High and rising house prices in Auckland hog the headlines. Increasingly unaffordable house and land prices result from the collision of two, no doubt individually well-intentioned, sets of policies.

Michael Reddell | 0.50 CE

House and land prices should come down, in real terms. But there isn’t anything obviously irrational about house prices as they are.

Michael Reddell

Grant Spencer's interview on Radio New Zealand's Checkpoint last night answered one of my questions. It seems that Spencer, and the Reserve Bank, now favour a capital gains tax.

Michael Reddell

I had been going to write something about housing this morning, but got distracted in the WEO database. House prices, especially in Auckland, are a political and social scandal.

Michael Reddell