$75/week for $1m state house

May 1st, 2005 at 12:19 pm by David Farrar

I have no problems with the state assisting low income people with accommodation costs. But we see again an example of why income adjusted rent is a very inefficient way of providing assistance.

A $1m house is providing accommodation for a family for just $75/week. One could help three or four families into accommodation for the money tied up in that one house.

The accommodation supplement assists all low income families, instead of just those who have Housing NZ as the landlord.

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