Written By: - Date published: 1:21 pm, May 19th, 2017 - 60 comments
Good piece by Andrew Little where he addresses the arguments of the property speculators. “It’s common sense. Taxpayers shouldn’t be subsidising speculators and helping them outbid home buyers.”
Written By: - Date published: 7:01 am, June 13th, 2016 - 54 comments
Last year there were officially 22,000 unoccupied properties in Auckland. This year 33,000 are officially classified as empty. “Auckland’s 6.6 per cent vacancy rate is higher than either Sydney (5.2 per cent) or Melbourne (4.8 per cent), where there has been an uproar over “ghost houses” deliberately left empty by speculators trading on a soaring market”. This is madness.
Written By: - Date published: 6:29 am, June 10th, 2016 - 144 comments
Despite Key’s barnstorming 2007 speech on the housing affordability crisis, National these days prefer to deny that it exists. Apparently fed up with waiting for the government to take action, banks are moving to reduce their risk and limit foreign buyers.
Written By: - Date published: 9:06 am, May 16th, 2016 - 44 comments
Speculators keep buying houses while families live in garages and cars. This is a moral failure, a leadership failure, a market failure – it is every kind of failure.
Written By: - Date published: 7:27 am, June 24th, 2015 - 81 comments
… then prepare for it to get a lot worse.
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!
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.