Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Greens are at it again proposing to build 100,000 affordable houses without ever explaining where the additional new land will come from. There would have to be an amendment to the proposed Auckland unitary plan to free up more land for there to be a net increase in the supply of land in Auckland. …

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New Zealand housing prices were pretty flat up for the two decades until the passage of the Resource Management Act (RMA) in 1993. They then soared well before any foreign buyers such as from China entered the market. Source: International House Price Database – Dallas Fed December 2015; nominal housing prices for each country is …

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https://twitter.com/JoshZumbrun/status/652517712070082561/photo/1 Mailer for Prop I — officially "Mission District Housing Moratorium" — does not mention the moratorium. https://t.co/u40pAvVP1F — Jed Kolko (@JedKolko) October 10, 2015 "Your neighborhood could be next." San Francisco-wide mailer in support of Prop I, the Mission housing moratorium. http://t.co/PtN38JTaUM— Jed Kolko (@JedKolko) October 10, 2015 @sival84 @MarketUrbanism @SFyimby More for thought: …

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Bugger all Aucklanders take the bus (6.5%) or train (1.8%) to work. More Wellingtonians take the train (6.4%) or the public bus (7.9%) than in Auckland but more walk or jog than take either of those two publicly funded and subsidised conveyances. Hardly anybody takes a bike to work these days. Source: 2013 Census QuickStats …

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I am not surprised only 7% of Auckland’s take public transport to work considering it takes much longer than any other form of commuting. Source: New Zealand Household Travel Survey: Travel to work, by main urban area results (3-year moving average). The average commute by public transport is 40 minutes as compared to less than …

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If the affordability crisis in New Zealand is demand side driven requiring capital gains tax to temper that demand, why is the affordability crisis so marked in one city? Does that make a case for a capital gains tax only on Auckland or suggest the capital gains tax is trying to solve the wrong problem. …

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