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Housing crisis costs the average worker $1000 in tax
Housing crisis costs the average worker $1000 in tax
“When the Government is buying up motels, you know the housing market has gone mad,” says ACT Leader David Seymour.
“These two motels alone will sting the taxpayer with a $4 million bill, but that’s nothing compared to the $350 million the Government has budgeted for emergency housing. And even that is only a fraction of the $2.3 billion being spent on housing support (including rental subsidies) this year.
“In other words, the housing crisis is costing the average worker almost $1000 in tax this year alone, and that’s on top of inflated rent and mortgage costs.
“If we had a housing market that worked, we could wipe this entire bill. ACT has shown how we could make room for another 600,000 homes in Auckland just by scrapping the rural-urban boundary. This would restore affordability to the entire market, and eliminate the need for the Government to own hotels or fund housing support of any kind.
“National campaigned on fixing the housing crisis in 2008. It’s been their biggest failure. With more MPs, ACT will force National to deliver on their original promise.”
ENDS
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