And why? Well, because as we have also told you, and these past two weeks have revealed it, KiwiBuild is not the scheme it was portrayed as, it is not for the low waged, the locked out, it is not the social housing programme it was painted.
It's for the middle-class, six-figure salary earners, graduate doctors, the marketing executives - and once Treasury did the numbers the scam was exposed.
Only a third of people could ever possibly afford the $650,000 price tag for a three or four-bedroom home.
Of course lots of people wanted a house, but you need well in excess of $100,000 of income to pay for it, and there are not many of those people out there.
And that's before you get to the bit where, if you do have that sort of money, the market has hundreds of other options for you already. In Auckland alone, a week or so back when I checked, there were over 900 listings. You don't need Twyford's ballot, there are 900-plus other options you already had your name pulled out for. It's called the open market.
So reality has hit, 338 set to go. The upside is only 18 houses have actually been built.
But, when that number hits the thousands, and Twyford doesn't have qualified buyers, then what? Who buys the house? Remembering, of course, that Twyford said the money from the sales would be ploughed back into more homes.
What if there are no sales, because there is no demand? Who buys the houses? Who pays the builders? We do, that's who.
And that is your budget blown. Unless the demand suddenly appears from nowhere , or the Government start creating a new class of customer by way of subsidy or split equity, they are going to end up with hundreds, if not thousands of houses, with no one lined up to buy them.
If this had been a social housing programme it would be different. But it isn't, it's a commercial development that competes with every other house for sale.
If it looked this ugly this early I'd be panicking. The promise: 100,000 homes. The queue so far: 338. You do the math.
