Greens still pushing lunatic rent caps

Radio NZ reports:

The Greens have launched their housing policy for the election, promising legislation to limit rent rises at 2 percent a year.

A poll of NZ economists found only 6% of them think rent controls are a good thing. This is not an issue on which experts disagree. It is a proven failure.

Co-leader Marama Davidson said with rental costs increasing from 19 percent of incomes in 1988 to 30 percent in 2022, 

Interesting she stops there. Because the policies of the current Government (stop loading costs on landlords) has seen rents remain static. The median rent in December 2023 was $600 and today it is still $600. So she ignores the policy that has worked for one that never works.

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