Quote:
Originally Posted by lycosid
I'm gonna go out on the sturdiest limb and say, despite knowing literally nothing about Auckland, that their real problem is that they aren't building enough housing.
If Auckland's problems are anything like Ireland's, then it's not enough to simply increase production volume via the same modes of production that are currently dominant. Incentivise a bunch of developers to build more housing than they're currently building, and they'll build even more housing of the exact same type as they're currently building - primarily high-end, luxury-type accommodation.
You need to increase supply, sure. But you also need to change the nature of the supply - you need publicly funded social housing, and lots of it. The market will not save us.