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Vague Craig's avatar

I think we may have been voting for an oversupply of housing so that rent-trapped young couples wanting to start families no longer have to find that the bottom of the ladder is too high, or that their only aspiration is to by an ancient cast-off rental deemed by a landlord to be too expensive to improve to today's basic standard. A big oversupply built by lots of shiny new tradies so that the 40,000+ who came home will stop affecting the demand side of the equation and people don't have to live in garages or cars. A huge oversupply that modernises and raises the quality of our housing stock so the landlords find that first home buyers no longer want to purchase their cast-offs. I hope that's what we voted for, pretty sure I did. With the prospect of more government bonds bearing negative interest rates there can be no better time to start than right now.

https://www.newsroom.co.nz/hey-govt-borrowing-costs-just-went-negative

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Steve Nicholson's avatar

As if the result weren't enough joy and love of country for one weekend, we have More Than A Fielding ! Poor 'Shrew-dith'. Quite deserving.

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