A visionary is needed, forget short-term motorway ridiculousness. Politicians have proven incapable or just stuck in their jet-set ramble. We need to set the direction for a futuristic long-term solution.
Jos Nagels
Brookfield
Special housing area
The Government says that there is a shortage of affordable houses, especially for first-home buyers. So, we now have the Special Housing area in Emerald Shores. Does this solve our housing shortage problem? I certainly cannot see it doing addressing the problem.
Firstly, it is aimed at those aged 55-plus, which may automatically exclude young families wishing to get a start in life. Secondly, the Special Housing appears to be cheap enough on the surface at about $300,000 or under for the leased house. Normal housing having a median price of $520,000.
But, look a bit deeper, a 20 per cent bank deposit on a $520,000 house amounts to $104,000. Banks tend not lend on a house purchase without a land component, which the Special Housing arrangement does not include.
At the end of the day, which house is the cheaper option - the $300,000 house that you have to buy, cash, outright, or the $520,000 house that you can buy with a $104,000 deposit?
Why is Bluehaven pushing for this? (Abridged)
Chris Pattison
Papamoa