Housing

Caution needed on value capture

As tempting it may appear to tap into land value uplifts, we need to be cautious. The model can work – but we need to apply it only in the cases where it can work. [...]

Challenges stack up for super minister

There is no more challenging task than making New Zealand’s cities thrive in the global era of urbanisation. Quite appropriately, we now have a superminister to deal with it. [...]

The power of ideas

"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.” [...]

The wrong type of home ownership

We should not regard the homeownership rate as the most important measure of a functioning housing market. Just because the ownership rate is falling does not tell us much on its own. Neither is a high ownership rate necessarily a positive. [...]

New housing strategy needed

Unaffordable housing does not have to be the price we have to pay for living in a globally connected city. And telling people on average incomes to just put up with it is the modern equivalent of Marie Antoinette's 'Let them eat cake'. [...]