Written By: - Date published: 7:02 am, July 6th, 2017 - 79 comments
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.
Written By: - Date published: 7:11 am, August 4th, 2016 - 32 comments
No, not our government. Though as the average NZ house price just hit $600,000, and Auckland just short of $1m, they really should.
Written By: - Date published: 9:10 am, July 27th, 2016 - 134 comments
Not often you’ll catch Metiria Turei and Don Brash in agreement!
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.
Written By: - Date published: 10:59 am, October 5th, 2014 - 137 comments
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.
Written By: - Date published: 10:58 am, May 6th, 2012 - 59 comments
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..
Written By: - Date published: 5:13 pm, March 25th, 2009 - 12 comments
First they go up, and then they come down. The Economist has an interesting table on the housing bubble. Those figures from the US just look outright scary. The result of the sub-prime mortgage and its consequent effects. There is also an interesting article in the Economist on the effect that increasing home ownership in […]