Waikato Times

Affordable housing

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In reply to Mr Pascoe’s letter (September 10). Re infrastruc­ture and availabili­ty of residentia­l sections. Mr Pascoe may be an accountant but he is certainly does not understand basic economics. Economics 101 states ‘‘if the demand exceeds supply the price will rise’’ . What Mr Pascoe failed to explain is that it takes at least 18 months for sections to be ready to be built on once council have provided the core infrastruc­ture. In the mid-1970s the Housing Corporatio­n purchased a large property in Peacockes for affordable housing. At around the same time the Ministry of Works and other local authoritie­s provided a blueprint for Hamilton to expand. The sewage plant at Pukete was designed for 300,000 persons. This report stated that the preferred housing areas should be

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