15, 2018 at 1:53 pm
You are correct lilith7. People need to be housed in conditions necessary “for a home and home life”. This is especially true for our most vulnerable citizens. The implementation of a housing WOF is a good starting point.
However, to protect the children we need to pay some attention to the tenants. Okay, I admit that most tenants manage their lives well. And yes, I have been a tenant most of my life. But I am aware of a small percentage of those who can not. Therefore a Licence to Rent may be a sound notion. I would imagine most tenants would have no problem in obtaining one.
For those who can not demonstrate the required skills to manage a household there needs to be a supportive environment that helps educate and support those families till they can again live independently.
Already disturbed, approach with caution.#1684006TedEMemberMember since: May 6, 2006
Replies: 2198TedE June 15, 2018 at 4:10 pm
Profit is not a dirty word.
There is more than one way to measure though!
State Advances were not a loss making organisation.
The State houses were not a cost to NZ.
we need to get over the Greed is good philosophy of Roger Douglas and ACT. There needs to be a change in our approach and the Coalition seems to be heading in that direction. It may not suit the suits that are of the Chicago School of economics. There does need to be a redistribution of the NZ economic success hjeiled by the Key’s of this world to those who have been disadvantaged by it. It won’t hurt those who ahve benefited from it too much.
Even the US taxed it’s larger incomes up to 80% on the margins after the second world war.
Here’s another thought regarding the mouldy houses?
TedE - Papakura -
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