this post was submitted on 25 Mar 2021
1 points (100.0% liked)

Aotearoa New Zealand

165 readers
2 users here now

Nau mai, haere mai! A community for news, discussions, pretty pictures, memes, local resources & events, all around the motu!

founded 5 years ago
MODERATORS
skittermouse@lemmy.ml
Jemono@lemmy.ml
1
Opinion: Non-homeowners paying the cost of Covid-19 recovery (www.rnz.co.nz)
submitted 4 years ago by skittermouse@lemmy.ml to c/newzealand@lemmy.ml
0 comments fedilink hide all child comments
 

A substantial class of investors have certainly been made exceptionally wealthy by the Covid-19 response, even as those who work for a living have seen their incomes stagnate.

But while this separation of 'investors' or 'speculators' from 'homeowners' might be politically convenient, it makes something of a false distinction.

Whether a house is owned as a home, or purely a source of income, any non-improvement appreciation in value comes at someone else's expense.

Until New Zealand acknowledges this, little will change: whoever is in charge, and no matter how many new homes get built.

yeppp renters always on the pointy end of the stick :(

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here