Tag Archives: NIMBYs

Build More Housing! San Francisco’s YIMBY Movement Has a Plan to Solve the City’s Housing Cris

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.@NZlabour wants to crash house prices! @NZGreens take on the NIMBYs! @PhilTwyford

There has been an unexpected outbreak of political courage on the left of New Zealand politics.

The Labour Party wants to crash housing prices by not only abolishing the Auckland urban limit, but ensuring councils can fund the necessary infrastructure to bring new land to the market:

Labour will remove the Auckland urban growth boundary and free up density controls. This will give Auckland more options to grow, as well as stopping land bankers profiteering and holding up development. New developments, both in Auckland and the rest of New Zealand, will be funded through innovative infrastructure bonds.

In response, the Greens want to take on the inner city NIMBYs by greatly increasing housing density and new developments in their pristine suburbs

Like Labour, we believe that people should have a choice about where they live. But a lot of people want to live close to the central city where they work or study. That means delivering more high-quality, inner city housing options, not endless sprawling new suburbs.

It’s often easier and cheaper to revitalise central suburbs than it is to build new suburbs on the city fringes. Infrastructure for new sprawling subdivisions is very expensive.

This outbreak of courage is surprising after the resolute opposition of these parties to any reform of the Resource Management Act to loosen up the land supply.

It is a breakthrough nonetheless because at least the Labour Party admits that housing affordability is about increasing land supply by removing the Auckland urban limit.

#MorganFoundation wants frontal attack on NIMBYs

Morgan Foundation wants the National party-led government to take on NIMBYs not only with more high-rises and urban intensification but congestion charges too!  There is only so much courage you can expect in one term of government. Relaxing the Auckland urban limit, which will hopefully cause housing prices to stop rising in Auckland was not enough.

No softly softly catchy monkey here. No concept of winning the battles you can win.

And the beat goes on – housing prices since 1975 @PeterDunneMP @PhilTwyford

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.

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Source: International House Price Database – Dallas Fed December 2015; nominal housing prices for each country is deflated by the personal consumption deflator for that country.

Most of the housing price rises were under the watch of a Labour Government – a party which is supposed to look out for working families.

The failure of the Labour Party to nip the problem in the bud when they had a working majority in Parliament means future solutions run into the political problem that any significant increase in supply of land may push many with recent mortgages such as in Auckland into negative equity.

Since they left office in 2008, leaving land supply regulation in a mess, the approach of Labour has been political opportunism rather than supporting RMA reform.

Labour recently admitted the need to increase the supply of land, but have not put forward practical ideas to increase the supply of land.

The National Party is not much better in terms of real solutions to regulatory constraints on the supply of land.

Generation Rent comes to Scandinavia in lockstep – real housing prices in #Finland, #Sweden & #Norway since 1975

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Source: International House Price Database – Dallas Fed

Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.

No Generation Rent in #Nihon – real housing prices in #Japan and #SouthKorea since 1975

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Source: International House Price Database – Dallas Fed

Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.

Real housing prices in Australia and New Zealand since 1975

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Source: International House Price Database – Dallas Fed

Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator

No Generation Rent in #Deutschland! Real housing prices in #Germany, #France & #Italy since 1975

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Source: International House Price Database – Dallas Fed

Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.