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Post by eri on Nov 16, 2021 9:34:45 GMT 12
Our laws are increasingly being made with great ideals in mind but no grounding in practical realities. Legislation that treats a mortgage the same as a high-cost payday loan is clearly problematic and yet it is happening.
The changes are effectively another form of taxation on the economy. Very soon, buying a home is going to feel a bit like MIQ. A lot more paperwork, a lot of declines, it will take three times longer, and home-buyers will be queueing to get in.
New Zealand has some of the worst productivity statistics in the developed world, and by adding a big dose of red tape we’re doubling down as we are doing in so many aspects of our commercial lives. We are drowning in cotton wool.
www.stuff.co.nz/business/opinion-analysis/300454821/mortgage-decline-rates-set-to-skyrocket-as-responsible-lending-changes-bite
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Post by Fogg on Nov 16, 2021 9:45:55 GMT 12
The trouble is this Govt never got the memo that said something along the lines of “Ideally the government should look for ways to remove itself from people’s everyday lives not increase it. And for every piece of new legislation try to repeal at least one - or ideally two - older / tired / irrelevant pieces of legislation at the same time.”
I’ve never heard of a ministerial title called “Minister for Removing Old & Unnecessary Legislation”.
But I think we need one now.
Someone should be told.
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