Tagged: property

Red Zone: Property rights are human rights - The Dismal Science

Eric Crampton Nov 07, 2016

New Zealand’s Human Rights Commission says that property rights need to be protected in the Bill of Rights. I couldn’t agree more enthusiastically. The report is about what the government did to people in Christchurch’s Red Zone. The land around the Avon River was a mess after the quakes. The government decided that the simplest thing … Read More

Who’s been ‘buying up’ New Zealand? - The Dismal Science

Donal Curtin Sep 26, 2015

There’s a huge interest in foreign investment in New Zealand – it’s front page news when Chinese investors aren’t allowed to buy farms, or Asian investors are supposedly snapping up Auckland houses, and the piece I wrote about Statistics NZ’s data on foreign direct investment has had by far the biggest number of pageviews of anything I’ve written recently. Read More

Reader mailbag: restrictive covenants edition - The Dismal Science

Eric Crampton Sep 10, 2014

If the particular character of a neighbourhood is all that important, why don't residents protect it using covenants?A reader emails me:I don’t think it is Nimbyism if a neighbourhood wants to protect its own character. What is Nimbyism is denying others beyond your neighbourhood the same opportunity you had.It seems counter intuitive to think a place like Houston which has … Read More

Zone wars - The Dismal Science

Eric Crampton Jul 21, 2014

Auckland's battle over school zoning gives some hint as to the magnitude of the value at risk. Adrien de Croy, who lives with his family in a home zoned for EGGS and also within the proposed One Tree Hill College zone, understood there was significant pressure on the rolls at AGS and EGGS."They can't really reduce the zones unless there's … Read More

Labour on Housing, RBNZ on LVR - The Dismal Science

Eric Crampton Jul 30, 2013

There appears little plausible economic justification for Labour's proposed ban on foreigners' buying houses. Let's take Seamus's logic from yesterday one step further. Recall Seamus's simple model: Consider a very simple model of the New Zealand housing market in which there is a fixed supply of identical houses that will not change over time, and an unchanging demand. Read More