Yes, we need to. Isn't the main reason we didn't build houses for 40 years a lack of money? Capital gains tax (the blunt one as proposed by Cullen) is a bad idea that penailizes small business and innovation. Using the RBNZ is a much smarter, cheaper, better way. I checked out your links but they opened up to such a huge smorgasboard of information that I did not know what in particular you were refering to.
"Isn't the main reason we didn't build houses for 40 years a lack of money?" I understood it was an on-going embedded political decision post 1991, not to maintain prior levels of construction. Now it will take a lot of money to make up for it, obviously, but these were political prioritisations and posturing not an actual lack of money. Nothing proves the falsehood that 'the market will provide' better than this 40 year gamble.
Yes, we need to. Isn't the main reason we didn't build houses for 40 years a lack of money? Capital gains tax (the blunt one as proposed by Cullen) is a bad idea that penailizes small business and innovation. Using the RBNZ is a much smarter, cheaper, better way. I checked out your links but they opened up to such a huge smorgasboard of information that I did not know what in particular you were refering to.