Taking over others and rebranding is NOT 100K new houses. It's whatever they build + taking away from what the market supplied.
IE if there are 10K houses built by developers (not provisioned specifically by Kiwibuild) who otherwise would have sold in the open market, and Kiwibuild buys those, and resells them, there there aren't 10K NEW houses, there are 10K Kiwibuild homes and 10K less open market homes.
Kiwibuild was designed around ADDING 100K houses to the market that weren't there before and wouldn't have otherwise been built.
There is no chance of them getting to 100K now (unless they fiddle the numbers which Governments have been doing since the beginning of time), so there is nothing to be lost by admitting it (except their credibility, but that was shot in my view (on this topic at least) by making the promise in the first and everytime they have claimed it was possible since). They can say that now with confidence because it was obvious to the rest of us pre election.




