WMBAD: The Auckland Housing Bubble

14 comments on “WMBAD: The Auckland Housing Bubble”

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1. 1

   best political commentator in the country
2. 2

   The numbers argument against Twyford as stated here is specious – if 125000 people of one ethnicity were buying four times as much property per capita as all others that is still anomalous. There’s a reasonably large effect size, exploring what and why is perfectly proper.
   1. 2.1

      just as specious as Twyford’s, the crucial difference being one is a political and one is a comedian
      1. 2.1.1

         No, he’s quoting one of the off the cuff responses.
3. 3

   I hope TRP watches this, if so, do you still think “More than 4000 sales in a 3 month period, scientifically analysed. You may not like the results, Bob, but the maths stands up” http://thestandard.org.nz/parnell-ponzi-when-are-national-going-to-act-on-housing/#comment-1044382, or do you now realise that it was all just a racist dog-whistle based on anecdotal evidence?
   1. 3.1

      Watched it, liked it, and the maths still stands up, Bob.
   2. 3.2

      *sigh* Bob gets confused by satire into considering it to be maths.
      1. 3.2.1

         Must have thought it was some kind of tutorial. C-
         1. 3.2.1.1

            Funny as it was do you agree that the issue isn’t just Chinese money coming in but all speculative property investment?

            I mean I know it is a much harder political pill to swallow that all property should be properly taxed but really wouldn’t it be more honest and address the issue far better?
4. 4

   Chinese already buy almost a quarter of new homes in Sydney and their outlay will more than double to $60 billion in the six years to 2020, according to Credit Suisse Group.

   Read more.

   http://www.smh.com.au/business/the-economy/chinese-demand-for-a-home-in-australia-as-strong-as-ever-20150624-ghx2tq

   Why would it be any different in Auckland?
5. 5

   Now that was funny.

   No wonder the right wing in this country are so bitter – it’s so damn easy to laugh at them.
6. 6

   This satire is probably a better analysis than we get from MSM most days. Its so bad it is funny.
   Housing bubble? What housing bubble? Seen the keys to the Merc….
7. 7

   So how far away from doomsday when the bubble bursts a sweepstake anyone.
   For people to make money they have sell before the bubble bursts.
   Then all hell will break loose .
8. 8

   Latest Key movie to go with his Rockstar economy
   Yes its that old favorite updated
   You guessed it “Death and Taxes/ Bubble Bubble toil and trouble”
   The masses die and the rich pay less tax than ever before so that the 1% ers dont have to put up with more people claiming a seat on the good ship “Safety Im Rich” as the world’s self destructing
   This was John’s real deal with Warners the fore runner to the TPPA

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