Greens' housing policy 'Monopoly' - Key
Fri, 25 Jan 2013 5:15a.m.
The Green Party's new rent-to-buy housing policy has been rubbished by Prime Minister John Key who is likening the party's economic plans to a game of Monopoly.
Greens co-leader Metiria Turei unveiled a new housing package, aimed at lower income families, at Ratana Pa on Thursday, where she was attending annual celebrations of the birthday of church founder and prophet TW Ratana.
The Greens are proposing to team up with Labour on a proposal to build 100,000 compact, entry-level homes, each worth $300,000, and place those houses in a progressive home ownership scheme, where a family would gradually pay off the building cost to the Crown before purchasing equity in the home until they own it outright.
The Greens have provided figures showing weekly costs for a progressive ownership home could be more than $100 a month cheaper than a mortgage, and could be paid off within about 25 years.
The scheme would be open to first-home buyers with children, who meet certain income and assets criteria.
Mr Key, who arrived at Ratana after the Greens, scoffed at the idea.
"The Greens haven't announced a housing policy, they've just announced the next version of Monopoly," he said.
"They want to print money, now they want to build houses - what's next?"
Mr Key says keeping interest rates low and improving the release of land for building are better solutions to the housing crisis.
He called the Greens' suggestion that progressive ownership homes could be built in Auckland for $300,000 "disingenuous".
"You can get a property in Auckland for $300,000, but I think you'd have to ask the question of 'what does that property look like?'"
However, Labour leader David Shearer says he is interested in looking more closely at the policy.
"The rent-to-buy scheme has got some good opportunities for people who are on lower incomes getting into their own homes, and I support the goal. It's whether the actual implementation of it is possible," he said, adding that the plan would have to be economically responsible.
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25/01/2013 1:17:25 p.m.
The Greens are evil beyond belief behing their 'Green' facade they are social manipulators and utter control freaks. Vote for them at your peril. Labour are similar - they just have more benign approach.
25/01/2013 11:49:11 a.m.
Under National, home ownership is completely impossible for most of us, meanwhile the rich get tax cuts, and pay cheapest top tax rate in the OECD. Thanks for that John, you're helping us out heaps. Its that old, "Give the horse enough grain, enough will pass through it to feed the chickens" scenario.
Good on the Greens for at least giving a damn.
25/01/2013 11:22:55 a.m.
@John, the last time National deregulated the market it cost the country 11.5 Billion dollars in damages which many home owners are still paying for today.
With little assistance from the clowns that caused it.
Nationals paid mouthpiece who never works is online again I see, poor Mike, lies in every single post.
If only he knew what the truth was, he might stand a chance of being believable.
He'll say I said something stupid like revenue=profit, but I never have, he's the only one thats ever posted that statement online.
Which shows you how loopey he is.
25/01/2013 10:38:32 a.m.
Does National Party have better ideas? let heard them? oh the deregulate market will come to the rescue. lol. yeah right.
25/01/2013 10:33:49 a.m.
We have the left loonies who believe that printing money and high inflation will make everyone better off.What is the alternative to National? We come back to borrow even more, higher inflation, lower real wages.We have some posters with their heads so far up Labours backside that they cant see that higher inflation and lower real wages is what Labuor policy stands for.Labour wants to devalue our dollar around 25% which will raise prices 33%. The problem with inflation is while you have more dollars to aspend, you get even poorer while doing it. How is this supposed to help the so-called poor? It never has and never will.We have Labours revenue=profit claims, which is even more unhinged than their cheap homes being built in Auckland! It may be popular amoung the unwashed and uneducated but revenue=profit is false even if some posters believe in it strongly. Ask any kid who has taken the basics in accounting and learnt the difference between revenue and profit, and they can even tell such idiots how wrong the revenue=profit claim is.NZ not in great shape, having borrowed as a country the last 40 years to prop up a standard of living we can't afford. This is not sustainable or green to borrow to pay for current welfare levels.
25/01/2013 10:14:39 a.m.
And yet National has failed miserably with housing Sandbe, hence Heatley's removal from the porfolio.
And National have no ideas of their own.
Is all well and good to ridicule someone for a policy that wont work if you have a working clue yourself sandbe/mike, but John Key is a no trick pony.
25/01/2013 10:11:21 a.m.
I used to win whenever I played Monopoly. The trick was to buy all the properties so someone else was forced to pay rent.
25/01/2013 10:06:19 a.m.
@ Alison..."I do have to wonder if someone that definately doesnt need the money has the proper work ethics to run a country"...one again the left envy of someone with money, you are aware Clark/Cullan are millionaires in their own right, and were whilst in Govt, with numerous houses rented out between them also....or is it OK for left MP's/PM's to have money/property and just not right ones eh?....at least Key made his money in private sector (whether you agree or disagree how he made is money, it was not off any taxpayer) and not milking the taxpayer teat for all of their lives like most labour MP's and ex PM eh?
25/01/2013 9:18:59 a.m.
Minister John Key who is likening the party's economic plans to a game of Monopoly
'What are dumb and stupid comment'
25/01/2013 9:18:48 a.m.
Greens...How about looking after the people that help the economy? Hmmmm lots of social help for the ones that do not want to work...how does this pay for the bills?
Which begs the question about the ones that work and can not afford housing...or are in a house and the mortgage limits them....hmmm again its a moral question.
We all have to work for what we have and be responsible in life. Responsible...hmmm another question...
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