Average home prices in New Zealand reaches 8.8 times average household income

Re:Average home prices in New Zealand reaches 8.8 times aver... by PickledHotdog on Friday May 06, 2022 @12:05PM (#31286784)

Unfortunately it's been the policy of successive Australian governments to put "real estate investment" into the engine room of the economy. They didn't do it 15 years ago vecahse they didn't want to. It's going to be an absolute ball-breaker trying to unwind the whole thing, too.

If you limit it to 3 houses per person you'll get people buying houses for their three year olds (which already happens). It's an improvement, for sure, but it'll be rorted.

What we really need is 1960s Chinese Land Reforms

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Re:Average home prices in New Zealand reaches 8.8 times aver... by Gustomaximus on Wednesday May 11, 2022 @09:35AM (#31339731)

> If you limit it to 3 houses per person you'll get people buying houses for their three year olds

That's easy enough to rule against, much like they do with income shifting to children.

> What we really need is 1960s Chinese Land Reforms

Not really into violence. Also where has it landed them 60 years later? The best is sensible structural rules for the long term.

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