Monday, January 14, 2013

More predatory landlords

In this story on stuff.co.nz, medical professionals are warning investors who are snapping up earthquake-damaged homes in Christchurch to make sure that they are livable before renting them out. What has been happening is that rich investors, with cash on hand, are buying up properties that were damaged in the earthquakes that hit Christchurch, but have been written off by insurance companies as uneconomical to repair. The investors are then renting them out for huge returns, up to 25%. Of course, some of those properties will be very unhealthy to live in, but the rental market in Christchurch is so crazy that many people don't have a choice.

We need a warrant of fitness for rental properties, where owners must prove that a property is livable before it can be legally leased out.

Sunday, January 13, 2013

Don't be an activist in the USA

The message from this story is don't try to change the status quo in the USA if it threatens rich people's money. The government will crush you for it.

Waiting Lists

I recently saw a letter from Dunedin Hospital to a patient who is waiting for a CT scan. The WTF moment was when I saw that the target waiting time is six weeks, while the mean actual waiting time is 38 weeks.

How does a health system get this run down? How many bureaucrats do we have to sack before we can funneling more money to the people who actually look after sick people?