nathan

All of these politicians are talking about fixing the cost of living, but not what the cost of living crisis actually entails for ordinary New Zealanders. The primary cost of living for most people is housing, except for the minority who own a freehold home, which is only 27% of the population and primarily the boomer generation. The majority are paying off a mortgage or renting, and often the renters are renting off someone with a mortgage, so the mortgage costs get passed on to them and the whole rental market is affected. The average weekly mortgage payment in New Zealand is $690 per week. Of this the majority is interest, averaging $452 per week. The politicians are focusing on the supermarkets, but the average weekly food cost per household is roughly $325 a week, thus the cost of housing is over double the cost of food. The most profitable companies in NZ are the banks, not the supermarkets. Fonterra is the most profitable company, but all the banks put together dwarf the profits of Fonterra. Most of this profit is from mortgage interest and goes overseas. The best way to fix the cost of living in New Zealand is to end debt slavery by the Government providing interest-free mortgages. They already do this for student loans, there’s no reason they couldn’t do it for mortgages. The reason the politicians won’t dare to suggest this is because they are in the back pockets of the banks, the most wealthy companies in New Zealand. Aside from the cost of debt interest, there’s also the cost of housing itself, which has risen substantially due to mass immigration. It’s simple economics, when the supply doesn’t keep up with the increase in demand (third world immigration), prices increase. In the 1980s, the average house cost twice the average yearly income. It now costs six times the average yearly income, meaning even on a double income it is still harder to buy a house than it was for a man on a single income in the 80s. This has a huge effect on birth rates as well as culture and home life generally. In the 19th century when the British people settled this land, we built our own towns and cities for the people arriving. We didn’t move into the pas of the maori people, we built our own civilisation. There was a form of de facto apartheid until maori urbanisation after World War Two. The Indians that have recently flooded New Zealand do not do this. Instead, they compete with New Zealanders in the already existing property and job markets, driving up house prices and lowering wages. Remigration would dramatically lower the cost of housing, because supply would remain the same while demand would drop dramatically as people leave. It would also increase wages, as the imported cheap labour return to the third world. The vast majority of White New Zealanders support remigration, they just don’t know it yet.