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The death of trickle down economics and the mess we’re in
Written By: - Date published: 7:11 am, June 17th, 2015 - 139 comments
Trickle down economics is pronounced dead by the IMF. Housing, the working poor and the economy – the policy settings are wrong everywhere.
Culprit for Nats’ housing fiasco located
Written By: - Date published: 10:39 am, June 16th, 2015 - 40 comments
You’ll never guess!
The Government’s Auckland Housing policy fiasco grows
Written By: - Date published: 7:59 am, June 16th, 2015 - 20 comments
The Herald has reported that, contrary to John Key’s assurances that the Government did not have to do so, one of the pieces of land set aside for the Government’s affordable housing partnership with private developers has already been offered to iwi under right of first refusal.
Ghost houses and the invisible hand
Written By: - Date published: 7:01 am, June 16th, 2015 - 243 comments
Auckland has an urgent deficit of 20,000 to 30,000 houses. Meanwhile 22,000 houses are sitting empty. Behold the efficiency of the market!
Smith embarrassed as Iwi propose legal proceedings over Auckland housing
Written By: - Date published: 7:51 am, June 15th, 2015 - 60 comments
Ngati Whatua and Waikato-Tainui have announced that they will seek a declaration from the High Court on their rights to participate in the constructing of social housing on Crown land in Auckland. Their proposal that the Crown joins with them in making a joint application is a good one. Surely Nick Smith will agree to this.
Affordable – in your dreams
Written By: - Date published: 7:03 am, June 15th, 2015 - 69 comments
Even under the best assumptions National’s “affordable” houses in Auckland are not actually affordable for the average paid worker. Nick Smith is dreaming.
Costly government
Written By: - Date published: 3:00 pm, June 14th, 2015 - 43 comments
This is the true irony of National governments. Their entire platform is one of “fiscal responsibility” and “good economic management” yet time and time again they spend money the way I did when I was a teenager: false economies and short-term wish fulfilment.
The Responsibilities of Government
Written By: - Date published: 9:00 am, June 14th, 2015 - 45 comments
The death of Emma-Lita Bourne is not just a personal tragedy for the family: it is an event that should make New Zealand angry with the powerful people in our society who control the purse strings. They are responsible for condemning thousands of children to life-threatening conditions. And they are doing it in our name!
Heartless government
Written By: - Date published: 3:00 pm, June 13th, 2015 - 123 comments
A few stories of recent weeks which show exactly what kind of government we have.
Housing Bubble
Written By: - Date published: 11:11 am, June 13th, 2015 - 94 comments
There is always a need for rental properties and the idea that there is not enough supply again comes from the inability for people to purchase housing themselves. This swells the demand above and beyond. So should the Government try to stop people becoming landlords? Of course not. But to raise the standard of living that a landlord must provide will slow demand and give better housing
Nick Smith strikes out on housing land
Written By: - Date published: 8:56 am, June 12th, 2015 - 51 comments
Nick Smith on housing then and now
Written By: - Date published: 7:02 am, June 11th, 2015 - 66 comments
In 2013 Nick Smith promised an effective housing WOF. Yesterday he said “People dying in winter of pneumonia and other illnesses is not new.” Has National ever kept a constructive sounding social policy promise?
OECD sounding the alarm
Written By: - Date published: 10:26 am, June 10th, 2015 - 84 comments
Freeing up Auckland land for private development and sale at market rates isn’t going to cut it.
Another death linked to cold state house
Written By: - Date published: 5:03 pm, June 9th, 2015 - 127 comments
This should not be happening in New Zealand.
NRT: Half-measures on housing quality
Written By: - Date published: 2:00 pm, June 9th, 2015 - 71 comments
I/S at No Right Turn: “Any improvement is better than what we’ve got now .. At the same time, we should recognise that this is pathetically weak.”
Murdoch on state houses then and now
Written By: - Date published: 10:51 am, June 7th, 2015 - 4 comments
Government buys a fight with iwi
Written By: - Date published: 7:11 am, June 5th, 2015 - 57 comments
The Nats seem determined to buy a fight with iwi over Auckland land, practically challenging them to court action. Do they really think this is going to end well for them?
Geddis on Auckland housing land
Written By: - Date published: 8:25 am, June 4th, 2015 - 54 comments
Yesterday we covered National’s blunder in not considering Treaty settlement obligations in its plans to free up state land for Auckland housing. Today you can read someone who actually knows what they’re talking about on the issue, check out Professor Geddis’ piece at Pundit.
Auckland land shambles
Written By: - Date published: 9:30 am, June 3rd, 2015 - 90 comments
The problems for National’s housing plans for keep coming, with Ngati Whatua pointing out that it has first call on the land to be “freed up” under treaty agreements.
Mortgagee sales
Written By: - Date published: 10:14 am, May 25th, 2015 - 21 comments
A marked drop in mortgagee sales recently. Good news?
Polity on Housing
Written By: - Date published: 9:07 am, May 20th, 2015 - 39 comments
Rob had a couple of great posts on National & Housing yesterday, as they are all over the place on it. Still trying to point the finger at Helen Clark because average house prices in Auckland rose $219,000 in the 9 years of the last Labour government; but it’s no longer crisis after a further $313,000 rise in 7 years of National.
Rushed policy is bad policy
Written By: - Date published: 7:10 am, May 19th, 2015 - 24 comments
National’s policy opens the door to more effective capital gains tax, thus irritating investors and their base, while probably not achieving anything in practice. The worst of both worlds. Bonus question – does this policy effectively underwrite losses when the property bubble bursts? Plus another bonus John Key lie!
Capital gains tax to be introduced
Written By: - Date published: 11:45 am, May 17th, 2015 - 196 comments
National appears to be doing an about face on a Capital Gains Tax for housing.
English welcomes Reserve Bank doing his job for him
Written By: - Date published: 9:03 am, May 14th, 2015 - 54 comments
Why is it left to the Reserve Bank to try and tackle the property bubble? It’s true – this government is recklessly complacent.
ACTing all surprised about it
Written By: - Date published: 7:03 am, May 13th, 2015 - 129 comments
ACT’s David Seymour is acting all surprised about the damaging consequences of right-wing policies. It’s like he’s seeing the world for the first time.
The state housing sell-off
Written By: - Date published: 7:02 am, May 8th, 2015 - 7 comments
If National were serious about their “social housing” spin they would place restrictions on the use and resale of these houses. Without such protections its just another privatisation of public assets.
NRT: National’s hand-wringing on housing
Written By: - Date published: 4:12 pm, April 23rd, 2015 - 20 comments
Auckland house prices have exploded again. Houses get more capital gains than their inhabitants do in salaries. So what is the government doing about it? Nothing. They haven’t tried the economic basics.. Capital gains tax to decrease demand, or a building programme to increase supply. Meanwhile National’s landlord MPs laughing all the way to the bank…
International interest in Auckland property market
Written By: - Date published: 7:03 am, April 22nd, 2015 - 46 comments
If the latest ad running in Malaysia and Singapore is anything to go by we can expect more fuel to the Auckland property price flames. “How would you like people in New Zealand, to give you around half their weekly wages?”…
Housing and capital gains tax
Written By: - Date published: 10:02 am, April 18th, 2015 - 91 comments
This week the Reserve Bank recommended adopting the Labour / Green capital gains tax, the National party denied and dithered, and Don Brash explained the truth about the property bubble.
(Image credit Foxy.)
National’s social housing policy in action
Written By: - Date published: 10:16 am, April 9th, 2015 - 14 comments
For those who are wondering how National’s “social housing” policy is going to work in practice, The Herald today has a piece that gives a pretty fair idea.
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