Her influence is obviously very far reaching :t_up:
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Rapid asset inflation took off around the world as Reserve Banks & their equivalents e.g. Federal Reserve, reacted to forecasts of massive unemployment & economic recessions due to the Covid pandemic, & injected huge amounts of cash into their economies. This was not a NZ problem but a worldwide problem.
House buyers were thoroughly warned the market had overshot, & that it would pull back.
There were almost daily warnings in the media from various economists, even the Reserve Bank tightened Bank's Capital requirements to protect & strengthen the banking system from what it was warning was an over exuberant market. ( remember banks like John Key's ANZ fought hard against this through lobbyists in the media seeing these tighter ratios would dampen their extraordinary profits, pretty disgraceful ).
So anyone who bought a house in the last 18 months clearly, definitely, unequivocally, knew prices were going to drop in the short term.
Sometimes you just can't protect people from themselves, but you can protect the banking system.
While the monetary stimulus contributed to house price inflation, the other things you mention have been anti inflationary.
Lower interest rates were a huge driver of house price inflation. Higher interest rates have the effect of taking heat out of the market.
Controls over rental property have taken many investors out of the market & for the first time, the numbers of home owners has overtaken the number of investors in the market.
Again buyers access to capital or the LVR's which the Reserve Bank has imposed on banks, have removed many of the highly speculative buyers who pushed prices up.
‘Affordable housing for all via Kiwibuild’.
‘Homeless living in cars is a disgrace and an indictment on NZ.’
Ardern spinning and she spun herself out of the honesty, truth and transparency orbit.
Only 300% increase in the car dwelling homeless population since she took office.
Only 200% increase in state housing wait list since she uttered the promises on housing.
$1 billion spent on emergency housing to date - nothing to show but she made millionaires out of motel & emergency accommodation providers. 😂😂😂