Posts Tagged ‘housing affordability’

Lies, damn lies, and National’s housing affordability statistics

Written By: - Date published: 9:19 am, June 19th, 2017 - 39 comments

RNZ: The Ministry for Business, Innovation and Employment ignored advice from the Reserve Bank over its new housing affordability measure, and made houses appear to be more affordable than they actually were.

There is no housing problem!

Written By: - Date published: 10:25 am, May 11th, 2017 - 19 comments

But only in Nick Smith’s head. See the finally released government Housing Affordability Measure (HAM).

Housing affordability data suppressed?

Written By: - Date published: 7:02 am, April 22nd, 2017 - 83 comments

Bill English would have you believe that there is no housing crisis. He desperately needs you to believe it until after the next election. Is Nick Smith deliberately suppressing housing data?

The cusp of something “special” in Auckland

Written By: - Date published: 12:47 pm, December 13th, 2016 - 29 comments

Could be that the Auckland property market is turning downwards.

Dire warnings of the bleeding obvious

Written By: - Date published: 7:57 am, December 1st, 2016 - 14 comments

Warnings from the government and the Reserve Bank that first home buyers are taking on too much debt. Prices are too high, wages are too low, interest rates are rising. These warnings are effectively telling the average first home buyer to give up.

Housing “affordability” blowout

Written By: - Date published: 11:31 am, November 29th, 2016 - 9 comments

Andrew Little was on RNZ this morning talking housing affordability. “The amount people are having to borrow for their first home has increased 43 percent in the last two years.”

Land banking – National gives up on housing crisis

Written By: - Date published: 7:02 am, August 29th, 2016 - 29 comments

As the average Auckland house price hits $1 Million, the Special Housing Areas fail, and Real Estate agents openly promote land banking, what does National do? Why, they give up, of course.

Unitary Plan – affordability requirements removed

Written By: - Date published: 10:12 am, July 28th, 2016 - 63 comments

What are the Nats doing removing a proposed requirement for affordable housing – exactly the housing that Auckland desperately needs!?

If you need a good laugh this morning

Written By: - Date published: 10:30 am, April 29th, 2016 - 71 comments

“Nick Smith reckons Akld housing’s more affordable now than before National came to power”

NZ first in the world!

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

housing-afforability

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.

An Open Letter to the Real Estate Whistleblower

Written By: - Date published: 10:00 am, July 16th, 2015 - 375 comments

We don’t know who the real estate whistleblower is, but we do know they have done New Zealand a significant service. Courage takes many forms, but risking your career to alert your country to a hidden crisis should be recognised for the bravery it is. Thank you, you’ve done us proud.

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?

Twyford Responds

Written By: - Date published: 12:00 pm, July 13th, 2015 - 324 comments

Labour’s Housing Spokesperson Phil Twyford responds to accusations of racism and points to the way forward. The Labour Party will limit foreign speculation, build affordable houses and replenish the State Housing stock.

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!

If you thought the Auckland property bubble was bad now…

Written By: - Date published: 7:27 am, June 24th, 2015 - 81 comments

… then prepare for it to get a lot worse.

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.

Mortgagee sales

Written By: - Date published: 10:14 am, May 25th, 2015 - 21 comments

A marked drop in mortgagee sales recently. Good news?

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!

The housing dream

Written By: - Date published: 2:06 pm, October 14th, 2014 - 23 comments

The “Kiwi dream” is over – the housing crisis just gets worse and worse.

Nat housing policy panned

Written By: - Date published: 7:07 am, August 13th, 2013 - 31 comments

Labour and The Greens are clearly setting the agenda with a strong focus on housing affordability. National are struggling to catch up. But their new policy has been met with a chorus of criticism. They are going to have to do a lot better than this.

National’s “housing policy” is to reverse its previous cuts

Written By: - Date published: 4:25 pm, August 12th, 2013 - 18 comments

not-welcome

Reaction to housing policy

Written By: - Date published: 8:17 am, July 31st, 2013 - 133 comments

Labour will be pleased at the reaction to its Latest housing policy, from Vernon Small, John Armstrong and (knock me down with a feather) Colin Espiner. Opinion polling is also in favour.

Speculation

Written By: - Date published: 8:32 pm, July 30th, 2013 - 142 comments

I know many of the liberal left don’t like or can’t accept the thought that banning non-residents from speculating on residential property in NZ is in any way xenophobic. Thankfully, from my perspective at least, the liberal left doesn’t speak for the whole of the left. Thing is, this banning of foreign investment is similar […]

Labour’s new housing policy – Shearer on Q+A

Written By: - Date published: 9:27 am, July 28th, 2013 - 702 comments

David Shearer on Q+A just set out new policy on housing, proposing restrictions on overseas buyers. It’s another big policy move from Labour…

A tale of two housing policies

Written By: - Date published: 9:42 am, July 17th, 2013 - 47 comments

Houses are seriously unaffordable, especially for first-time buyers. Labour’s policy settings will help first-time buyers, the Reserve Bank under the current government is proposing tougher requirements that will make matters worse for them. Parties of the Left need to take this issue and run hard!

Mana housing policy needs work

Written By: - Date published: 1:27 pm, June 21st, 2013 - 27 comments

Mana’s housing policy is ambitious, and leaves National’s inaction looking increasingly isolated and out of touch. But there are too many gaps in this policy as currently stated. Needs work.

Where is National on house prices?

Written By: - Date published: 10:04 am, January 16th, 2013 - 41 comments

With a 10% increase in the median house price last year, we’re firmly back on a damaging house price binge. Labour has policies that address the issue. Where is National?

Kiwi dream RIP

Written By: - Date published: 1:36 pm, February 7th, 2011 - 33 comments

Owning your own home was the foundation of the “Kiwi dream”.  Now it seems that we’ve let that dream slip further out of reach than almost anywhere in the world.  Houses in Auckland are less affordable than in New York.  Demand in the rental market is far outstripping supply.  What should the government be doing?

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