Budget does not even offer mere crumbs

This article from Johnathan Milne is scary - and bang on. Read it. No wonder National has announced tax cuts - and another budget - by Christmas if it gets into power.

Come on Jordan and you other Labour supporters, where's your justification for Hullen and Cullens magnificant budget? As well as Cullens great housing plan...

Those wanting to buy in Auckland City and other expensive markets could miss out altogether: it is available only to those buying houses in the bottom quarter of the regional housing market. For example, on Quotable Value figures for the final quarter of last year, the cut-off for Auckland region would be $275,000 - and only about 200 houses sold below that figure in all of Auckland City.

(even with the governments assistance) The brutal truth is that the sunny era in which all New Zealanders could aspire to own a home is over. Housing Minister Steve Maharey made that clear by targeting the package at those earning between $40,000 and about $100,000.

On a low income or a benefit, investing your savings in a house may be neither realistic nor wise.

Just like I said the other day. If you are not on the average wage or over, you ain't going to be able to service Cullens mortgage plan, or get a decent house with one. Those on $70,000 and over should be able to save for a mortgage like we did on less than half that.