Labour’s Housing
spokesperson Phil Twyford has described the Prime
Minister’s latest comments on the Auckland housing crisis
as bizarre.
“John Key is deep in denial. He must
be one of the only people left who are not concerned about
the risk of the market going bust and causing immense human
and economic damage.
“He seems to think that
because Auckland’s astronomical house prices are the
market at work, they must be okay. He is applying the logic
of currency trading to the Auckland housing crisis.
“The Prime Minister needs to realise Auckland house
prices are not just numbers on a screen. They are why a
generation of young New Zealanders are shut out of home
ownership, and why people are living in garages.
“When the Reserve Bank is insisting on new solutions
to cracking down on speculators it is time the Prime
Minister wasn’t quite so relaxed about Auckland’s
housing crisis,” Phil Twyford says.
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