The Manawatu Tenants Union would like to Wish everyone a happy and safe Christmas and a better new year.
If you need advice give me a ring at home on 06 3581030 or leave a message on the voice mail.I will be back in the office in King Street on January 5th 2015.Take care.
Manawatu Tenants Union
Really good news,further to our letter to the editor[Manawatu Standard]concerning the idea of a property investor register.U.S.investors who bought large housing estates in London that once were affordable public housing,are on the verge of selling one of them to an affordable housing provider.
It represents a dramatic climb down by Westbrook Partners [An asset management firm based in New York].The sale is likely to send shock waves through the booming international investment market.There is always the possibility that with the government intending to dispose of a large number of its affordable housing stock, they could go the way of these investment companies from overseas.
Westbrook Partners faced a storm of opposition from the British Labour party and from Conservative Mayor Boris Johnson,who all demanded a rethink on their plans. A number of tenants from the 93 home estate mounted a campaign to save their affordable homes,they enlisted the support of comedian and inequality campaigner Russell Brand.The tenants organised a petition,and 300,000 signed it,
they marched to the Prime Ministers Office[10 Downing Street ] and presented to the PM.
So there you go ,just show's you what a bit of collective action can achieve,it was a moral victory for the tenants.The need for a register of landlords/property investors is needed for this
Hi There.
With the government not showing any interest in the idea of a property investor register,it is worth noting that private equity firms,particularly in the US and the UK have bought large housing estates that once were affordable public housing.Many of these investors have been accused of using their properties like ATM machines,tenants in and tenants out anyway they can. Many of the properties were in poor condition and have not been upgraded.The only change tenants have noticed,has been the large rent increases,many of these long-term tenants have moved on or made homeless with the loss of affordable housing.
At present there is nothing to stop the same problems from happening here in NZ,with the present government intending to dispose of thousands of state homes around the country.
.The outcome will see rent increases and a growth in homelessness for those unable to pay their rent.What concerns the MTU is that the government will do it,not because they have to do it,but because they want to do it.They are ideologically driven and committed to shrinking the state housing stock.
A landlord/investor register is a good idea,and long over due,the failure of successive National government's to provide affordable housing for all those requiring it,is a sign of market failure on their part.
With the government not showing any interest in the idea of a property investor register,it is worth noting that private equity firms,particularly in the US and the UK have bought large housing estates that once were affordable public housing.Many of these investors have been accused of using their properties like ATM machines,tenants in and tenants out anyway they can. Many of the properties were in poor condition and have not been upgraded.The only change tenants have noticed,has been the large rent increases,many of these long-term tenants have moved on or made homeless with the loss of affordable housing.
At present there is nothing to stop the same problems from happening here in NZ,with the present government intending to dispose of thousands of state homes around the country.
.The outcome will see rent increases and a growth in homelessness for those unable to pay their rent.What concerns the MTU is that the government will do it,not because they have to do it,but because they want to do it.They are ideologically driven and committed to shrinking the state housing stock.
A landlord/investor register is a good idea,and long over due,the failure of successive National government's to provide affordable housing for all those requiring it,is a sign of market failure on their part.
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