Tech giant Microsoft Inc said last Wednesday it would throw $US500 million at reducing housing unaffordability around its hometown of Seattle, and mayors around the region listed ways they’d make development easier.
On my way through a selection of economic articles & announcements this week, I looked at the US Debt Clock website a couple of times, and pondered how long it would be until the US clocked up $US22 trillion of national debt.
Auckland’s year-end stalling of median house price rises (up only 0.7% over 12 months), combined with a 14.2% increase in median household income, returned the region to an unaffordability rating in single digits in Demographia’s latest annual international survey.
Auckland comes in at 6th least affordable city internationally in Demographia’s 13th international survey of housing affordability in 9 countries, out today.
Sprawl v compact research stops short – Inclusionary housing another debate that’s international – Infrastructure funding options – Related pieces – Making NZ a home for planning thinkpieces
Labour Party leader Andrew Little announced yesterday that Labour would, if elected next year, carry out 8 actions aimed at fixing the housing crisis.