Median household rents in Wellington have gone up $150 per week since 2017. That is $7500 more a year they are paying. Renters are at the sharp end of the housing crisis. Something needs to be done.
In 2019 I wrote about Wellington's rental crisis - in part based on a 2018 report of a female civil servant priced out of the city. Since then the crisis has become twice as bad. The problem is not economics it is politics. https://medium.com/land-buildings-identity-and-values/fixing-wellington-a6c431a4894c
Can Wellington Transform Itself?

Wellington hopes to become a city with good quality, warm, dry affordable housing

https://medium.com/land-buildings-identity-and-values/fixing-wellington-a6c431a4894c
Experience shows that politicians cannot be trusted when it comes to housing. The siren call of free capital gains is too strong. A mechanism is needed that sets a course to affordability regardless of the sirens. Which is what this thread is about.
https://twitter.com/brendon_harre/status/1351100365006139394?s=20
Wellington should have responded to its rental crisis at least three years ago - but it didn't. Now it deservedly has become the butt of jokes. https://twitter.com/Rosslikesoceans/status/1351134163605344265?s=20
Wellington is the butt of jokes around the world - not just in NZ. https://twitter.com/ThizzelleDregan/status/1351274928490745857?s=20
And it is not just Wellington that has become the butt of jokes - it has also spread to NZ's Prime Minister @jacindaardern https://twitter.com/AdamParsonz/status/1351462249508921345?s=20
The reason Wellington and @jacindaardern has become the 'butt of jokes' is the siren song of free capital gains has led the good ships Wellington and NZ to their peril.
Of course NZ's housing situation is not funny. Rapidly rising rents is clear evidence the housing market is under supplied, causing an increase in demand for public housing. The waiting list in the two months from September jumped by 1000 households. https://www.stuff.co.nz/national/politics/300209428/public-housing-waitlist-grows-by-1000-in-two-months-to-new-record-high-as-high-rents-hit-the-poor
Public housing waitlist grows by 1000 in two months to new record high as high rents hit the poor

New figures show tens of thousands waiting for public home, while hundreds of thousands using accomodation supplement.

https://www.stuff.co.nz/national/politics/300209428/public-housing-waitlist-grows-by-1000-in-two-months-to-new-record-high-as-high-rents-hit-the-poor
Journalist @henrycooke has a good thread describing NZ's increasingly desperate public housing situation. https://twitter.com/henrycooke/status/1351596663522017280?s=20
You can follow @brendon_harre.
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