Labour’s Kiwibuild policy will provide some people with cheap houses, giving them a windfall capital gain if it doesn’t drag all house prices down.
These houses could be eagerly sought, but the Kiwibuild fact sheet suggests the queue will ‘self-select’.
No household type will receive preference over any other household type. Nor will there be any income restrictions. On the whole, people will ‘self-select’, with those who can afford to move up the property ladder excluding themselves.
Is this based on the well proven Labour leadership ‘self-select’ model?
More blog comment on Kiwibuild:
- Kiwiblog: Why the left should be against Labour’s housing policy
- The Standard: Kiwibuild