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Game show

Game show policy

Game shows are nothing new. They’re a dime a dozen. We have all seen shows like Who Wants to Be a Millionaire?, Wheel of Fortune, and The Price Is Right. These types of shows are popular because we like seeing everyday people succeed, become winners, and realise their dreams. Well, it’s either that or we’re suckers for schadenfreude. This week a new game show launched in the US, titled Paid Off. Read more

Ben Craven
Insights Newsletter
13 July, 2018
Housing money

Housing howler

Journalists have a hard job. As well as being underpaid, they are constantly copping an earful from frustrated or confused readers, trolls, and even economists. By and large they do a superb job: often on years’-long stories such as the meth testing debacle and the failings of Housing New Zealand. Like all of us, they sometimes get things wrong. The good ones correct their errors. The bad ones move to talkback radio. Read more

Insights Newsletter
6 July, 2018
Houses3

Housing reform vs populist gimmickry

It is hard to introduce populist policies without hurting the economy. That is the takeout from the Government’s decision to water down its planned restrictions on foreign property buyers. Because the new rules would have been detrimental to new residential development, we will now have a law that is tough and permissive at the same time. Unfortunately, it will also be a highly complicated piece of legislation. Read more

Dr Oliver Hartwich
Insights Newsletter
22 June, 2018
Construction1

The extraordinary MBIE-Treasury spat over KiwiBuild

The government plans to build 100,000 ‘affordable’ houses in the next 10 years. How much greater is the housing stock likely to be in 10, 15 or 20 years as a result? That is an analytical question. At its heart is the question of how many dwellings would be built anyway. The future housing stock is only larger to the extent of any difference. Macroeconomic forecasters, including the Treasury, the Reserve Bank and the New Zealand Institute of Economic Research,... Read more

Dr Bryce Wilkinson
Insights Newsletter
25 May, 2018
Housing4

Foreign advice on foreign buyers

The International Monetary Fund has concluded its 2018 visit to New Zealand, checking with a broad range of stakeholders on how things are going here. Executive Director Oliver Hartwich and I were happy to share our views with them last week. We argued that the most pressing issue facing New Zealand is housing. In addition to the obvious problems caused by housing shortages, they also fuel xenophobia. Read more

Dr Eric Crampton
Insights Newsletter
20 April, 2018
Housing1

The foreign buyer ban is an abomination. Bad in principle, worse in practice

There is not a shred of evidence the prohibition on foreign property buyers will alleviate the housing crisis. It is popu, argues economist Eric Crampton.One of the things that think tank chief economists get to do is have a yarn with travelling delegations from international organisations checking in on how things are going in New Zealand. One that we talked with this past month was puzzled about how New Zealand wound up with such an odd ban on foreign home... Read more

Dr Eric Crampton
The Spinoff
17 April, 2018
House sale

The taxing matter of outrageously high house prices

Could changes in 1989 to New Zealand’s tax treatment of retirement savings plausibly explain a significant portion of the subsequent sharp rise in New Zealand house prices?Andrew Coleman made the case that it could to a LEANZ audience in Wellington this week. He was careful not to argue that it did.He said other relevant factors were operating. These included higher per capita incomes along with lower inflation and lower real interest rates. Read more

Dr Bryce Wilkinson
Insights Newsletter
6 April, 2018

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