Up to 80% of 2,000 MSD clients in Rotorua motels from out of town; Robertson preferred cash grants to businesses than workers; Since the $12b of wage subsidies were granted, businesses have saved $20b
Our Government is spending $4.3b a year helping to pay rents and paying for motel rooms. Why isn’t that being used to underwrite $200b of house building? When you have enough money to pay the rent, you can afford a mortgage
Why !!
IMO the government believed the use of motels to accommodate the displaced was a temporary phenomenon, and would automatically correct itself over time. The same as Bernanke's 6 month $4 trillion safety-net in 2008 that has never been withdrawn - still in place - now USD $9.8 Trillion
What do you think would happen if the Government cancelled the Accommodation Supplement in order to finance $200 billion house building
Thanks iconoclast. Govt wouldn't be able to go cold turkey immediately with AS. There would have to be a transition, hopefully a natural one as rents fell because of rising supply. Insert Tui billboard here...
Our Government is spending $4.3b a year helping to pay rents and paying for motel rooms. Why isn’t that being used to underwrite $200b of house building? When you have enough money to pay the rent, you can afford a mortgage
Why !!
IMO the government believed the use of motels to accommodate the displaced was a temporary phenomenon, and would automatically correct itself over time. The same as Bernanke's 6 month $4 trillion safety-net in 2008 that has never been withdrawn - still in place - now USD $9.8 Trillion
What do you think would happen if the Government cancelled the Accommodation Supplement in order to finance $200 billion house building
Thanks iconoclast. Govt wouldn't be able to go cold turkey immediately with AS. There would have to be a transition, hopefully a natural one as rents fell because of rising supply. Insert Tui billboard here...