Desperately sad story from the Herald about the housing crisis in Christchurch, and how it’s hitting certain people hardest. I’ve been looking for a new place to live, and have found that the rents are too damn high. This was confirmed by MoBIE:
The Ministry of Business Innovation and Employment report weekly market rents have risen across the city by an average of $65 in the last year.
$65 a week. Think about that. It works out at $3380 per year. How many people got a $3400 pay rise last year (excluding Tony Marryatt)? Yet just last week, when Grant Robertson proposed a rent freeze, the banks and the housing Minister were all wheeled out to say that the market was doing fine, and it would sort it out, no worries at all. What planet are they on?