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> Not from NZ [...] sedate local real estate Clearly! House prices here are very high already. See e.g. https://www.newshub.co.nz/home/money/2017/03/new-zeal
by mkl 6y ago
> Not from NZ [...] sedate local real estate
Clearly! House prices here are very high already. See e.g. https://www.newshub.co.nz/home/money/2017/03/new-zealand-housing-most-unaffordable-in-the-world-the-economist.html https://www.newshub.co.nz/home/money/2017/03/new-zealand-hou..., https://www.stuff.co.nz/business/money/83750475/nz-tops-imfs-housing-unaffordability-list https://www.stuff.co.nz/business/money/83750475/nz-tops-imfs...
- Open-Sourcery 6y agoAnd I am a little hopeful (but doubtful) that might be starting to change. Massive numbers of houses have been consented to be built (especially in the last few years). But just building more probably won't be a permanent solution. https://www.stats.govt.nz/topics/housing https://www.stats.govt.nz/topics/housing https://www.hud.govt.nz/news-and-resources/statistics-and-research/housing-affordability-measure-ham/experimental-housing-affordability-index/ https://www.hud.govt.nz/news-and-resources/statistics-and-re... https://www.imf.org/external/research/housing/index.htm https://www.imf.org/external/research/housing/index.htm