Choosing dirt, tax-free capital gains and low debt over new homes for kids
thekaka.substack.com
Sep 18, 2022 • 15M
Choosing dirt, tax-free capital gains and low debt over new homes for kids
Government blocks councils from sprawling greenfields housing into 'highly productive land', but also won't fund or incentivise councils to enable much more brownfields homes that NIMBYs hate
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Bernard Hickey
The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.
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TLDR: The Government has ordered councils not to allow greenfields housing developments to sprawl out into highly productive farmlands, but also wants councils to open up more land for housing. How can these two things be credibly consistent?
They could be if the Government also provided the financial incentives and released the debt funding shackles on…
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