Cornwall Park Leases

One of the things that Shamubeel Eaqub talks about in NZIER’s housing affordability paper is the importance of making renting in New Zealand a better substitute for owning. The Cornwall Park situation is where 21…

Reflexivity, House Prices And Mortgage Lending

I’m currently reading another George Soros book “The New Paradigm For Financial Markets“. Reviewing his discussion of the 1980’s international lending crisis he notes: In cases of debt leveraging the misconception consists in a¬†failure to…

Buying A House Is Weird

Economist Shamubeel Eaqub is right, renting is better than buying. It’s weird how obsessed New Zealanders are with real estate. Browsing the real estate section of TradeMe or Open2View must rival consumption of online pornography…