Tagged: housing

LVRs and the Very Serious People - The Dismal Science

Eric Crampton Jul 23, 2015

The Very Serious People understand the political constraints under which policy operates. They often overestimate the bindingness of those constraints, but the rest of us underestimate them. Here's Tyler:I think of it this way: the People are Very Serious if they realize that common sense morality must, to a considerable extent, rule politics. At least if voters are … Read More

Floods for housing - The Dismal Science

Eric Crampton Jul 14, 2015

If Labour is right that a flood of Chinese capital is driving up Auckland house prices, this could wind up being the single biggest wasted opportunity New Zealand has had over the past... well, since I've been here.If Auckland zoning were sane, all of ... Read More

Empty houses? - The Dismal Science

Eric Crampton Apr 30, 2015

Metro Mag ran a feature on empty houses in Auckland, pointing a finger at empty houses with overseas owners as a cause of Auckland's skyrocketing housing cost. In Auckland, more than 33,000 houses were registered as unoccupied in the most recent data from 2013. A breakdown shows about a third had residents away. The remaining 22,152 properties are listed … Read More

RBNZ on Housing - The Dismal Science

Eric Crampton Apr 17, 2015

I knew that Mike Reddell's now being free to blog on monetary policy and the RBNZ was going to be good.Here's Reddell's take on the Deputy Governor's statements on housing.We should expect the Reserve Bank to provide in-depth analysis to back its claims around the housing market.  But in a 19 page speech, only five paragraphs are devoted to … Read More