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Is RBNZ ignoring deflation bogey?

Written By: - Date published: 6:52 am, January 29th, 2016 - 71 comments

Is Reserve Bank Governor Graeme Wheeler so concerned about the bogey of Auckland’s housing bubble that he is underestimating an equally nasty bogey – deflation? Deflation will certainly cure the problem of the property bubble, but that cure will be at a terrible cost.

Another housing policy screwup?

Written By: - Date published: 1:39 pm, January 22nd, 2016 - 38 comments

Bennet’s proposal to incentivise / coerce state housing applicants to leave Auckland for housing elsewhere seems to have hit a snag…

NZ first in the world!

Written By: - Date published: 2:23 pm, January 15th, 2016 - 46 comments

housing-afforability

The problem with free market capitalism

Written By: - Date published: 11:16 am, January 9th, 2016 - 249 comments

This morning’s Herald contains a story about a young man who with a family gift has managed to purchase eleven houses over the past five years and can afford to pay World of Warcraft all day.

Treachery and silly season political snippets

Written By: - Date published: 7:41 am, December 23rd, 2015 - 61 comments

There’s still a few MPs “on duty”. Their function is to maintain the semblance of active government and to roll out a bunch of announcements they hope will escape full scrutiny.

The great future tide of homelessness

Written By: - Date published: 8:30 am, December 3rd, 2015 - 156 comments

The Salvation Army, and not the Government, has pointed out some very worrying trends relating to home ownership in New Zealand.

How many prospective state house tenants hate birds chirping?

Written By: - Date published: 8:19 am, November 26th, 2015 - 46 comments

The answer is at least one.

Housing NZ refers homeless to CAB for emergency housing

Written By: - Date published: 1:30 pm, November 24th, 2015 - 28 comments

If this was not so tragic it would be absurd.  Radio New Zealand has reported this morning that CABs are receiving referrals from Housing New Zealand of people requiring emergency housing.

Hikoi for Homes.

Written By: - Date published: 9:45 am, November 20th, 2015 - 12 comments

Saturday in Auckland, Wellington and Christchurch.

Homeless children

Written By: - Date published: 12:55 pm, November 18th, 2015 - 75 comments

RNZ covered a Salvation Army report on housing this morning. These figures are a national disgrace.

Paula Bennett and the social housing crisis

Written By: - Date published: 7:00 am, October 23rd, 2015 - 64 comments

Paula Bennett has uncovered the most significant risk that New Zealand faces.  Or has she?

Pressure mounts to force Auckland to open up land

Written By: - Date published: 1:57 pm, October 22nd, 2015 - 45 comments

Serious Fraud Office, Productivity Commission, Council failings, under-supply of houses, Developer Greed… a recipe for disaster

Lucky Labour – disgraceful Speaker

Written By: - Date published: 7:01 am, October 16th, 2015 - 37 comments

Three of the four member’s bills drawn yesterday were sponsored by Labour leaders. What followed was one of the most disgusting maneuvers ever pulled by this government, justifying the headline – Nats play politics while Kiwi kids die in homes.

Labour to defy TPP on property ownership?

Written By: - Date published: 9:46 am, October 7th, 2015 - 165 comments

If this report is accurate it opens an interesting can of worms!

Housing Corp’s privatisation by stealth

Written By: - Date published: 7:47 am, September 22nd, 2015 - 15 comments

One News has discovered that over the past five years Housing Corporation has divested itself of 2,472 houses at the same time that the need for social housing has escalated.

The strip mining of Housing Corporation

Written By: - Date published: 7:53 am, September 9th, 2015 - 82 comments

At a time where the need for social housing has possibly never been greater the Housing Corporation is to pay the Government a dividend of $118 million, the third largest in the Corporation’s history.

Tom Scott on housing

Written By: - Date published: 11:48 am, August 28th, 2015 - 20 comments

Scott-on-housing

In face of share market meltdown, Govt’s options limited

Written By: - Date published: 7:15 am, August 26th, 2015 - 55 comments

John Key says New Zealand has options in the face of a share market meltdown and is not like Greece (well that’s a relief). Simon Louisson asks how real are John Key’s options? Thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.

Housing selloff – obsessive secrecy and power

Written By: - Date published: 8:35 am, August 19th, 2015 - 21 comments

National’s selloff of our state houses is yet another example of its two main obsessions, secrecy and unaccountable power.

Look at the future of families

Written By: - Date published: 7:48 am, August 14th, 2015 - 51 comments

In South Korea the colliding intersection between economics, tradition and demographics is probably at its most extreme. However the same kinds of effects are being seen all over the developed world, and increasingly in parts of the underdeveloped world – and here.

Paula Bennett feeds raw meat to the base about Social Housing waiting lists

Written By: - Date published: 8:00 am, July 26th, 2015 - 65 comments

Paula Bennett wants us to believe that people on Housing Corporation’s waiting lists are choosy.

So much for the competitive market

Written By: - Date published: 7:02 am, July 23rd, 2015 - 18 comments

I love how right-wing ideology is just some thing that can be switched on and off at will. Case in point, ownership of state houses…

The great state house sell off – small groups need not apply

Written By: - Date published: 12:19 pm, July 21st, 2015 - 10 comments

Treasure has indicated that the sell off of State housing should occur in minimum lots of a hundred houses.  Only large wealthy organisations need apply and claims that the sale was about the building of capacity amongst local social service providers cannot be reconciled with this.

NRT: Facilitating tax cheats

Written By: - Date published: 4:25 pm, July 20th, 2015 - 15 comments

I/S at No Right Turn on a reported rush in demand ahead of new rules for real estate transactions aimed at cracking down on tax cheats and speculators.

National doesn’t know what it’s doing on foreign buyers

Written By: - Date published: 11:41 am, July 20th, 2015 - 158 comments

National on a foreign buyers register: Smith says no, English says yes, Collins says maybe, Key says – bad Labour!

Auckland house prices – the good ol’ days ’05

Written By: - Date published: 7:14 am, July 17th, 2015 - 58 comments

Home ownership rates have been crashing since the 1990’s. Auckland house prices have been classed as “seriously unaffordable” since 2006 or earlier. The answer is to make sure that houses are no longer considered a financial asset for capital gains.

National’s leadership on home ownership

Written By: - Date published: 8:49 am, July 16th, 2015 - 55 comments

No need to worry about low levels of home ownership, National is here to lead. They understand the fundamental issues, and they have a plan…

Parnell Ponzi; When are National going to Act on Housing?

Written By: - Date published: 9:22 am, July 15th, 2015 - 176 comments

National need to act now to end the housing crisis. The market has failed and doing nothing is going to blight the future of Kiwis. The answer is easy. End speculation, build houses. But do National have the guts to do the right thing?

Phil Quin resigns from Labour

Written By: - Date published: 12:37 pm, July 14th, 2015 - 390 comments

Phil Quin: “I cannot, however, belong to an organisation that considers racial profiling fair sport. It really is that simple. I will rejoin once this or any future leader publicly repudiates such tactics.”

NRT: This is wrong

Written By: - Date published: 1:44 pm, July 13th, 2015 - 49 comments

“Auckland’s median house price rising a record 26 per cent to $755,000 over the past year..”. This is what a bubble looks like: when your house “earns” a top-end salary just by existing. And its a perfect example of why we need a capital gains tax.

China Crisis

Written By: - Date published: 12:43 pm, July 12th, 2015 - 199 comments

Good on Labour for saying what needed to be said. Can they, the Greens and NZ First save the next generation of Kiwis from being tenants in our own land?

Includes Bonus Seinfeld reference!