Concerns correct
Bryan Gould writing in the Bay of Plenty Times (Opinion, December 5) voices a concern that should have been taken into consideration many years ago.
Residential accommodation has attracted investment due to the ease of borrowing from the banks, with the prospect of extorting ever-rising rents from young people in need of a roof over their heads.
Investors also calculated on tax-free capital gains to finance a prosperous lifestyle into early retirement. Investment funds funnelled into property have starved innovative industry of venture capital resulting in a moribund economy. Young people faced with escalating rents, unable to save to get on the house ownership ladder, voted for change in the election.
Measures to adjust this problem such as rent control and a capital gains tax are well within the competence of the present government, who will not forfeit support thereby at the next election.
Robert Shaw Pyes Pa
Historic Village option
I agree with Bill Humphrey re the museum at 16th Ave. A huge amount of people, including myself gave the museum all sorts of things. I gave a cover sheet that my grandmother had apart from a few other things. I remember a real estate man gave his whole collection of precious and semi-precious stones. It was a great museum at the time. Where did all go? Why can we not have that site still?
There is parking there too.
With so many people allowed to build and live here, we should be thinking of road, rail, bus and water before something that may be a white elephant, as I presume the council thought of the last museum. A lot of people avoid Bayfair roundabout, with no one willing to give way it is a no-go area for a lot. Please think of all this first.
Patricia Roper Mount Maunganui