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“Demography is destiny”, as French sociologist Auguste Comte once put it. Few developments shape our society more than the composition, the age and size of our population. Read more
Urban land use planning systems that load councils with the costs of urban growth while letting councils decide whether new housing can be built are a recipe for failure. This underpins a decade of low build rates, a substantial housing shortage, and skyrocketing house prices. Read more
When the only tool you have is a hammer, every problem looks like a nail. That is what it must be like for the government in the housing crisis. Read more
The Government announced that the Resource Management act is going to be scrapped and replaced with three new laws. Bryce Wilkinson talks to Jesse Mulligan on Radio NZ about why the RMA was no longer fit for purpose and how the new laws can address the issues that are left in its wake. Read more
Everyone knows that the status quo with respect to housing is “unsustainable”. The Prime Minister now seems to recognise the need for fundamental change and the opposition has recently offered to work with the government to find non-partisan solutions. Read more
New Zealand’s housing is a national catastrophe. House prices have gone up by 37% nationally since 2015, according to ANZ. Read more
If land use and housing regulations prevent metropolitan areas from growing up or out as demand for housing increases, there is only one avenue of adjustment left. Prices increase. Read more
Imagine an optimistic and hard-working young couple hoping to raise a family in their own house. Thousands of them are flicking through property listings each weekend. Read more
In this Quick Take podcast, Oliver Hartwich unpacks his op-ed for the Australian Financial Review in which he argued that politicians on both sides of the Tasman aren’t thinking clearly about their respective housing crises. Oliver's article in the Australian Financial Review can be read here. Read more
One of the shortest jokes about economics goes like this: Teach a parrot to say supply and demand, and you have created an economist. But there is an even better joke: Teach a parrot to say demand and demand, and you have created a politician. Read more