Write a memo to your head of department of housing

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Write a memo to your head of department of housing

Anthony R0bins - Date published: Today, I want to talk in some depth about the declining rates of home ownership in New Zealand. We now have what has been described as the second worst housing affordability problem in the world. Make no mistake; this problem has got worse in recent years.

To put that into context, home ownership for the preceding five years had been stable at If you dig down into those numbers a little deeper, some worrying facts emerge.

The share of homes owned by people aged 20 to 40 dropped significantly between and Young people — the people we most want to prevent joining the great Kiwi brain-drain — are really struggling to get onto the property ladder.

This decline shows no signs of slowing. In fact, on current trends, the crisis will only deepen.

write a memo to your head of department of housing

And one of the biggest factors influencing home-ownership rates over the next 10 years will be the difficulty young buyers will have getting into their first home.

Instead, we need government leadership that is prepared to focus on the fundamental issues driving the crisis. It explains why houses have become so unaffordable for so many people. Quite simply, not enough new houses are being built in New Zealand.

This is a recent phenomenon. In many parts of the country, increases in demand for housing are now outstripping supply.

That imbalance is vividly illustrated in Auckland. In the five years tothe supply of housing stock has failed to keep up with population growth.

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Again to put that into context, over the 15 years to the housing stock grew at a faster rate than population. So the supply problem is a recent one. Economics would tell you that if the demand for housing outstrips supply, then the only way for house prices to go is up, up, up.

But if we are serious about dealing with the housing affordability crisis, if we are serious about protecting the Kiwi Dream of home ownership, then we need to get a better balance between those concerns and their eventual impact on home affordability. To not do so is to ignore a fundamental long-term driver of the housing affordability crisis.

We will free up more land to build on while ensuring new developments are served by the infrastructure they need. Conclusion Over the past few years a consensus has developed in New Zealand. We are facing a severe home affordability and ownership crisis. The crisis has reached dangerous levels in recent years and looks set to get worse.

This is an issue that should concern all New Zealanders. It threatens a fundamental part of our culture, it threatens our communities and, ultimately, it threatens our economy. The good news is that we can turn the situation around.

We can deal with the fundamental issues driving the home affordability crisis. National has a plan for doing this and we will be resolute in our commitment to the goal of ensuring more young Kiwis can aspire to buy their own home. How about that crisis eh?

There were several more instances of crisis deleted. Since then all the housing crisis indicators except interest rates have got worse.

Why is the crisis worse now? Why are the homeless living in cars?

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