https://www.stuff.co.nz/business/opinion-analysis/300554289/housing-greed-threatens-new-zealands-future
"Housing greed threatens New Zealand's future.
This week the International Monetary Fund’s shared its perspective on New Zealand’s post-Covid recovery. The IMF delivered its most alarming statement about New Zealand’s biggest domestic problem: housing. The NZ property market is a financial stability risk.
Freeing up land supply, improving planning and zoning, and fostering infrastructure investment need to be part of the solution, the IMF said.
With house prices out of reach to most buyers unless they have a $200,000 deposit, young, well-educated, and ambitious New Zealanders will be reviewing their options as the border opens = a brain drain.
To this foreigner, it has been illuminating to watch NZ’s housing problem deteriorate over the past few years. The attempts to subdue property speculation met with hysterical, misplaced cries of communism or socialism.
The vested interests fighting tooth and nail to stop houses being built, despite clear evidence of a shortage. And the commentators and politicians transparently attempting to preserve the status quo for older voters."