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New Zealand Sell off or Preservation ?, Housing Crisis, New Zealand's Response to Foreign Ownership

800 views · Published 6 April 2018 · 35:57 · Indexed 29 October 2026

Channel: Mike Martins · 2018 · News & Politics

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This is a transcript of a video where the speaker, Mike Martin, discusses the housing crisis in New Zealand. Here's a breakdown:

Introduction:

The speaker introduces himself as Mike Martin and mentions he has a special video segment about the housing crisis in New Zealand.
He mentions he's been following the crisis for about four years, criticizing the previous Conservative government for not addressing it effectively.
Description of the Housing Crisis:

The speaker describes the crisis as a "disgusting nightmare" affecting various aspects of life in New Zealand.
He points out issues like affordability, cost of living, unemployment, and people having to use home equity to survive.
He mentions the high prices of housing and poor quality rentals, including meth testing.
Global Impact:

The speaker suggests that this housing crisis is not unique to New Zealand and has affected many English-speaking countries worldwide, including Australia.
Acknowledgment and Empathy:

The speaker expresses empathy for the New Zealanders who have been negatively impacted by the crisis, especially under the previous government's power.
Personal Plug:

He briefly promotes his own video segment about trends in the housing market that he does every Wednesday night.
Discussion on New Zealand's Housing Crisis:

The speaker talks about how they get calls from New Zealanders during their live sessions, discussing the housing crisis and its effects.
Current Situation in New Zealand:

The speaker refers to a recent article stating that over  families are waiting for state housing, but there are less than 50 available.
He emphasizes that the Maori and Pacific families are particularly affected by the shortage of larger houses.
Discussion on Foreign Ownership:

The speaker mentions that there's a debate about whether foreigners should be allowed to buy property in New Zealand.
He brings up his experience in other countries like Mexico, Thailand, and China, where he couldn't buy property as a foreigner.
New Zealand's Response to Foreign Ownership:

The speaker talks about New Zealand's move to ban foreigners from buying existing homes in the country.
He supports this move, saying that New Zealand needs to protect its sovereignty and way of life.
Efforts to Address the Crisis:

The speaker highlights efforts to address the crisis, such as building up to 4,000 new affordable homes in a major development.
Criticism of the Ban on Foreign Homebuyers:
The speaker mentions that some billionaires are against the ban, arguing that it will hurt investments and the country's reputation.
Discussion on People Leaving Metro Vancouver:
The speaker briefly touches on the trend of people, both white and indigenous, leaving Metro Vancouver due to housing issues.
Conclusion:
The speaker encourages viewers to share their thoughts on the New Zealand housing crisis and expresses hope for positive change.
Please note that this breakdown is an interpretation of the content, and any opinions expressed are those of the speaker, not an official statement.

New Zealand,
Housing Crisis,
Mike Martin,
Housing Market,
Foreign Buyers,
Immigration,
Sovereignty,
Homeownership,
Affordable Housing,
Rental Crisis,
Government Policies,
Property Prices,
Kiwi Build Program,
Prime Minister,
Economic Impact,
Racial Profiling,
Wealth Disparity,
Social Issues,
Regional Development,
Investment,
Public Housing,
Immigration Laws,
Home Equity,
Interest Rates,
Poverty,
Education,
Employment,
Environmental Concerns,
Urban Development,
Infrastructure,
Community Hub,
Public Transport,
Mirrored Immigration,
Real Estate,
Urban Planning,
City Growth,
Cultural Identity.

#mikemartins  #mikeinthenight

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