INDEPENDENT NEWS

Nats’ HAM-fisted housing crisis denial

Published: Mon 19 Jun 2017 10:18 AM
Phil Twyford
MP for Te Atatū
Housing Spokesperson
MEDIA STATEMENT
19 June 2017
Nats’ HAM-fisted housing crisis denial
National’s decision to knowingly release a flawed Housing Affordability Measure that underestimates the cost of housing is the latest evidence of their housing crisis denial, says Labour’s Housing spokesperson Phil Twyford.
“Five years in the making, and HAM is another Nick Smith stuff-up. The interest rate used is wrong, the data is two years out of date, and the model entirely ignores the need to save for a deposit. Nick Smith was told that HAM was wrong; he released it anyway to try to score a political point. That has backfired spectacularly.
“Leave it to Nick Smith to make a pig’s ear out of housing, once again. A measure of home affordability that assumes home buyers get a 100% 30-year mortgage at a rate well below what any first home buyer can get is completely out of touch with reality.
“Nick Smith needs to urgently re-issue HAM with accurate numbers on the true state of housing affordability.
“Kiwis need real solutions to the housing crisis; not more porkies from a bumbling minister. Labour’s fresh approach to housing includes building homes people can actually afford to buy, banning foreign speculators, ensuring all rentals are warm and healthy to live in, and grants to help with the cost of insulation and heating,” says Phil Twyford.
ends

Next in New Zealand politics

Prison inspection reports first for Inspectorate Office
By: Department Of Corrections
Government to review law on protection for whistle blowers
By: New Zealand Government
PM Launches 100% Electric Car Share Offering
By: Yoogo
Pay equity for mental health and addiction workers
By: New Zealand Government
America’s Cup Village proposal offers win-win-win
By: New Zealand Government
Poorest Left Behind in Economic Boom
By: Salvation Army
Bill to make cartel conduct a criminal offence
By: New Zealand Government
ComCom pushing for market studies powers despite opposition
By: BusinessDesk
English to leave parliament on Feb. 27
By: BusinessDesk
Bill English announces retirement from Parliament
By: New Zealand National Party
National Party thanks Bill English for his contribution
By: New Zealand National Party
Amy Adams to contest National Party leadership
By: New Zealand National Party
Jacinda Ardern: Statement on Bill English
By: New Zealand Government
ACT Leader Extends Best Wishes to English
By: ACT New Zealand
Green Party acknowledges Rt Hon Bill English
By: Green Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media