$80 million of state house sales under Labour
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The Herald reports:
Kāinga Ora sold 167 state houses between 2019 and the beginning of 2024 – bringing in more than $80 million in sales.
“Selling vacant, older homes on under-utilised, high-value land that is not suitable for redevelopment is good asset management practice and part of our housing renewal strategy.
“Revenue generated is reinvested back into the portfolio.”
What they did was absolutely sensible. But no doubt when the same occurs under this Government, Labour and allies will claim it is privatisation, evil etc. It will be hypocritical nonsense, because they did exactly the same.
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