Utopia, you are standing in it!

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

How house prices and income have changed since 1990 by country

March 8, 2017

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The evidence abroad after earthquakes, hurricanes, flooding, tornados, and wartime bombing is that for growing cities, disasters, including carpet bombing and atomic bombs, are only temporary set-backs with few long-run economic and population consequences. A few years after a disaster, these cities even recover the industries they had before their calamities. For growing cites, the …

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The Resource Management Act was passed in 1993. Source: Elizabeth Kendall, New Zealand house prices: a historical perspective, RESERVE BANK OF NEW ZEALAND / BULLETIN, VOL. 79, NO. 1, JANUARY 2016. Note that there is considerable regional variation in housing prices in New Zealand. Source: Property Prices in New Zealand | New Zealand Real Estate …

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Today in the Guardian writing on trends in family poverty New Zealand, Eleanor Roy said that The fact that twice as many children now live below the poverty line than did in 1984 has become New Zealand’s most shameful statistic. Roy goes back to the 1980s as her base because child poverty has not gone …

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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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Just increase the supply of land. Extending the capital gains tax and banning foreigners from buying land will do no good. An average house price 10 times the average income in Auckland is not a demand-side problem. Source: Is Your Town Building Enough Housing? – Trulia’s Blog. There are plenty of examples of US cities …

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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 …

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Why White House economists worry about land-use regulations https://t.co/CrO3wt8ufO pic.twitter.com/ifvIiP0rkx — Nick Timiraos (@NickTimiraos) November 20, 2015 No expensive market builds much housing. https://t.co/Ny6OchGEbw @CEAChair pic.twitter.com/2Q0MqGqbIN — Jed Kolko (@JedKolko) November 20, 2015 Zoning constrains housing supply while demand rises – creating rents, raising housing costs & cutting affordability. pic.twitter.com/QHZ6uLNucq — Jason Furman NARA (@CEAChair44) …

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Labour yesterday announced an excellent policy on housing affordability. The reforms proposed by Labour stress increasing the supply of land and improvements to local government finances surrounding infrastructure investments for new housing: Labour will free up density and height controls to allow more medium density housing and reform the use of urban growth boundaries so …

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It is those below median household income that are suffering more from rising housing costs in New Zealand since 1982. Those on low incomes in particular have suffered the most. Source: Bryan Perry, Household Incomes in New Zealand: trends in indicators of inequality and hardship 1982 to 2014 – Ministry of Social Development, Wellington (August …

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mg src=”https://utopiayouarestandinginit.files.wordpress.com/2015/10/101715_0817_andrewlittl1.png” alt=”” /> Source and notes: International House Price Database – Dallas Fed June 2015; nominal housing prices for each country is deflated by the personal consumption deflator for that country. New Zealand housing prices were pretty stable until the passage of the Resource Management Act in 1993. After that, prices took off New …

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The Labour Party and the Greens both plan to build 100,000 affordable houses as a way of offsetting soaring housing prices in Auckland and other New Zealand cities. These plans were announced in the 2014 Election in New Zealand. A trite but insurmountable objection to the proposal to build 100,000 affordable houses is there are …

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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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#moreinclusivenz @povertymonitor Killer graphs & #infographics by NZ Children's Commissioner. Shameful content, NZ http://t.co/mG987C5kh0— Isabella Cawthorn (@fixiebelle) July 26, 2015 Nothing much has happening to child poverty before housing costs in New Zealand since the early 1980s. It is after housing costs poverty that is crucifying the children in New Zealand. Source: Bryan Perry, Household …

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