Inside child poverty revisited, Bryan Bruce

[Zurdo]

“But within five years, my parents had bought a house in Spreydon (Christchurch) and they did it because the government controlled the mortgage market and lent the money to my parents and to the baby boom generation at three per cent for 40 years.

“So we all got a house and we all got fed.”

The Golden Goose that Ruth Richardson sold - not only did the Government supply rental housing, they also supplied mortgages to low income workers...which also supplied the Government with income for future housing development. All Governments have been going backwards on social housing ever since.