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 Originally Posted by iceman
As we all know it is clear that house price inflation cooled down significantly in the last few months of the National Government, particularly in Auckland. The new Labour/NZF Government has slowing house price inflation as one of its core policies. Should be easy as prices are already flatlining in Auckland.
But history is not on Labour's side as house prices have nearly always risen much faster under Labour Governments than National, including the last two. House price inflation under Helen Clark was almost double that under the Key/English administration. But that is a fact conveniently forgotten by some https://www.stuff.co.nz/business/pro...ion-data-shows
This will be interesting to watch, as all the other things they've promised !
"Economist Shamubeel Eaqub agreed it would be incorrect to tie the fortunes of the housing market to the political leanings of the government."
"Government policy on housing has not changed markedly since the 1980s. The bigger drivers of house prices have been liberalisation of finance, falling cost of borrowing, and slow supply of housing. Correlation with government terms is spurious - conflating correlation with causation."
Read the headline and not the article?
westerly
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Originally Posted by westerly
"Economist Shamubeel Eaqub agreed it would be incorrect to tie the fortunes of the housing market to the political leanings of the government."
"Government policy on housing has not changed markedly since the 1980s. The bigger drivers of house prices have been liberalisation of finance, falling cost of borrowing, and slow supply of housing. Correlation with government terms is spurious - conflating correlation with causation."
Read the headline and not the article?
westerly
Why would you quote one person only and one that was on Labour's payroll before the elections if I remember correctly ? Not much credibility there westerly.
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Originally Posted by westerly
"Economist Shamubeel Eaqub agreed it would be incorrect to tie the fortunes of the housing market to the political leanings of the government."
"Government policy on housing has not changed markedly since the 1980s. The bigger drivers of house prices have been liberalisation of finance, falling cost of borrowing, and slow supply of housing. Correlation with government terms is spurious - conflating correlation with causation."
Read the headline and not the article?
westerly
Yes when all the foreign banks came in with endless amounts to loan it all sea changed. The post office was where you saved money; with the arrival of the aussie banks and the tap fully open with foreign money its where everyone spent their money and mortgaged up on everything and maxed out on their credit cards.
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Originally Posted by Joshuatree
Yes when all the foreign banks came in with endless amounts to loan it all sea changed. The post office was where you saved money; with the arrival of the aussie banks and the tap fully open with foreign money its where everyone spent their money and mortgaged up on everything and maxed out on their credit cards.
Yes, those *!*!* Aussie banks! Mind you, ANZ had been here since the 1840's (Bank of Australasia and Union Bank of Australia) and Westpac too (Bank of New South Wales and Commercial Bank of Australia). The Brits were in on it too with the Lloyds Bank's National Bank of NZ. They made us take out those loans!!!
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Originally Posted by Joshuatree
Yes when all the foreign banks came in with endless amounts to loan it all sea changed. The post office was where you saved money; with the arrival of the aussie banks and the tap fully open with foreign money its where everyone spent their money and mortgaged up on everything and maxed out on their credit cards.
I thought it was Mrs Watanabe, that fearful Japanese housewife!
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Anyway, Labour coalition and we see petrol prices (2 this week) at their highest levels in 2 years. Thats going to make those in poverty poorer!
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Originally Posted by macduffy
Yes, those *!*!* Aussie banks! Mind you, ANZ had been here since the 1840's (Bank of Australasia and Union Bank of Australia) and Westpac too (Bank of New South Wales and Commercial Bank of Australia). The Brits were in on it too with the Lloyds Bank's National Bank of NZ. They made us take out those loans!!!
Deregulation
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Originally Posted by iceman
Why would you quote one person only and one that was on Labour's payroll before the elections if I remember correctly ? Not much credibility there westerly.
"Leading Economist Wants TOP in Parliament
One of New Zealand’s leading economists says he wants The Opportunities Party in Parliament after the election.
Shamubeel Eaqub has posted on twitter that he doesn’t endorse any party,
But I love your policy based approach. I hope you get past 5%. We need ideas in Parliament not just realpolitik.”."
Don,t think he is Labour's man
westerly
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This from the Herald today:
" In 2013, National announced that student loan defaulters could be arrested at the border in an attempt to crack down on $430 million of debt.
Hipkins said that's not the message he wants to send: "At the moment it's a huge disincentive for New Zealanders to come home."
He said the Government is looking into how they can help borrowers living overseas "get square again". This new Minister is nuts and way out of his depth.
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If they do then they will be holding a Knife to Labour throat - and Winston is likely to jar their elbow.
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