How to reduce Auckland house prices

Arthur Grimes, the former chair of the Reserve Bank board, caused a stir with his proposal to crash Auckland house prices by 40% by building lots more housing: My call for policies to drive a house price collapse is driven by my personal value judgement that it’s great for young families and families on lower incomes, to be able to afford to buy a house if they wish to do so.…
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Briefing papers 2: “Understanding housing affordability”

AUT’s Briefing Papers initiative has kindly allowed us to syndicate their recent series on housing. The second briefing paper is written by Motu Institute economist Arthur Grimes:Housing affordability is a multi-faceted, complex issue. Concentration on just one aspect of the issue – be it housing supply, land supply, interest rates, construction costs or migration – will miss important aspects of why house prices vary in different locations at different times.…
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The urban planning conundrum

Since I moved to Auckland, I’ve been trying to make sense of local trends in house prices. Why have they risen over the last decade? Will they keep going up, or crash back down to earth? What’s driving all this? Over the last few years, a lot of the focus has been put on the role of planning regulations in pushing up prices.…
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