VeronicaSchmidt
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$400 million? I very much doubt that.
Then why was there such an outcry by Nick Smith when it was found there was just $30 million needed to bring all HNZ houses up to the proposed WOF standard and the findings were that well over half of the homes were not up to this standard?
More lies like the police statistics which the police have said were false just yesterday.
As I understand it HNZ has over $16 billion of housing that it owns. An orderly sell off of all of HNZ"s assets would overtime allow the Government to reduce its national debt by $16b. If there was any money left over it could be invested in the Governments super fund which has a much better rate of return on it than minute amount that HNZ gets back.
Regardless of who owns the houses any new owner would either be living in them or renting them out. So the total pool of used houses would still basically be the same.
With the looming superannuation crisis coming up $16b of reduced debt or investment now will help meet this upcoming need.
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