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Comments on: Another sentence http://www.tvhe.co.nz/2010/12/16/another-sentence/ The Visible Hand in Economics Thu, 06 Jan 2011 00:17:33 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Aaron http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31848 Thu, 06 Jan 2011 00:17:33 +0000 http://www.tvhe.co.nz/?p=5582#comment-31848 I agree we have borrowed from overseas to load up on flat screen TVs and the such and we have been living far outside our means. It’s time to make a big change before it’s to late.

]]> By: Electrician St Kilda http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31749 Wed, 22 Dec 2010 12:53:26 +0000 http://www.tvhe.co.nz/?p=5582#comment-31749 yes,it is very expensive to build or purchase a home not only in New Zeeland, but everywhere in the world. The real estate business has progressed a lot. AS a side effect,the people may suffer to buy properties.so,it is a good idea to invest some amount for that purpose.I would like to take ‘residential investment’.

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31713 Thu, 16 Dec 2010 20:54:18 +0000 http://www.tvhe.co.nz/?p=5582#comment-31713 @Bez

“As commented at previous article, the problem is politics and politicians”

Those punks 😉

In this case I think that it is the description of the situation that is really mincing things up – if it turns out that the gap really is in the housing market, and we can describe that to people, I’m sure that we can get political “buy in” … or some such management talk

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31712 Thu, 16 Dec 2010 20:51:50 +0000 http://www.tvhe.co.nz/?p=5582#comment-31712 @Miguel Sanchez

“that is, it’s made perfect sense to buy more in a time when the relative price of consumption has been falling.”

I agree 100%. I mean, nominal consumption as a % of GDP is below average, not above after all.

]]> By: Bez http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31709 Thu, 16 Dec 2010 15:46:57 +0000 http://www.tvhe.co.nz/?p=5582#comment-31709 Indeed Matt, but again, the consequence of that perspective would be a policy direction that is much more difficult to sell politically (i.e. bringing the tax system in line), or against the continual desire of ever expanding statism (i.e. reducing regulatory and legislative intervention). As commented at previous article, the problem is politics and politicians, not the economic rationality of individual decision making.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2010/12/16/another-sentence/#comment-31706 Thu, 16 Dec 2010 11:20:23 +0000 http://www.tvhe.co.nz/?p=5582#comment-31706 “The key point here is that we do need to see a relative decline in consumption, when we include the consumption of housing services as well.”

That is included in the GDP measure of consumption: “imputed rent on owner-occupied dwellings” or something similar. Even with that, it’s hard to argue the need for a relative decline in consumption in nominal terms – that is, it’s made perfect sense to buy more in a time when the relative price of consumption has been falling.

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