Green MP says she shouldn’t save for a deposit on MPs salary

September 30th, 2013 at 10:00 am by David Farrar

The Herald reports:

Green Party co-leader

Paid $214,000 for a three-bedroom wooden villa in Dunedin’s North East Valley in 2007.

She and her family left Auckland in 2002, partly because of the cost of housing on an MP’s salary.

She says there were good homes available in Dunedin for $140,000 to $180,000 when she was house hunting.

But her bank wouldn’t lend her less than $200,000 as she had no deposit and had to take out a 100 per cent mortgage.

You’re an MP on around $130,000 a year, and you claim you couldn’t save for a deposit.

Wait until they’re in Government and running the economy!

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75 Responses to “Green MP says she shouldn’t save for a deposit on MPs salary”

  1. bhudson (4,736 comments) says:

    That last part sounds beyond weird. The bank refused to lend her less money as she had no deposit? Because banks always like to double-down on the risk they carry, right? Sounds more like a Tui billboard.

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  2. BeaB (2,074 comments) says:

    I well remember paying 22% and the struggle on a teacher’s salary.
    This awful woman in her $4000 designer jackets (albeit hideous and ill-fitting) shows all the hallmarks of an entitled trougher.

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  3. duggledog (1,415 comments) says:

    There are houses in Dunners cheaper than that even now, that you could make a profit from.

    Only thing is you’d need to employ a bit of elbow grease and show some initiative by building on an extra room yourself, converting the garage etc.

    This however would be anathema to a Green MP who used to be in the McGillicuddy Mental Party and has no work ethic only a smart mouth and political cunning

    This woman has nothing to say that I would ever want to hear

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  4. YesWeDid (1,041 comments) says:

    Hidden due to low comment rating. Click here to see.

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  5. Grendel (966 comments) says:

    bhudson, back in 2007 when you could get 100% loans, a lot of lenders had minimum levels on them. the theory being that a 200K house would be more likely to go up in value than a 150K house.

    Notice that she was able to move to Dunedin becuase us muggins taxpayers keep paying her travel up and down the country.

    it does not surprise me that she could not save a deposit. i have met quite a few high earning lefties in my work and most of them are ashamed of what they earn so spend it all (yet they dont give it to the poor for some odd reason), becuase they expect the taxpayer will help them out. someone has to pay for her expensive clothes habits.

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  6. tas (596 comments) says:

    Is she trying to relate to poor people by claiming she can’t save for a deposit? If so, that’s pathetic. If she can’t save a deposit, it’s because she is grossly irresponsible. Sadly I think many people who claim to be struggling are just irresponsible.

    Also, I don’t understand why the bank would place a 200k minimum on the loan. Is she coming up with a BS story for why she isn’t living in a 100k house?

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  7. Mobile Michael (428 comments) says:

    Her statement about a bank not willing to lend less than $200k doesn’t seem to add up. If they were regusing, I’d just go to another, more flexible lender.

    But after 5 years in Parliament she did not have any savings for a house deposit? I hope Turei never gets near any financial decisions. She doesn’t even rank as a big donor to the Green Party compared to other Green MPs so she must be a personal spendthrift.

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  8. Grendel (966 comments) says:

    YWD the size of your student loan is irrelevant. its only your income that impacts payments on a student loan. By 2007 she was 37 years old, and had been in parliament for 5 years, yet you want to claim that she was held back by student loan payments?

    also she has a partner, so one would hope another income. you want to make us believe that in 5 years in parliament, and living in dunedin she was unable to save $10 700 as a 5% deposit on a $214 000 house?

    amusingly enough i bought my first home in 2007 for $210 000, and saved the $10 500 in under 2 years (actually saved $15 000), and this 2 years out of uni, earning less than turei, in central wellington and without all the perks of being an MP. so i think its safe to say you are talking shit (as usual).

    your attempts to defend her are valiant but pointless. she is a classic example of someone who spends more than she earns and then whines about how hard life is and how she should get help to do what she wants.

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  9. Longknives (4,624 comments) says:

    http://www.youtube.com/watch?v=y4PzthZ0Pyo

    Greens in power?? May God have Mercy on our souls….

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  10. dubya (217 comments) says:

    Luckily for Metiria, she can always fall back on the Green party superannuation fund/MP housing allowance housing rort if she finds herself homeless…

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  11. Harriet (4,614 comments) says:

    You capitalist pig Metiria!

    Just because you have a job and are a productive member of society, you think you are soooo smart, that you are special, and you deserve to drive a better car and go to the doctor when you need to, eat fine food, and have a better life than those guys down the street who sit and smoke pot under the tree on their front lawn all day.
    You are just cruel, because it’s so wrong for you to live so much better than some other people and only because you get up everyday and go to work and behave yourself.

    Sheesh, the arrogance of some people. They are soooo greedy. I bet she went to uni too, which makes her even greedier.

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  12. Ed Snack (1,773 comments) says:

    I suppose that the only point in her favour is that the bank *may* have considered that her earnings were less secure than many as she was don a 3 year no guarantees salary package.

    It does seem a somewhat querulous complaint given her earnings, thee are a great many of us who saved rather more and on lower salaries. Perhaps because we didn’t have a philosophy that demands that others be punished to provide us with benefits.

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  13. Roflcopter (445 comments) says:

    More inclined to not lend her, as you can’t really consider her job as being “stable”… I’d rate her as a high risk investment, and act accordingly.

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  14. dime (9,607 comments) says:

    wow. what a loser.

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  15. Longknives (4,624 comments) says:

    “and have a better life than those guys down the street who sit and smoke pot under the tree on their front lawn all day.”

    Hah! My contacts in Dunedin tell me this is pretty much all she herself does every day anyway…

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  16. duggledog (1,415 comments) says:

    Roflcopter, in a country where the All Blacks and what they had for dinner last night is way more interesting than boooring old politics, I’d say Turei’s career is long term and secure.

    John Key needs to start snap debating these clowns sooner rather than later. Low hanging heavy fruit first…

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  17. RRM (9,606 comments) says:

    Life’s tough when you’re on twice the average wage…

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  18. burt (7,948 comments) says:

    And these people want control of the finances for the country ….

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  19. Zapper (949 comments) says:

    $130k is clearly not a living wage (for someone obviously entitled to the good life at our expense). Better give her $200k

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  20. Keeping Stock (10,161 comments) says:

    Life’s tough when you’re on twice the average wage…

    With that comment RRM, it seems that your migration from the Left is complete; you’ve finally seen the light :D

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  21. bhudson (4,736 comments) says:

    Hey, you lot are being plain mean and sexist. Those designer outfits she has to wear for her job place enormous strain on her resources, you know.

    It’s tough at the trough.

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  22. labrator (1,821 comments) says:

    Life’s tough when you’re on twice the average wage…

    Wasn’t $65k the rich prick kick in rate in 2007? So a double rich prick and a lot more than double the average wage.

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  23. dubya (217 comments) says:

    Don’t forget the enormous strain Metiria TuiBillboard puts on those designer outfits… it’s hard to save when you have the munchies 24/7.

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  24. Sir Cullen's Sidekick (828 comments) says:

    labrator – $60K was the rich prick rate at which the envy tax of 39% kicked in. Wait until the Communists and Socialists (Labour & Green) get into power in 2014. The rich prick rate will start to kick in at 50K.

    When the Greens rule, you don’t have to worry about money. They will print and hand it to you whenever you want it. Simple really.

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  25. liarbors a joke (1,069 comments) says:

    “Life’s tough when you’re on twice the average wage”

    and twice the average weight….

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  26. Graeme Edgeler (3,274 comments) says:

    Back in 2002 it was more like $80K a year for a back bench MP and she probably had a massive student loan she was trying to pay off.

    The first Parliamentary salaries determination made after Metiria Turei was first elected set the salary and allowance (i.e. excluding the accommodation subsidy, alarm system subsidy, car subsidy, day allowance, night allowance, etc.) for a backbench MP at $122,815 (for the first year and a bit of her first term, the figure would have been $97,500).

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  27. Cunningham (828 comments) says:

    “You’re an MP on around $130,000 a year, and you claim you couldn’t save for a deposit”

    Well if you knew how much her clothing costs it all makes sense. I have been told some of the items of clothing she wears (i.e. her jackets) cost thousands of dollars each. But yep she is a champion of the poor so buying designer clothing is all part of the cause.

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  28. Changeiscoming (154 comments) says:

    Dont forget on top of her salary she gets the travel perks and expenses. Go and have a look at the expense reports which all MPs need to file on the Parliament website http://www.parliament.nz/en-nz/mpp/mps/expenses/

    You will notice that she is always near the top of the expenses list. She is an over the top trougher by anyones definition.

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  29. RRM (9,606 comments) says:

    Before rounding on her too much over the clothes issue – I wonder what a typical male MP’s suit costs?

    I doubt many of them are rocking $199 suits from Hallensteins…

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  30. Monique Watson (1,062 comments) says:

    Dear YesWeDid
    She didn’t have a student loan, Dumbass. Check out her birthdate. Unless she’s a dipshit and got kept back, she got her education paid for. Student Loans didn’t come in until she was in her last year at varsity.

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  31. burt (7,948 comments) says:

    It’s now obvious that the unemployment benefit should be circa $140,000/year !!!!!

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  32. Grendel (966 comments) says:

    you notice that many of the others in the article talked about working hard, longer hours, extra work (Judith collins selling shoes on the weekend even as a working lawyer, would any law grad do that now?) to afford their deposit, yet turei whinges about a 100% loan on an MPS salary.

    also re the bank, as a mortgage broker i can tell you that in 2007 the banks that were doing 100% loans had minimum loan levels as a way to not end up with lots of 100% loans on 40K boxes in Hawera.

    i dont think her being an MP with an election a year a way would have mattered, contractors with a year to go on their contract are accepted by lenders as fine most of the time.

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  33. bhudson (4,736 comments) says:

    burt,

    I think perhaps they will have to settle for $139,995. The $5 can be a contribution towards the ink costs for Russel’s printer.

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  34. dime (9,607 comments) says:

    Funny how negative the labour guys are.

    I just read the article. Phil Twyford lmao

    It must be hard to try and justify all the garbage the left come up with

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  35. Graeme Edgeler (3,274 comments) says:

    Dear YesWeDid
    She didn’t have a student loan Dumbass. Check out her birthdate … she got her education paid for.

    Turei graduated from Auckland in April 1999, so presumably completed study at the end of 1998. Not only would the study have been eligible for a loan, she would have been paying interest on it while studying.

    ref: University of Auckland roll of graduates

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  36. jcuk (626 comments) says:

    Dont forget was it Charles Dickens who had Mr McKiber say “earn one pound spend 19/6 you are rich, spend 20/6 you are in the poorhouse” [ Hope you metric oriented folk can follow that :) ]
    Some can do it she obviously cannot. To think I voted for her becuase I didn’t want to vote for the Labour twit in my electorate … lesser of two evils … next time it will be the legalise canabis for sure or perhaps National :)

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  37. Cunningham (828 comments) says:

    RRM (7,923) Says:

    “Before rounding on her too much over the clothes issue – I wonder what a typical male MP’s suit costs?

    I doubt many of them are rocking $199 suits from Hallensteins…”

    True but most of them are not so bitter and twisted about people with money like she is. Yet here she is buying clothes that would cost an average low income person about 4 weeks wages. That is the difference and I think she is fair game because of that.

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  38. dime (9,607 comments) says:

    “Turei graduated from Auckland in April 1999, so presumably completed study at the end of 1998. Not only would the study have been eligible for a loan, she would have been paying interest on it while studying.”

    oh it sounds so hard.

    Dime came back from oz in 2001. Changed career. Started on a pathetic wage. Dime was paying back a 40k student loan at the time. I still managed to buy two properties in auckland worth 550k. I had a whopping 15k deposit.

    This green thing cant budget. No surprise.

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  39. Monique Watson (1,062 comments) says:

    @Graeme.
    She’s four years older than me, so I’m assuming she graduated as a ‘mature’ student. Financing your education via student loan later in life is arguably also a bad financial decision. And given she graduated in 1999 and entered parliament in 2002 brings into question her suitability as an economic spokesperson.

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  40. BeaB (2,074 comments) says:

    RRM
    fair enough but she has a whole collection of these ghastly jackets that make her look like an upholstered Chesterfield sofa.
    They cost up to $4000 each!
    She could easily find smart, good quality clothes at a much lower price. And they might fit her better and make her look less like the Queen Mother on a demented day.

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  41. YesWeDid (1,041 comments) says:

    ‘Turei graduated from Auckland in April 1999, so presumably completed study at the end of 1998. Not only would the study have been eligible for a loan, she would have been paying interest on it while studying.’

    She also had a daughter at 22 and a couple more after that, children tend to slow down the saving for a house deposit.

    Ref: https://www.greens.org.nz/people/metiriaturei

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  42. dime (9,607 comments) says:

    “She also had a daughter at 22 and a couple more after that, children tend to slow down the saving for a house deposit.”

    what about the winner of a husband? surely he was pulling in some serious coin with his ukulele band.

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  43. dime (9,607 comments) says:

    BeaB – the left always have ill fitting clothing. Like Mallard. Its because they tend to come from trash.

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  44. Graeme Edgeler (3,274 comments) says:

    oh it sounds so hard.

    I’m not trying to make it sound hard, or easy. Someone made a factual claim (based on a reasonable assumption), which I thought might be mistaken. I checked and provided the correct information (while noting the limitations of my information). We can now have a debate slightly more centred around the facts.

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  45. RRM (9,606 comments) says:

    Bonus point question –

    What NZ political movement is dead set against “urban sprawl” that would allow Auckland housing supply to more closely follow demand, thereby dampening the rate of housing market growth? :-P

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  46. davidp (3,551 comments) says:

    Someone earning a top salary should be able to afford to buy a house, because people with MUCH smaller wages can afford to buy houses. If you’re too disorganised to get your own shit together on an issue as basic as your own housing, then you’re too disorganised to run the country.

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  47. swan (659 comments) says:

    Give her a break.

    Saving money is what dirty capitalists do.

    The cognitive dissonance of believing all the green dogma is hard enough. Couple that with trying to make rational financial decisions about your own life and your head would explode.

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  48. rangitoto (214 comments) says:

    SCS “When the Greens rule, you don’t have to worry about money. They will print and hand it to you whenever you want it. Simple really.”

    I’ll ask them for a 40 trillion handout. That might buy a loaf of bread under their system.

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  49. Psycho Milt (2,348 comments) says:

    What NZ political movement is dead set against “urban sprawl” that would allow Auckland housing supply to more closely follow demand, thereby dampening the rate of housing market growth?

    It is pretty funny. The only thing that would stop urban sprawl and turn Auckland into a proper city would be to make it hugely expensive to live in a house rather than an apartment, anywhere within 5 k of the CBD. The Greens want to stop urban sprawl and make it cheaper to buy a house in the city, a feat which would make having your cake and eating it look easy.

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  50. nickb (3,673 comments) says:

    A true “let them eat cake” moment by someone who is self-evidently one of the biggest cake consumers amongst all our politicians.

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  51. scrubone (3,074 comments) says:

    She also had a daughter at 22 and a couple more after that, children tend to slow down the saving for a house deposit.

    She had 5 years to save $20,000 on a $80,000 personal income. Given her partner probably was working too, one would imagine their joint income would have been at least $130,000.

    At the rate we saved for our first home, in that time I estimate we’d have saved enough to buy a house outright, possibly two, in that time.

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  52. Mackie (3 comments) says:

    @Changeiscoming, Interesting RE expenses – Turei’s travel (air and surface) between 01/04/2012 – 01/04/2013 is over $105,000.00. Shows scant regard for the environment and the taxpayer. She’s certainly not alone but she would defintiely be in the top 10 of carbon burners in parliament – the not so Green MP.

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  53. RRM (9,606 comments) says:

    I think it’s ok if a Green MP burns a shit load of fossil fuels, because they are doing it in the interests of enacting change. If you practise enough, after a while you can start to say that with a completely straight face.

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  54. Graeme Edgeler (3,274 comments) says:

    She had 5 years to save $20,000 on a $80,000 personal income.

    As I note above, Turei’s pay since being an MP has always been well above $80,000, even excluding the add-on subsidies. $97,500 for the first year, up to 122,815 in her second, and $140,480 by 2007.

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  55. RRM (9,606 comments) says:

    We’re trying to rant here Graeme. Please, keep your facts and your accuracy to yourself.

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  56. Mackie (3 comments) says:

    How much are houses in Mordavia?

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  57. dubya (217 comments) says:

    “I’ll ask them for a 40 trillion handout. That might buy a loaf of bread under their system”

    You wish, the new green regulations will say each loaf of bread must be gluten-free-organic-free-range-biodynamic, blessed by the local kaumatua and approved after three years of RMA consultation. Try 400 trillion.

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  58. david (2,548 comments) says:

    “RRM (7,932) Says:
    September 30th, 2013 at 11:25 am
    Before rounding on her too much over the clothes issue – I wonder what a typical male MP’s suit costs?
    I doubt many of them are rocking $199 suits from Hallensteins…”

    Wasn’t it Clayton Cosgrove who managed to claim a suit on travel insurance about every time he travelled offshore representing NZ Government? Perhaps there is your answer RRM – Cost of suit = HB suit/number of replacements claimed.

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  59. Paulus (2,544 comments) says:

    I would believe that when she bought her first house she was still married to Anne Hartley’s son, on the North Shore, so she probably had two incomes then !

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  60. Chicken Little (793 comments) says:

    The only person that spent more than her on air travel in the – 1 April – 30th June 2013 period was ……..wait for it …….. Hone

    What a surprise.

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  61. Keeping Stock (10,161 comments) says:

    david said

    Wasn’t it Clayton Cosgrove who managed to claim a suit on travel insurance about every time he travelled offshore representing NZ Government? Perhaps there is your answer RRM – Cost of suit = HB suit/number of replacements claimed.

    You’re quite right david; as many as three times did Mr Cosgrove lose his luggage, and had to buy new stuff. Now I don’t travel as much as a Minister of the Crown, and I’ve never had the privilege of going to the pointy end of the plane for a long-haul flight, but I’ve NEVER lost any luggage. I’d venture to say that Mr Cosgrove must be New Zealand’s unluckiest traveler :D

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  62. UpandComer (517 comments) says:

    Metiria couldn’t save 10% on a 187 thousand house on her salary, with her holier then thou philosophies? Dahahahaha thse people are priceless. Please lord jesus don’t let them near our money.

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  63. burt (7,948 comments) says:

    http://www.stuff.co.nz/business/industries/9226635/Labour-wants-home-loan-exemptions

    I guess like always – they are selling this as for first home buys and low earners – reality will be it is for MPs associated with the Labour party and union members only.

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  64. hj (6,608 comments) says:

    Lockwood Smith:
    Dr Smith acknowledges that first-home buyers, let alone people still at university with student loans, have it tougher than he did, “but it’s worth it in the long haul”.

    There is absolutely no comparison between then and now. One major difference is Labour making the property market a global one.

    “The deal of the decade comes along once a week!” says de Roos. “If you believe that, you will find deal after deal after deal.” But you will only amass money, he says, when you come from an abundance consciousness instead of a poverty consciousness; when you tell yourself, “I am a magnet for money!”

    Tonight, a pumped de Roos tells his audience that he wants people to invest in property and write to him 12 months down the track and tell him they’ve “made one million or three million, or you’ve got 16 properties, or we’re taking six months off because our cash flow now exceeds our outflow!” He says, “I don’t know any other activity where the rewards are so huge. If you want to invest a million dollars in the sharemarket, you need a million dollars. If you want to invest a million in real estate, you only need $100,000.”

    You can buy one property, get it revalued, use the equity to buy another property and then buy another and another. “And you do it all with OPM. Other people’s money. OPM. It’s like being high on drugs!” What’s more, the wonder of depreciation claims on the building and contents means “the government subsidises your investment! It’s delightful!”

    House of the Rising Sum
    Listener.

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  65. burt (7,948 comments) says:

    Ironically if the Green’s start up their printing press then the banks will probably want 200% deposits because they know that every few weeks the prices of houses will double… along with the price of all other things because of rampant inflation.

    Mind you – The Green party probably believe the lies they tell that increasing the amount of money in circulation won’t impact inflation… which I guess it won’t when anyone who earns more than a beneficiary is taxed at 100%

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  66. hj (6,608 comments) says:

    “I added on a room”; “I converted the garage”; “the thing to do is buy a corner section and subdivide”…etc

    we used to have something called civic pride, but these are the people of which the National Party cloth is cut (shit and run)!

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  67. burt (7,948 comments) says:

    hj

    The greatest shit and run in recent history is Clark & Cullen creating the recession prior to the GFC then both ending up in highly paid jobs while the rest of the country had to tighten their belts….

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  68. liarbors a joke (1,069 comments) says:

    Maybe its not so bad we let the filthy little greens in for one term…the inflation will be fantastic , my house values will increase 10 fold…then we kick the torrid little excrement composters into touch…LAJ cashes up and heads to Ko Samui to retire.

    I like it.

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  69. burt (7,948 comments) says:

    LAJ

    And even if that happened they would claim their policies were a success for hard working NZ battlers.

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  70. scrubone (3,074 comments) says:

    Having read the article, there’s such a stark contrast with the other people they talked to who seem to have worked hard to put together a deposit on a limited income.

    It’s incredible she even thought it would be a good idea. How embarrassing.

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  71. lolitasbrother (563 comments) says:

    Yes, good post Mr Farrar,
    Whenever I read comments by people like the Greens [ or anyone] describing ‘no brainers’ It makes me very suspicious indeed. A ‘no brainer’ is a simplistic and arrogant dismissal .
    The food narrative has changed dramatically over twenty years, and keeps changing with increasing knowledge. There was a time when fat was going to kill us all, then cholesterol, and you were supposed to munch carbohydrates and plenty.
    But now it seems even fruit [ fructose ] sugar is something to be very wary of.
    The food chain is littered with claims one way and another .

    As for Gareth Morgan, his grandiosity has made him a laughing stock within the country, as he gives us advice on everything from tax, to cats, to Korea, the environment, dairy, housing, everything he says is now the subject of derision.
    What do you think now Bernard Hickey.
    The signs of Morgan’s distance from reality were there quite a few years ago. His ludicrous capital tax scheme, for instance would tax 2% yearly on capital value of all homes, businesses, farms and factories.
    Lets take a Widow in Auckland with income only superannuation, but a reasonable home , where she has lived before and after her husband died , this mad tax would take out her entire superannuation for the nutcase Morgan to redistribute to his favoured Green causes.
    See http://garethmorgantax.blogspot.co.nz/
    Thats right, but I nearly forgot he also wants to let specialists like himself have control over reserve bank policy.
    Morgan is a sociopath, his arrogance and messianic attitude is unusual in New Zealand .

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  72. lolitasbrother (563 comments) says:

    above post, sorry, wrong reference, thats what happens I have four windows open at the same time

    The idea of 100% loans for housing is surely preposterous. Greens want to reduce housing costs.
    But the Banks and investors should take the risk of 100% loans at the same time.
    The higher the deposit the more subdued the market.

    but wait, further on discrimination ,
    Longknives (2,990) September 30th, 2013 at 10:25 am

    interview with Metiria Turea
    http://www.youtube.com/watch?v=y4PzthZ0Pyo

    In this interview Metiria gives poverty as a sound reason to supplement income by growing dope.
    Thats Maori only of course.
    At 30 seconds in the film
    Metiria Turei says poor Maori should not be punished for their entrepreneurship growing dope, it is an income supplement , and they should be encouraged for their real skills, they are horticulturists [ and should not be criminalized by the Police and the Courts for selling dope ]
    Further it is not fair that these Maori people growing drugs are under threat just because it is illegal.
    And the Courts pick them out for harsher sentences when they are horticulturists she says .

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  73. itstricky (1,682 comments) says:

    “She also had a daughter at 22 and a couple more after that, children tend to slow down the saving for a house deposit.”

    what about the winner of a husband? surely he was pulling in some serious coin with his ukulele band.

    But hold on DPF. Isn’t the life of an MP with children really tough?

    Chris is a popular and effective MP. Being an MP, let alone a Minister, with school age kids is tough.

    Or is that just when you’re a do-no-wrong National Party MP, as opposed to an always-wrong Green one?

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  74. Tauhei Notts (1,633 comments) says:

    Swan at 12.05 yesterday.
    I have been away from Kiwiblog for nearly a month, and that was the best contribution since my return
    Beautifully written, succinct and oh so accurate. Swan, you deserve a single malt of the highest quality.

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  75. SPC (5,472 comments) says:

    The heading incorrectly says she said “should not save”, yet the claim is then that she “could not save”.

    I say claim, as she said she had not saved, not that she could not have on her salary.

    She may have made donations, supported family, made investments etc.

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