With vague promises that “this will be better” than a previous temporary shelter at the site, council adopted new bylaws & amended the official #CommunityPlan for the #housing project at 225 Russell St.
The First Home grant was what allowed my whānau to finally be able to afford a modest townhouse in South Akl.
We love our little home. 🏘️
It is infuriating that a similar opportunity won't be available anymore to people like us.
(And I get that it was an inefficient subsidy on demand, but in a market as cooked as NZ's it was a helpful tool. One that should not be removed until the supply variables in the equation are solved. And currently they are only getting worse, thanks CoC)
@pezmico Is the solution not to tax the absolute fuck out of speculative profits in #housing, and spend the proceeds on building a shit-ton of new #SocialHousing rented at such low rates that it forces rental prices down in the private rental sector?
Subsidies just drive the speculative bubble higher. What we need to do -- everywhere in the world -- is destroy it.