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Leave Housing Market Alone

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  • Libertarianz Media Centre
    PRESS RELEASE LIBERTARIANZ HOUSING Leave Housing Market Alone ===================== Keith Patterson, Libertarianz Housing Deregulation Spokesman, urges Labour
    Message 1 of 1 , Jan 9, 2005
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      PRESS RELEASE
      LIBERTARIANZ
      HOUSING

      Leave Housing Market Alone
      =====================

      Keith Patterson, Libertarianz Housing Deregulation Spokesman, urges Labour
      not to engage in its housing assistance scheme for first time home buyers.
      Patterson says, "This trendy, populist new assistance project is not only a
      moral disgrace, but will also result in a massive warping of the housing
      market."

      "Housing New Zealand plans to redistribute taxpayer funds towards up to
      10,000 families, funds that belong to those who have acquired property
      through their own efforts and funded their own decisions in life," says
      Patterson. "I cannot deny that it is getting more difficult to break into
      the Auckland housing market at this time. However, there is no justification
      for making a claim to my own possessions simply because someone else has
      chosen to participate within the market and is woefully financially
      endowed."

      Libertarianz advocates removing all government controls and assistance in
      any market, including the accomodation supplement which Libertarianz suggest
      is helping to create a bubble in the market by falsely inflating rental
      returns. "The role of government is protection of property rights, not
      funding property purchases or subsidising landlords," says Patterson. In
      addition, Libertarianz will privatise the state housing system and ensure
      that those who do buy or rent do so through free-market processes.

      ENDS

      Keith Patterson
      Libertarianz Housing Spokesman
      (09) 535 9696
      asbestos@...

      More Freedom - Less Government
      www.libertarianz.org.nz
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