It's like deja vu all over again for the Auckland housing market and the conditions are now in place for another post-election surge. Bernard Hickey surveys the real estate and political landscape and finds Bill English just lit the fuse for another boom if the Government is re-elected in its current form and a rudderless Reserve Bank loses its nerve.
The ghost of John Maynard Keynes' famous quote, 'When the facts change, I change my mind. What do you do, sir?', was alive and well yesterday in both the Beehive and the Reserve Bank.
Good morning all.