Left parties should support a big drop in house prices
Labour and the Greens should not be scared to support economist Arthur Grimes’ call for policies to bring down Auckland house prices by 40%. We don’t need to support all his policy suggestions. But let’s recognise that a 40% drop would only bring the Auckland median house price (now around $820,000) down to what it was four years ago ($495,000). Why not aim for that?
