https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 2023-01-25, JohnO <johno1234@gmail.com> wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

There is a saying that everything goes in cycles. There were people who
offered the view that interest rates where too low and at some point they
were going to rise. How/who was the cause of it is irrelevant, apart from needing a scapegoat.

The idea that interest rates might rise to 10%, or at least 7% just were not considered.

A small dose of common sense along with a small study in history would have
had them buying a less expensive house.

Finally, you give too much credit for the Government having caused this problem. Partly at best but not all of it.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, January 26, 2023 at 9:19:45 AM UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote: >https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass
in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

Labour has given us lower inflation than most countries, with lower government debt as a % of GDP than most countries. The have sorted the shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery, increased training and international revruitment of health workers, subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the fragmented agencies dealing with yourg people.

So what? Labour has overseen the highest inflation in years and only ever talked about it Rich. Your wailing about our inflation being better than other country's is just crocodile tears worthy off the useless government you blindly and stupidly support!

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but fundamentally we are being ripped off for coporate profit.

So what happened to the great leveler of bank profits that KiwiBank was supposed to be? What do you think Labour should have done about these supposed excessive coporate profits? Or are you just the sort of loser who doesn't and can't think things
through? I'd tell you why they do but your to fucking stupid and comprehensionless lacking to understand and it isn't just because there isn't a lot of competition...

The banks promised that they would do everything they could to avoid foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

The word is CORPORATES you semi literate loser!

So what would you have the government do, JohnO?

For me I'd have them stop fucking talking and actually DO something!

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, January 26, 2023 at 9:28:53 AM UTC+13, Gordon wrote:

On 2023-01-25, JohnO <john...@gmail.com> wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

There is a saying that everything goes in cycles. There were people who offered the view that interest rates where too low and at some point they were going to rise. How/who was the cause of it is irrelevant, apart from needing a scapegoat.

We don't need scapegoats we need action. Something lacking from so much Labour has done although in some cases the action wasn't required...

The idea that interest rates might rise to 10%, or at least 7% just were not considered.

People (and that includes journo's and MPs) NEVER look at history. If they did we wouldn't have the buggers mess this government has made of the economy!

A small dose of common sense along with a small study in history would have had them buying a less expensive house.

It's called status Gordon. People have always tended to let this affect their house buying.

Finally, you give too much credit for the Government having caused this problem. Partly at best but not all of it.

There profligate spending must have had a big effect on it Gordon. But typical of this government and it's blind followers it's never this government's fault for anything!

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <johno1234@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass
in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

Labour has given us lower inflation than most countries, with lower
government debt as a % of GDP than most countries. The have sorted the shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery,
increased training and international revruitment of health workers,
subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but
fundamentally we are being ripped off for coporate profit.

The banks promised that they would do everything they could to avoid foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Wed, 25 Jan 2023 12:43:23 -0800 (PST), John Bowes
<bowesjohn02@gmail.com> wrote:

On Thursday, January 26, 2023 at 9:28:53 AM UTC+13, Gordon wrote:

On 2023-01-25, JohnO <john...@gmail.com> wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

There is a saying that everything goes in cycles. There were people who
offered the view that interest rates where too low and at some point they
were going to rise. How/who was the cause of it is irrelevant, apart from
needing a scapegoat.

We don't need scapegoats we need action. Something lacking from so much Labour has done although in some cases the action wasn't required...

The idea that interest rates might rise to 10%, or at least 7% just were not >> considered.

People (and that includes journo's and MPs) NEVER look at history. If they did we wouldn't have the buggers mess this government has made of the economy!

A small dose of common sense along with a small study in history would have >> had them buying a less expensive house.

It's called status Gordon. People have always tended to let this affect their house buying.

Finally, you give too much credit for the Government having caused this
problem. Partly at best but not all of it.

There profligate spending must have had a big effect on it Gordon. But typical of this government and it's blind followers it's never this government's fault for anything!

Actually the spending on wage subsidies meant we have fairly low
business collapses compared with some other countries, with many
businesses remaining profitable - coporate taxes were higher than
expected, meaning the borrowing had a lower net cost to NZ than the
original payments.

Inflation is also lower than most other countries; but we could not
avoid the inflationary effect of greater transport costs, shortages of
some materials causing price rises, and the rise (and now return to
lower levels) of oil-based fuels.

The effect of higher interest rates on mortgage costs is the market
working as it should - I would not expect the government to get
involved in a family having problems due to a borrow only having a
deposit of 17% for a $1.2 million purchase; I am surprised that the
bank gave the loan, but I also suspect that with the large profits
they have been making, they can afford to assist the family ride this
out . . . Not a government problem - or if you disagree what do you
think a National Government would be now doing for this householder,
John?

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <johno1234@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

While this is a tragic outcome for the family involved, the primary
cause of their problem is that they borrowed so much at a time when
interest rates were bound to rise substantially because of the Covid
wage subsidies. Interest rates were at historic lows and there was
plenty of informed commentary on the effect such subsidies would have
on inflation and these folks should have been aware of this. The Bank
is a secondary contributor - it is better to decline a loan than have
the substantial costs involved with payment defaulters.

Yes the Government contributed to inflation with subsidies and yes
they had no plan to deal with the inflationary outcome, but these
folks borrowed too much. If they had stayed out of the housing market
it would also have helped bring down home prices.


--
Crash McBash

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, 26 January 2023 at 09:19:45 UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote: >https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass

Why ask me? I am not National you idiot. Ask them.

in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

<Sigh> There are two components to inflation. Non tradable inflation is not imported. Domestic spending and artificially low interest rates are down to the government and the reserve bank. You can't use overseas effects as an excuse.

Labour has given us lower inflation than most countries, with lower

Other countries are not us so irrelevant diversion. Labour has given us sustained inflation. That's all you need to say.

government debt as a % of GDP than most countries. The have sorted the shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery, increased training and international revruitment of health workers, subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but fundamentally we are being ripped off for coporate profit.

You are making that up. Banks and supermarkets are making as much profit or more than ever.

The banks promised that they would do everything they could to avoid foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

I'm not a politician so why are you asking me, dimwit? Ask Chippie or Luxon.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 2023-01-25, Rich80105 <Rich80105@hotmail.com> wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <johno1234@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass
in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

Labour has given us lower inflation than most countries, with lower government debt as a % of GDP than most countries. The have sorted the shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery, increased training and international revruitment of health workers, subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but fundamentally we are being ripped off for coporate profit.

The banks promised that they would do everything they could to avoid foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

Done it again. From high mortgage rates hitting hard owing to inflation, to National, and fuel prices, and other stuff about National.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, 26 January 2023 at 14:56:12 UTC+13, Gordon wrote:

On 2023-01-25, John Bowes <bowes...@gmail.com> wrote:

On Thursday, January 26, 2023 at 9:19:45 AM UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass
in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

Labour has given us lower inflation than most countries, with lower
government debt as a % of GDP than most countries. The have sorted the
shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery,
increased training and international revruitment of health workers,
subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the
fragmented agencies dealing with yourg people.

So what? Labour has overseen the highest inflation in years and only ever talked about it Rich. Your wailing about our inflation being better than other country's is just crocodile tears worthy off the useless government you blindly and stupidly

support!

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but
fundamentally we are being ripped off for coporate profit.

So what happened to the great leveler of bank profits that KiwiBank was supposed to be? What do you think Labour should have done about these supposed excessive coporate profits? Or are you just the sort of loser who doesn't and can't think things

through? I'd tell you why they do but your to fucking stupid and comprehensionless lacking to understand and it isn't just because there isn't a lot of competition...

The banks promised that they would do everything they could to avoid
foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

The word is CORPORATES you semi literate loser!

So what would you have the government do, JohnO?

For me I'd have them stop fucking talking and actually DO something!

To rephrase that, Foe me I'd have then stop doing great damage and actually start thinking.

No wonder the government coalition is tanking in the polls: https://www.roymorgan.com/findings/9152-nz-national-voting-intention-december-2022
Should take another nosedive now that St Jacinda jumped off the sinking ship.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 2023-01-25, John Bowes <bowesjohn02@gmail.com> wrote:

On Thursday, January 26, 2023 at 9:19:45 AM UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass
in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

Labour has given us lower inflation than most countries, with lower
government debt as a % of GDP than most countries. The have sorted the
shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery,
increased training and international revruitment of health workers,
subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the
fragmented agencies dealing with yourg people.

So what? Labour has overseen the highest inflation in years and only ever talked about it Rich. Your wailing about our inflation being better than other country's is just crocodile tears worthy off the useless government you blindly and stupidly

support!

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but
fundamentally we are being ripped off for coporate profit.

So what happened to the great leveler of bank profits that KiwiBank was supposed to be? What do you think Labour should have done about these supposed excessive coporate profits? Or are you just the sort of loser who doesn't and can't think things

through? I'd tell you why they do but your to fucking stupid and comprehensionless lacking to understand and it isn't just because there isn't a lot of competition...

The banks promised that they would do everything they could to avoid
foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

The word is CORPORATES you semi literate loser!

So what would you have the government do, JohnO?

For me I'd have them stop fucking talking and actually DO something!

To rephrase that, Foe me I'd have then stop doing great damage and actually start thinking.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, January 26, 2023 at 1:40:30 PM UTC+13, JohnO wrote:

On Thursday, 26 January 2023 at 09:19:45 UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote: >https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass

Why ask me? I am not National you idiot. Ask them.

in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

<Sigh> There are two components to inflation. Non tradable inflation is not imported. Domestic spending and artificially low interest rates are down to the government and the reserve bank. You can't use overseas effects as an excuse.

Labour has given us lower inflation than most countries, with lower

Other countries are not us so irrelevant diversion. Labour has given us sustained inflation. That's all you need to say.

Funny that Rich is happy that government debt has soared and is way above what it was when he was whining about John Key borrowing to cover the shortfall from Helen Clark's time as PM...

government debt as a % of GDP than most countries. The have sorted the shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery, increased training and international revruitment of health workers,

Still a typical Labour stuff up Rich!

subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but fundamentally we are being ripped off for coporate profit.

You are making that up. Banks and supermarkets are making as much profit or more than ever.

The banks promised that they would do everything they could to avoid foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

I'm not a politician so why are you asking me, dimwit? Ask Chippie or Luxon.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Wed, 25 Jan 2023 16:40:28 -0800 (PST), JohnO <johno1234@gmail.com>
wrote:

On Thursday, 26 January 2023 at 09:19:45 UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass

Why ask me? I am not National you idiot. Ask them.

Of course you are not; I was merely asking you what you think they
would have done had they been in government. Alternatively, what do
you think should have been done?

in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

<Sigh> There are two components to inflation. Non tradable inflation is not imported. Domestic spending and artificially low interest rates are down to the government and the reserve bank. You can't use overseas effects as an excuse.

I can however expect that tradeable international inflation will be
imported.

Labour has given us lower inflation than most countries, with lower

Other countries are not us so irrelevant diversion. Labour has given us sustained inflation. That's all you need to say.

Other countries have also been affected by increases to international
prices. Part of New Zealand has of course benefitted from those higher
prices . . .

government debt as a % of GDP than most countries. The have sorted the
shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery,
increased training and international revruitment of health workers,
subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the
fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but
fundamentally we are being ripped off for coporate profit.

You are making that up. Banks and supermarkets are making as much profit or more than ever.

Which is why I am saying that the government has not reduced those
profits to the level made by those industries in other countries. We
have structural lack of competition in banking, supermarkets,
electricity, and some commercial products. The electricity market is particularly bad because privatisation has resulted in companies that
have no incentive to keep prices low. They will only commission
additional generation sufficient to meet immediate demands (allowing
for the lead needed for new generation), and effectively act as a
cartel - they carefully ensure there is no legal collusion while
making comparisons of price difficult, and taking turns having the
lowest prices so that thee canbe a pretence of competition. Then
recently one company had so much money they wanted to distribute to shareholders more then the profits they had earned!

Every time you have to pay an electricity bill, remember that some of
it is payoff for political donations to National . . .

As far as the construction industry is concerned, National had run
down capacity so when the Christchurch earthquake happened, they were
in real difficulty. They first slowed everything down by making the
insurance industry take the blame - the problems of that industry were
shown by EQC having to be propped up by money from government, the
collapse of one major ensurer (which the Government had to take over),
plus also the demise of the Local Authority Insurance company which
also did not have enough money (or reinsurance arrangements). The
government tried to reduce claims as much as they could; subsequently
it was determined in court that they had ripped a lot of people off by
forcing policyholders to accept low estimates (often determined by
relatively unqualified people who were under pressure to keep
estimates low) as full and final value.

Then National decided to put the whole rebuild under the control of
Fletchers - not only a guaranteed huge pfoit for one company by
government decree, but also it enabled Fletchers to spin out
constructin by timing work to allow for shortage of workers, but also
for when they were able to produce construction materials.

The scandal was a fairly open secret - it resulted in Brownlee losing
in Ilam in 2020, but still getting into Parliament on the List.

Contrast that with the new Government in 2017 - they very quickly
encouraged trade training for apprenticeships, particularly for the
building industry. They also worked on ways of ensuring we had a more
efficient building industry - they gave contracts to a wide number of
firms, and when Fletchers had problems meeting demand for Gib Board,
they enabled the use of alternatives from overseas and assisted
importation. Active management has resulted in the largest number of
dwellings built in the time that they have so far been given - and the
results are now being seen in artificially high prices for dwellings
coming back to more realistic levels. For all the sob stories about
people that bought at the peak and borrowed too much, there will be
more people who can now afford a first home. There is still a way to
go however - high immigration under National to keep wages down fed
that crisis in accomodation; care is needed to put New Zealanders
first, and to remind employers that sometimes if they need more staff,
they need to pay them enogh so that they can afford to live, have a
family etc.

The banks promised that they would do everything they could to avoid
foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

I'm not a politician so why are you asking me, dimwit? Ask Chippie or Luxon.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Thursday, January 26, 2023 at 3:53:09 PM UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 16:40:28 -0800 (PST), JohnO <john...@gmail.com>
wrote:

On Thursday, 26 January 2023 at 09:19:45 UTC+13, Rich80105 wrote:

On Wed, 25 Jan 2023 11:50:45 -0800 (PST), JohnO <john...@gmail.com>
wrote:

https://www.nzherald.co.nz/nz/brings-tears-to-my-eyes-family-consider-selling-after-2500-monthly-interest-rate-rise/LGT6FRARRZAELKHDWVHJJYDIHE/

Robbo and his ventriloquist's dummy Orr have created this problem.

There are lots of other disasters courtesy of Labour but this is one of the most egregious.

So what would National have done in the face of international increass

Why ask me? I am not National you idiot. Ask them.

Of course you are not; I was merely asking you what you think they
would have done had they been in government. Alternatively, what do
you think should have been done?

More to the point do you think Labour has done everything they could to decrease inflation? Don't bother answering Rich. Because it's Labour you think they've done everything they possibly could despite the evidence to the contrary...

in fuel prices, supply issues due to Covid, shortages of building
workers, problems with low wages, transport problems?

<Sigh> There are two components to inflation. Non tradable inflation is not imported. Domestic spending and artificially low interest rates are down to the government and the reserve bank. You can't use overseas effects as an excuse.

I can however expect that tradeable international inflation will be
imported.

Labour has given us lower inflation than most countries, with lower

Other countries are not us so irrelevant diversion. Labour has given us sustained inflation. That's all you need to say.

Other countries have also been affected by increases to international
prices. Part of New Zealand has of course benefitted from those higher
prices . . .

Yes the government! Due to the increased tax they make take from businesses and from GST on the increased prices. As usual Rich like most left wing losers you don't look at the big picture!

government debt as a % of GDP than most countries. The have sorted the
shortages in building workers, sorted many of the supply issues,
increased the minumum wage, got our hospitals on the way to recovery,
increased training and international revruitment of health workers,
subsidised public transport, kept reductions in overall crime going;
sorted the worst of the problem with ram raids (spening more than
National who largely ignored it, but also fixing the problem with the
fragmented agencies dealing with yourg people.

What Labour has not been able to do is fix excessive problems with far
too high profits by banks and supermarkets - both examples of the lack
of adequate competition - they have made a few small changes but
fundamentally we are being ripped off for coporate profit.

You are making that up. Banks and supermarkets are making as much profit or more than ever.

Which is why I am saying that the government has not reduced those
profits to the level made by those industries in other countries. We
have structural lack of competition in banking, supermarkets,
electricity, and some commercial products. The electricity market is particularly bad because privatisation has resulted in companies that
have no incentive to keep prices low. They will only commission
additional generation sufficient to meet immediate demands (allowing
for the lead needed for new generation), and effectively act as a
cartel - they carefully ensure there is no legal collusion while
making comparisons of price difficult, and taking turns having the
lowest prices so that thee canbe a pretence of competition. Then
recently one company had so much money they wanted to distribute to shareholders more then the profits they had earned!

Every time you have to pay an electricity bill, remember that some of
it is payoff for political donations to National . . .

Bullshit! 52% goes directly to the government as well as the tax on their profits. An inconvenient fact you ignore because it doesn't fit your little Marxist agenda!

As far as the construction industry is concerned, National had run
down capacity so when the Christchurch earthquake happened, they were
in real difficulty. They first slowed everything down by making the
insurance industry take the blame - the problems of that industry were
shown by EQC having to be propped up by money from government, the
collapse of one major ensurer (which the Government had to take over),
plus also the demise of the Local Authority Insurance company which
also did not have enough money (or reinsurance arrangements). The
government tried to reduce claims as much as they could; subsequently
it was determined in court that they had ripped a lot of people off by forcing policyholders to accept low estimates (often determined by
relatively unqualified people who were under pressure to keep
estimates low) as full and final value.

Gee Rich! You keep asking us for cites but you don't worry about giving cites to back up your left wing bias!

Then National decided to put the whole rebuild under the control of
Fletchers - not only a guaranteed huge pfoit for one company by
government decree, but also it enabled Fletchers to spin out
constructin by timing work to allow for shortage of workers, but also
for when they were able to produce construction materials.

cite please. considering Fletchers was the biggest company in the building industry who would you expect to get the contract? Ministry of Works? Oh that's right they're no longer around because they tended to never complete projects under budget!

The scandal was a fairly open secret - it resulted in Brownlee losing
in Ilam in 2020, but still getting into Parliament on the List.

Like so many Labour MP's but guess as usual with you Labour good, National bad. The mantra of born losers like you Rich :)

Contrast that with the new Government in 2017 - they very quickly
encouraged trade training for apprenticeships, particularly for the
building industry. They also worked on ways of ensuring we had a more efficient building industry - they gave contracts to a wide number of
firms, and when Fletchers had problems meeting demand for Gib Board,
they enabled the use of alternatives from overseas and assisted
importation. Active management has resulted in the largest number of dwellings built in the time that they have so far been given - and the results are now being seen in artificially high prices for dwellings
coming back to more realistic levels. For all the sob stories about
people that bought at the peak and borrowed too much, there will be
more people who can now afford a first home. There is still a way to
go however - high immigration under National to keep wages down fed
that crisis in accomodation; care is needed to put New Zealanders
first, and to remind employers that sometimes if they need more staff,
they need to pay them enogh so that they can afford to live, have a
family etc.

So why did Labour wait till 2017? Clark had nine wasted years to correct the shortage of tradesmen that were biting even back then!

The banks promised that they would do everything they could to avoid
foreclosing - but it seems they have not spoken to this customer; but
the bank should have known that they were lending too much - are we
seeing predatory coporates again ripping off customers?

So what would you have the government do, JohnO?

I'm not a politician so why are you asking me, dimwit? Ask Chippie or Luxon.

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