The new Government wants New Zealand to become a world leader in targeting 'wellbeing' with its Budgets, starting in 2019. Thomas Coughlan explains what that might mean.
So it turns out voters themselves are more likely than politicians to pass the Arthur Grimes test for falling housing prices.
For the convenience of subscribers, here's my weekend column in which I challenge the knee-jerk idea that a big fall in Auckland house prices would automatically kill the economy and destroy the banks.
For the convenience of subscribers, here's my weekend column in which I say politicians of all colours failed the Arthur Grimes test this week because they favoured the short term interests of speculators and developers over the longer term interests of families living in their own homes.
John Key again came under sustained attack in Parliament yesterday over his differing views on the Auckland housing market over time, and the Government's differing approaches since its election in 2008.
Arthur Grimes' idea of building 150,000 houses in Auckland in six years to push prices down 40% was dismissed by property investors and the Prime Minister alike yesterday.
Good morning all.
They should be known as the lucky generation. The slump in inflation and interest rates over the last 30 years created a half a trillion dollar windfall for a generation of property owners that cannot be repeated. A land tax would help give the new landless generations a leg up.