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Ryan Bridge: What's cruel versus fair in the social housing debate · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Twenty seven after five Nikola Willis's lotto comment yesterday was
• 0:03
  Speaker 1: a bit clumsy, but in the end much to do
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  Speaker 1: about nothing. Really. The politics of this housing thing pretty simple.
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  Speaker 1: You got eighty thousand social housing tenants who probably weren't
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  Speaker 1: going to vote National, who now definitely won't vote National.
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  Speaker 1: You get one hundred and ten thousand better off who
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  Speaker 1: might soften to you. At best. You've got a frothy
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  Speaker 1: media and opposition who will use this as a stick
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  Speaker 1: to beat the Coalition with until November. Nikola Willis's cruel
• 0:27
  Speaker 1: thatcher light, et cetera, et cetera. But here are the facts.
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  Speaker 1: If you're a voter worried about rent, then they are
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  Speaker 1: now materially cheaper than they were under the last lot.
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  Speaker 1: The average is down thirty bucks a week nation wired
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  Speaker 1: from six sixty to six point thirty for April. That's
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  Speaker 1: real estate dot Co figures. They shot up for a
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  Speaker 1: couple of reasons, one of which was Labour's landlord bashing
• 0:49
  Speaker 1: interest deductibility shocker, which didn't hit mega slum lords by
• 0:54
  Speaker 1: the way, most of them weren't leveraged. It hit mum
• 0:56
  Speaker 1: and Dad investors, many negatively geared who couldn't afford to
• 1:00
  Speaker 1: hold on to their retirement nest Egg any longer got
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  Speaker 1: hit with the compliance costs and got the hell out
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  Speaker 1: of Dodge. Shortages help push up prices. The bad news
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  Speaker 1: is they are more likely than not to do this
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  Speaker 1: again if they are back on the treasury benches. This
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  Speaker 1: is labor. The social housing waitlist was twenty five thousand
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  Speaker 1: and twenty twenty three. It's now nineteen thy seven hundred.
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  Speaker 1: Labor was paying a million dollars a day on motels.
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  Speaker 1: Remember that. So let's talk about what's cruel and what's
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  Speaker 1: fair and what motivates these politicians. Let's play who's more cruel.
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  Speaker 1: Willis and Bishop are changing the rules to even the
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  Speaker 1: playing field. It is cost neutral. The government is not
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  Speaker 1: saving any money here, not banking any money. Hipkins and Co.
• 1:42
  Speaker 1: Were banking one point eight billion dollars in extra taxes
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  Speaker 1: that other legitimate businesses weren't having to pay, just the landlords.
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  Speaker 1: That's almost the total amount they spent on motels. Coincidentally,
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  Speaker 1: in which of these two scenarios are key we renters
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  Speaker 1: better off and in which they worse off. If there's
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  Speaker 1: one thing worse than being cruel, to be kind, I
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  Speaker 1: think it's being careless. For more from Early Edition with
• 2:09
  Speaker 1: Ryan Bridge, Listen live to news Talks it Be from
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  Speaker 1: five am weekdays, or follow the podcast on iHeartRadio