Has Bollard Lost the Plot?
Watching a late night News Broadcast I wasn’t sure if I was hearing things as it had been a long day.
But when Bernard Hickey made a statement something like “here we go again” as he was looking at the ground in horror, I thought out loud, what are these so called experts going on about?
He was referring to the sudden surge in property sales.
Bollard was reported as saying New Zealanders have an unhealthy fixation with home ownership and property investment.
Was he saying we should only purchase one house in a life time and not upgrade if we want something nicer or bigger? If so then why not come out and say keep the same TV, mobile phones, cars and boats.
The report went on to say that it was businesses that needed cash injections not the housing industry as job creation was needed which in turn would generate more revenue and in turn would stimulate the economy.
Little wonder the R word is still being bandied about. Interesting I thought, now it has two meanings [ Recession ] and [ Recovery ] I did see the funny side of that as some are still unsure which one they should apply to what.
I would like to put this to Dr Bollard; housing is the largest employer in New Zealand by far. Sure not the biggest export earner but employer yes, however one must think outside the square to fully understand the magnitude of what I just said........
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