Links 13 February 2018

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  1. NZ Herald editorial: Housing crisis report hardly a revelation – NZ Herald

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11992960

    Housing Minister Phil Twyford needs to move out of Opposition mode and start making inroads to the problem he has long called a “crisis”. He used the term again yesterday when publishing the report he commissioned soon after taking up the housing portfolio. … read more via hyperlink above …
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    The case to throw off the fiscal straitjacket … Bernard Hickey … Newsroom

    https://www.newsroom.co.nz/2018/02/12/88442/the-case-to-throw-off-the-fiscal-straitjacket

    The authors of the Government’s own housing stocktake argue it lacks the ambition to truly solve a multi-generational crisis because of a self-imposed debt limit. Bernard Hickey reports. … read more via hyperlink above …
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    Note PM Ardern / Housing Minister Twyford section … http://www.PerformanceUrbanPlanning.org

    • There is a danger in over-examining issues such as the housing market, rather than just rolling up sleeves and taking action … David Hargreaves … Interest Co NZ

      https://www.interest.co.nz/opinion/92061/there-danger-over-examining-issues-such-housing-market-rather-just-rolling-sleeves-and

      By David Hargreaves

      In reading the housing stocktake commissioned by the new Government I was reminded again and again of a very funny skit from an ages-old, largely forgotten, TV programme called The Frost Report. …

      … concluding …

      … But with or without reports being compiled and more and more information gathered, I think we could all agree that building more houses is good, having a check on immigration is good, trying to do something to make it more affordable to build houses is good, and doing something to improve the lot of renters is good.

      The big danger is that simply gathering loads of information like this is just a substitute for the Great New Zealand Form A Committee strategy. Talking is easier than doing. There’s no doubt about that.

      Twyford’s been talking big for a few years now. Well, this is his chance.

      Solutions please. No more reports. Get on with it.

    • “The authors of the Government’s own housing stocktake argue it lacks the ambition to truly solve a multi-generational crisis because of a self-imposed debt limit. ”

      Dear God!!!! How the hell do these people, who do not have even the most basic grasp of Macroeconomics, get these super-highly paid jobs????
      Mr stupid bloody Eaquub – NZ is already running a severe and chronic Current Account Deficit. If you runa bigger government fiscal deficit it will flow, almost in toto, into increasing the CAD. That means more foreign borrowing AND more sales of every damned thing of any value to foreigners. The alternative is to run the fiscal deficit and radically raise interest rates while clamping the capital account.
      Strewth! Is there NOBODY any damned where thinking about this stuff??????????

      • P.S. This thing is NOT a housing crisis. It is NOT some sort of inter-generational crisis. It’s a full blown social/educational/economic crisis. We can’t just turn on some tap, solve the housing crisis, and all the problems go away. They’re all connected.

    • Cant open the link: But to restate news from yesterday,
      Advice to owners of large businesses is that between 8 to 15 %, say 12%, of the jobs that are currently held will be gone in the next 10 years.
      Probably the most successful business man on the planet has this creed
      Every day is Day One at Amazon (every day 1 has 24 hours which must be successful) cos
      “Day 2 is stasis.
      Followed by irrelevance.
      Followed by excruciating, painful decline.
      Followed by death.”

      Everyone is worried about immigration, global warming, SSM, Barnaby, level of debt, interest rates, but in 10 years time 12% of the workforce will be on the footpath as Woodie Guthrie wrote (typical)

      http://www.protestsonglyrics.net/Great-Depression-Songs.phtml

      • Song: Raisin’ The Rent
        Lyrics: Ted Koehler (3)

        Music: Harold Arlen (born Hyman Arluck) (4)
        Year: circa 1933
        Genre: Jazz
        Country: USA

        I’m buried in worry,
        Surrounded by woe;
        No end to my trouble I can see.
        Depression has got me,
        Won’t let me go,
        It’s trying to double up on me.

        Good luck has crossed me,
        Bad luck has forced me,
        Down to my one last cent.
        I’m right in the middle,
        Of solving the riddle,
        Known as raising the rent.

        Steal, beg or borrow,
        I’ve got ’til tomorrow,
        Landlord’s a mean old gent.
        It’s come to a showdown,
        And he wants the low down,
        If I’m raising the rent.

        Better time’s are taking too long,
        Panic’s on it’s hitting me too strong.
        Gotta a right to sing a blue song,
        Trouble has got me down.
        This song was originally posted on protestsonglyrics.net
        I’ve made my mind up,
        I’d rather wind up,
        Camping out in a tent.
        Than being in the middle,
        Of solving the riddle,
        Known as raising the rent.

        Panic’s on it’s hitting me too strong.
        Trouble has got me down; Way down.
        This song was originally posted on protestsonglyrics.net
        I’ve made my mind up,
        That I’d rather wind up,
        Camping out in a tent.
        Than being in the middle,
        Of solving the riddle,
        Known as raising the rent.
        ————————————————————

        Songs these days have got nothing on this heavy stuff… Thanks WW

    • About 25 years odd ago, in Korea, I went to a Lecture by a Korean Professor of Anthropology. It was about the time Korea started investing heavily in China and many enterprises were moving there. He made the point that China was, indeed, four very different races. His opinion was that the whole blustering that was going on at Taiwan at the time was, not so much directed at Taiwan, so much as shouting a warning to all the others “Don’t even think about it”
      Just as an aside the native Taiwanese are really a Pacific origin. – Austronesians. They intensely dislike the Chinese governments no matter what colour they are!!!

      • Them Taiwanese people need a neoliberal infusion of Australian politicians – and that will get them dead (!) set on the road to vibrancy and beautiful multiculturalism…