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BENGALURU, Sept 2 (Reuters) - New Zealand house prices are forecast to reverse a recent decline and rise 6% next year as interest rate cuts from the Reserve Bank of New Zealand take effect, according to a Reuters poll of property strategists.

NB Not a DROP in rent, an estimated drop compared to the claimed increase without their little measures. Are rents not still close to three times as big in real terms as in 2000?

results so good you would think they cooked it

722

Despite aggressive interest rate rises, home prices in New Zealand are just 19% below their November 2021 peak, less than half their over 40% surge during the COVID-19 pandemic.

Well tried Sam. But house prices (rents) in NZ are largely influenced by interest rates!

Never doesn’t work

California Insider Show

@CA_Insider

California has the nation’s highest housing costs. Some blame a housing shortage; others, government policies. We sit down with experts to explore what’s driving costs and discuss the state-mandated Housing Development initiative and why some cities push back.

1:31

Why Housing Costs Are Still Through the Roof in California

From youtube.com

9.2M

New Zealand house prices to rise 6% next year on lower interest rates

While a sharp rise in interest rates from 0.25% to 5.50% from October 2021 to May 2023 did not result in a housing market crash, it tamed an overheating market.

From reuters.com

264

Jan 15

This report is flawed. It only looks at two variables and assumes these two are linked. Other important variables would need to be used to carry out a proper analysis. So its not worth a lot!

I can’t see how rents can go down in London without house prices falling dramatically given yields are below borrowing costs.

Also you could just put Rent Control in, instantly, now. x.com/pmcondon2/stat We cannot keep pumping out construction emissions, plus it was not a REAL DROP in rent, I doubt if 21% drop cf estimated increase without it was nearly enough.

Quote

Patrick Condon

@pmcondon2

Jan 12

Rent control squeezes out some of the speculative pressures on urban land price/Rent. A very good thing indeed. vice.com/en/article/eco

263

Jan 15

The report is flawed. It only looks at 2 variables and assumes that is the link. Without looking at other variables it is a useless report and should not be quoted.

The Sentient Dog Group

@e_considine

Hutts always have business savy.

GIF

Stella Stafford

@stellastafford

OOH! Sam! You will LOVE the ideas they are about to apply in Spain. Need to get equiv into UK legislation ASAP. Fix prices, shortage AND rents! No need for those Planet Killing Construction Emissions (nb you need a Living Planet too!)-use the Ms of Empties/Touristlets we have NOW

336

Paddington Bear (gay)

@bear9457398558

Wow! Thats such a striking result I thought I’d read the first goddamn page. Rents aren’t “down 21%.” They went up. “Upzoning reduced rents by 21% relative to the synthetic control counterfactual.” Meaning: they went up less than authors were guessing they would have otherwise

shale

@shale75