You might individually have been part of that, but the actual immigration numbers are not a match to house price rises- I can go through much the same process showing a lack of relationship between arrivals and house value.
I think more you should take out the portion attributable to mortgages, then do something similar for immigration (do people like me coming back from OE even show up on anyone's radar?) and then look at the remainder
So we get to the situation of access to capital (not identifiable within the New Zealand Economy) rather than people.
which was sort of my point
no it's more an issue of the Insurance companies not wanting to spend money on diagnostics or specialists and pushing back at every possible point.
My doctor's practice in the US (5 GPs sharing space) had 4 people working in the receptionist's area, one working as a receptionist and 3 who's job is essentially dealing with insurance companies, my current doctor's practice in NZ (6 GPs I think) has just 1. My US dentist (sole practice) had 2 people working reception. You can see where the costs start to climb just from that.
And just to prove how people outside of Auckland feel about all this angst about Auckland housing prices here's today's Tremain (ODT's editorial cartoon)
crap, looking at that graph I must have started this, I came back from my OE in 2004 and bought my house for cash, no mortgage …..
seriously though people moving to NZ with money is one cause of this, all in all that’s probably a good thing for the larger economy (wealth transfer inwards) though not so good for the Auckland housing market.
Just like looking at surnames it doesn’t prove directly that “people overseas are buying up our houses” more like that people with alternative sources of financing are buying our houses.
Having lived in/with both systems I'd like to descibe the experience I had getting my gall bladder out in the US .... I had really good minsurance ... took me close to 6 months to get a referal and then an an appointment with a specialist, 3-4 more months of intense pain futzing around doing diagnostics and trying meds that didn't cost anything, then a sonogram, a diagnosis and an operation within a week.
My wife had the same thing in NZ a decade later, here it was the opposite ... a specialist and a diagnosis within 3 weeks .... then on a (long) waiting list for an operation (after the pain I'd been through we paid the full cost of a private operation pourselves, probably 1/10th what we'd have paid in the US).
What I'm not hearing from Labour is whether or not they will withdraw from the treaty if it is signed by National and they subsequently regain power.
I also doubt charter schools could claim their education is OK because of the placebo effect, so homeopathy has one up on them there
Really though one needs to take Slater's site's pronouncements with a large grain of salt (rock sized) one thing "Dirty Politics" showed us his voice and his web site is available for hire, likely we're simply seeing the words of the highest bidder.
Now I'm off to get the fire hose and make some nice strong homeopathic beer
And at the same time, wages were still inflating and Cullen didn’t move the tax brackets (he took advantage of ‘bracket creep’).
so did Muldoon during 70s hyper-inflation – in fact I suspect just about every finance minister does this, it’s a situation where you actively have to do something that makes your life worse, inaction is probably easy.
Ideally we should have brackets (and benefits, and the minimum wage, and ….) tied to an inflation index