Increasing housing supply a matter of life or death

act-new-zealand

Mon Jul 03 2017 12:00:00 GMT+1200 (New Zealand Standard Time)

Increasing housing supply a matter of life or death

Monday, 3 July 2017, 1:19 pm
Press Release: ACT New Zealand

Increasing housing supply a matter of life or death

Improving housing supply is a matter of life and death, says ACT Leader David Seymour.

“By the end of this winter, over a thousand people will be dead due to low quality housing.

“This comes as Stats NZ confirms home-building rates are far below the levels needed to keep up with population growth.

“These facts are directly linked. When you have a large number of renters bidding on a small number of rentals, landlords have no incentive to improve their property. They know they’ll get a fat rent cheque regardless of quality.

“That’s why the only long-term solution to shoddy rentals is to turn a landlord’s market into a renter’s market by allowing people to build more homes in line with population growth.

“ACT’s housing policy will do exactly this. It won’t just save renters money – it will save renters’ lives.”

ENDS

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