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Key in door housing

Change councils' incentives too

Housing Minister Phil Twyford’s address to Infrastructure New Zealand’s Building Nations Symposium last week made it very clear that the current governing coalition is very serious about fixing Auckland’s housing affordability crisis.But the conference also made a few other things clear. Solving the current mess will not be speedy. And maintaining housing affordability over the longer term requires changes to local governments’ incentives around facilitating growth.Twyford opened the conference with a strong moral case for restoring housing affordability. Read more

Dr Eric Crampton
21 August, 2018
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

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

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

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

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