So what happened to “go hard, go early”? Does anyone expect house prices (which have risen more than $100,000 since early 2020) to start falling?
The Ardern government’s housing package aroused curiously mixed reactions, hardly any of them providing a glimmer of light to would-be first-home buyers that house prices will be falling any time soon.
From one side, the warning came that rent controls could not be far behind. From the other, “market forces” and the evils of neo-liberalism had at last been corralled.
Over on the Left, Chris Trotter sees a housing crisis ripping apart the country’s weakest and most vulnerable communities.
“While the detail of the Labour government’s housing package has been sufficient to unleash the very worst impulses of NZ’s landlord class – whose screams of rage and wild threats of social vengeance have pretty much confirmed the rest of NZ society’s worst fears concerning‘property investors’ – it is the rank insubordination of the nation’s elected leaders which most rankles neo-liberalism’s true believers”. Continue reading “Critiques of Govt’s contentious housing package raise questions about whose advice was sought”