There is an emerging consensus about the destructiveness of excessive land use regulation, both with respect to its impact on housing affordability but also its overall impacts on economies. This is most evident in a recent New Zealand commentary.
Tagged: New Zealand
There is a growing body of research on the consequences of excessive land use regulation. The connection between excessive land use regulation and losses in housing affordability, has been linked to the doubling or tripling of house prices relative to incomes in places as diverse as Hong Kong, the United States, Canada, Australia, New Zealand and the United Kingdom.
The Labour Party, the main opposition political party in New Zealand, made headlines last week when it announced its proposed policy for trying people accused of rape. According to the party’s justice spokesman, Andrew Little, the party is proposing that the burden of proof be reversed in rape trials. In other words, people accused of rape must prove their innocence.
Culturally and politically, the United States and Great Britain have much in common; a shared heritage, similar economic and foreign policy goals, and a recently, a mutual proclivity toward socialized[…]