Posts by Katharine Moody
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Polity: House-buying patterns in Auckland, in reply to Stephen Judd,
But the outlier (statistically, price-wise) is Auckland - so James Cameron, had he purchased residential RE in Auckland during the sample period, would indeed have been counted. The analogy used doesn't make sense to me - James Cameron's Wairarapa farm purchases seem completely irrelevant.
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Auckland median house price rose by $3,000 a week last year;
Rest of New Zealand flat/unaffected.
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Polity: House-buying patterns in Auckland, in reply to Idiot Savant,
Labour and the Greens have changed government housing policy this way
What Members Bill on housing policy are you referring to?
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Polity: House-buying patterns in Auckland, in reply to Idiot Savant,
Put up a member’s bill on it. Its worked very well for them in the past.
Aside from the marriage equality bill, I can't think of another Member's Bill that was passed into law recently. Can you?
That process requires the Bill to be successful in the ballot and even then, referral to a SC has to secure a majority in Parliament to progress it. My perspective is that the issue is so pressing that I don't think we have the time - action is needed now to curb foreign speculation in our residential housing market. National must be pressured by public opinion to do the right thing.
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Polity: House-buying patterns in Auckland, in reply to nzlemming,
nzlemming - you need to be the Government to do either of those two things!
What could the parties in opposition do - right now - to find the numbers?
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Polity: House-buying patterns in Auckland, in reply to nzlemming,
I think your wrong on that. I think the Government will be forced to collect data. The opposition in Parliament is driving the agenda these days. Look at zero-hour contracts. Under pressure from opposition parties and the union movement - Woodhouse first said he'd outlaw zero hours. Sure, now they are wiggling around on that commitment - but even the Chamber of Commerce guy on telly this morning criticized them for that (and for their stance on work safety amendments). The tide is turning - thanks to the opposition finally becoming more effective.
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Polity: House-buying patterns in Auckland, in reply to nzlemming,
Which is why Labour shouldn’t have gone ahead in the manner they have.
But to do nothing in the face of the Government's refusal to collect proper data .. is that what you see as a more appropriate response to the Auckland affordability crisis?
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Polity: House-buying patterns in Auckland, in reply to BenWilson,
It is, after all, a pool of money that completely dwarfs our entire economy.
Chinese floodgates will open further – fuelling perhaps as much as US$10.9 billion of new investment into New Zealand real estate – according to the Juwai.com estimate, as Beijing eases restrictions on privately held capital.
http://www.nzherald.co.nz/fran-osullivan/news/article.cfm?a_id=13&objectid=11469985
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Polity: House-buying patterns in Auckland, in reply to Marc C,
Exactly. Well said.
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Polity: House-buying patterns in Auckland, in reply to Jim Cathcart,
Yes, Jim, I did read your posts and could see you were trying as well to move discussion toward the economics of it all. I agree with you - NZ needs to source offshore capital. What it doesn't need however is direct investment of that offshore capital in our residential existing homes RE market. Wonderful if that capital is invested in job creating opportunities though.