Hosking on Kiwibuild… again

Phil Twyford
Photoshopped image Credit: Pixy

Mike Hosking holds nothing back when pouring scorn on the latest Kiwibuild policy developments. quote.

Do you think it says something about the mentality, outlook, and perhaps even sheer arrogance of Phil Twyford, that he decided on our behalf, without the permission or knowledge of Cabinet or the Prime Minister, to simply change the rules on KiwiBuild?

The original deal was, if you were lucky enough to be drawn from the ballot you would appreciate the Government’s help in getting you into a first home? and therefore wouldn’t flip it, or flick it, for profit. end quote.

Well, that was supposed to be the deal. Owners could always flick it for a profit after 3 years, and some were planning on doing exactly that. But the level of interest in the scheme has turned out to be much less than expected; therefore changes have had to be made. We have known about these changes for weeks. Pity the prime minister didn’t know about them. quote.

But unbeknown to just about anyone, apart from Grant Robertson and Shane Jones, Twyford decided that wasn’t a good rule. He decided you could change it, instead of 100 per cent of the profits being taken off you, if you were caught, you had to give back just 30 per cent.

In other words you got to keep 70 per cent of the profits.

In what person’s right mind is that fair, sensible, logical – or even sane? And what moron would think they can do that with other people’s money? And what grandiose clown thinks he can do that without even getting the boss’ sign off? end quote.

Don’t hold back, Mike – let us know what you really think. quote.

By the way, if you don’t want to flip the house you can rent it out as well. Oh, you’re not really allowed to, but if they catch you, you will only be pinged for part of your windfall.

So what do we have so far?

? A housing scheme that doesn’t have enough money put in, in the first place. That’s Treasury’s assessment.

? A housing scheme that won’t contribute anywhere near what the Government said it would to the market. That’s from Treasury and the Reserve Bank.

? A housing scheme that isn’t even close to getting people locked out of the market into a home, given the prices.

? A housing scheme in parts of the country that’s actually more expensive than the open market prices already in play.

? A housing scheme that doesn’t actually have any real demand, given they extended the ballot in places like Wanaka.

? A housing scheme with some homes in Auckland now on the open market, due to the fact the people who won the ballot didn’t want the property, and the runners up didn’t either.

? A housing scheme that is unilaterally being fiddled with, with our money, by a bloke whose head is so big it can’t get through a door.

? And now, a housing scheme that because they changed the rules unilaterally, now needs a dedicated team to monitor who is selling their houses for the profit they’re allowed to keep due to the changes of rules, and that team costs upwards of half a million dollars a year.

Does any of this make any sense at all? end quote.

To me, it just proves that governments should never get involved in private housing. This scheme is an omnishambles of the greatest order.?quote.

As I have said all along this is a house of cards, it’s a jack up, it’s a fantasy, it’ll never happen, it won’t work.

And it will be the one major policy that haunts this Government and potentially destroy them, and crazy Twyford is leading the charge. end quote.

They campaigned on this without having any idea how to put it all together. They had shouted so loudly at the National government from the other side of the house that they were honour bound to do something about low-income families locked out of the housing market. Now, on top of everything else, some of the Kiwibuild houses are being sold on the private market because no one in the ballot wants them.

It is one thing to express interest in the scheme, but quite another to put your money where your mouth is and buy a property. Those who expressed interest initially had no idea what Kiwibuild houses would look like or what they would cost. Now everyone can see that these are not exactly the bargain of the decade. In fact, most people can probably find better or cheaper housing in the existing market.

Kiwibuild is a shambles – a shambles that is soaking up a lot of taxpayers’ money, with no end in sight. Twyford is another minister who needs to be sacked, along with Iain Lees-Galloway, but who can the government replace them with? As we say constantly on this blog, their talent pool is as shallow as a car park puddle in the middle of summer, and it’s getting shallower by the day.