Rikkitic:
What never ceases to perplex me is the sweetly simple-minded belief people seem to have that anything will somehow magically be better under a National-led government. It will just be more of the same old same old, Tweedledum handing over to Tweedledee.
I think what I find frustrating is that with all the doom and gloom about interest rate rises and people tightening their belts is that why are we so dependent on homeowners spending excess cash?
I know the answer and it annoys me. That we are essentially a housing economy with some bits and pieces tacked on. The thing is, as time goes by, fewer and fewer will actually own houses, so interest rates will be of less and less of a concern. Yes I know it could increase one's rent etc.
So if we have a change of government, will they waive a magic wand, pass legislation to force the Reserve Bank to reduce the OCR? Our population is ageing too quickly and probably beyond the point of no return.