New Zealand Vowed 100,000 New Homes to Ease Crunch. So Far It Has Built 47.
That’s the headline. The first paras:
When New Zealand’s housing crisis became so bad that one study found only Hong Kong less affordable, the country’s prime minister came up with a solution: An ambitious plan to prompt the construction of 100,000 new homes over the next decade to help ease prices.
But on Wednesday, the government of Prime Minister Jacinda Ardern said it would scrap its initial targets after failing to meet them, with just 47 of the 1,000 homes it had promised by July built so far.
Nice to have a policy fiasco go global!