Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


On house prices and anti-foreigner sentiment

On house prices and anti-foreigner sentiment
ACT Leader Jamie Whyte

The prices of residential homes are high because land use restrictions, of the kind supported by the Greens, create an artificial scarcity. But the Greens don’t see it that way. They think the problem is not insufficient supply but excessive demand. So Russell Norman today announced a plan to get land prices down by stopping New Zealanders from selling their land to foreigners.

According to Russell Norman, “if you took 10% out of the demand side, you would go a long way to stabilising prices”.

Perhaps you would. But there are many alternative ways of doing this. Mr Norman might have suggested a ban on selling your home to a woman in her 30s. Or he could seek a ban on selling your home to anyone over 180cm in height or to natural blonds.

Of course, such prohibitions would be morally outrageous. And Mr Norman would never suggest them. But what makes a ban on selling your property to foreigners any less outrageous?

This combination of state-directed capitalism and anti-foreigner sentiment has a very ugly history. I am amazed that the Greens, who I had always taken to be misguided but decent people, should wish to tread that path.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news