housing / property

A Nation of Landlords
Buying rental property to make capital gains was only ever going to be a fleeting opportunity....
25 June 2004 - Gareth Morgan

Housing – now our Dollar is in retreat
With a lower dollar the outlook for interest rates is that they will now go higher. But leveraged property owners can still take the heat. ...
6 May 2004 - Gareth Morgan

Fear, Greed, Property and Tax
Don't encourage the Reserve Bank to curb the housing bubble by raising interest rates, attack the root cause - the tax break....
11 December 2003 - Gareth Morgan

Anatomy of Auckland's property cycle
It was always hard to see how house prices could continue to inflate by more than 10%pa when general inflation was around 2%. Household incomes have risen at best by around 3% to 4%pa in nominal terms since 1990. The outcome was a growing gap between what households could afford and what was available. Over the 1990's the Auckland property binge has been fuelled by easy access to ...
6 April 1998 - Andrew Gawith

Blind Man's Bluff
Like a herd of stuck swine, second hand house dealers have squealed with indignation at the Infometrics analysis of last week that pointed to the likelihood householders would be diluting their exposure to housing over the next twenty years. The case for that finding is pretty sound and fairly well-recognised by all but the pushers of real estate it seems. While it is common for vested ...
8 October 1992 - Gareth Morgan

No Clemency
Robin Clements’ defence of his affordability index is inadequate. My dictionary describes affordability as “the position of being able to do something without adverse consequences”. On this measure of basic English comprehension the index title is devious. If one bought a house on the back of the Clement’s index of affordability there could be little but adverse consequences. Consider the plight ...
14 July 1992 - Gareth Morgan

Why Housing’s Stuffed
Last week saw monetary policy eased followed by falls in retail rates. Rather than interpret this as sufficient stimulant to economic recovery, we would do better to recognise why monetary policy has been eased. In short, it’s because the economy’s so weak that the chances of the RB undershooting its inflation target are significant. In part this illustrates practical problems for monetary ...
30 September 1991 - Gareth Morgan