The great Auckland housing crash of 2017
Two indicators both agree that the Auckland property market has started trending downwards. Over leveraged buyers are going to get burned, and first time buyers are still shut out. Perfect.
house prices
Targeting deceased estates, divorcees and dummies
Good work by Lane Nichols in The Herald, a window into the minds of what we must hope is small subset of “property investors”.
Government puts 15% tax on foreign house buyers
No, not our government. Though as the average NZ house price just hit $600,000, and Auckland just short of $1m, they really should.
Metiria speaks the unspeakable – house prices should fall
Not often you’ll catch Metiria Turei and Don Brash in agreement!
English welcomes Reserve Bank doing his job for him
Why is it left to the Reserve Bank to try and tackle the property bubble? It’s true – this government is recklessly complacent.
Boots Theory: Numbers are meaningless when families are living in cars
There’s something obscene about the way the economic story gets framed: the figures on a page, the points on an index, the number of dollars someone can swap for a number of different-coloured dollars, when people are suffering.
House Price Inflation
Land prices rising much faster than wages. Shares, derivatives, hedge funds or other financial instruments are designed so that banks can gamble with our money. Win or lose they always get a cut. Loss comes out of our pensions and other savings. Or, if they really stuff it up, taxpayers are expected to borrow more from them to pay for it. Banks following their own self interest and are compounding economies to oblivion. The “invisible hand” has failed..
House prices pop.
First they go up, and then they come down. The Economist has an interesting table on the housing bubble. Those figures from the […]