Tuesday, 19 November 2019

"Tenancy regulation will not build more houses. If you really care about protecting tenants, you need to have massive increases in housing supply. You need to have landlords competing for tenants. You need to have the run-down, damp, grotty dungers left vacant because people have other places that they can afford to live instead." Bonus #QotD


"Tenancy regulation will not build more houses. It can only address some of the current symptoms of a fundamentally broken housing market. 
    "Worse, it is the kind of move that makes the most sense if the Government is pessimistic about its chances of fixing the real underlying problem – making it easier to get new housing built...  
  "If you really care about protecting tenants, you need to have massive increases in housing supply. You need to have landlords competing for tenants. You need to have the run-down, damp, grotty dungers left vacant because people have other places that they can afford to live instead. When you're in a massive housing shortage and the alternative to a crappy house is a garage or a car, crappy houses get rented out. If we instead had a surplus of housing, those places would be left vacant and their owners would have to decide whether to refurbish or tear down... 
          ~ Eric Crampton, from his post 'Really protecting tenants'
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1 comment:

  1. Eric, firmly within the academic world has promoted a dream. That's all it is, a dream, There is not going to be a surplus of housing in New Zealand any time within the next twenty years. It is less risky and often financially better to leave you house empty. As Bob Jones said years ago, Labour Governments always legislate to the detriment of their clients.

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