Good morning, and welcome to The Bulletin. In today’s edition: Figures of foreign buyers shows a big decrease, principals unimpressed by government teacher recruitment fund, and CRL funding issues debated at Council. The statistics on foreign house buyers since the ban came into effect have shown a dramatic decline in sales to those overseas. It has pretty … Read more
Good morning, and welcome to The Bulletin. In today’s edition: No resolution to teacher pay dispute despite strike, Fonterra gets a new boss for now, and some interesting bits from the NBR Rich List. Tens of thousands of teachers went on strike yesterday, and it doesn’t appear to be the end of the matter. Rallies were … Read more
The government says new data suggesting foreign buyers have a much larger role in the housing market than previously thought is “a vindication” of its foreign buyer ban. But that doesn’t mean the ban makes any sense, writes Guyon Espiner for RNZ. It’s a great bumper sticker. Ban foreign buyers! It’s simple, it resonates and … Read more
On Tuesday, economist Eric Crampton argued that legislation to prohibit foreign property buyers will do nothing to alleviate the housing crisis. Today, he lays out all the other reasons why the ban makes no sense. Yesterday, I wrote about how New Zealand wound up with a ban on foreign homebuyers. I said the policy was … Read more
There is not a shred of evidence the prohibition on foreign property buyers will alleviate the housing crisis. It is populist, fear-based policy making, argues economist Eric Crampton. One of the things that think tank chief economists get to do is have a yarn with travelling delegations from international organisations checking in on how things … Read more