housing crisis - make developers provide affordable housing - cheap air purifiers for the home

Lawrence Murphy, a former real estate professor at the University of Auckland Business School, said such a move would only lead the development department to do what it has always done --
Buy land at market prices and build houses for sale at the best possible price.
Auckland now has an average house price of more than $800,000 and is still climbing, so most of the new home prices are still too expensive for low prices.
Family income-
Professor Murphy said it was "simple" to release more land and build more houses to lower prices ".
Instead, he said, some attention needs to be paid to providing affordable housing.
There is no simple answer to the housing problem in Auckland.
Low interest rates, higher incomes, the influx of thousands of people into cities every year, the improvement of cities and the expected increase in lifestyle have created an increase in demand pressure.
House prices are determined by supply and demand.
Growing demand can even flood high production.
"The economic model developed by the British and Scottish governments shows that even if you produce large quantities of housing for a long time --
High production in 10, 15 and 20 years-
"This is not really reducing house prices," said Professor Murphy . ".
"In Ireland, more than 500,000 new homes were built from 1995 to 2006.
However, prices have risen by more than 350 during this period.
"Developers can't produce cheaper houses because they have to compete to buy land," he said. The highest bidder will get the land.
So even if you release more land, developers will not build affordable houses.
"The mortgage market in New Zealand has also created this problem because" you almost had to beg for a mortgage 20 years ago ".
Increasing competition in banks and falling interest rates mean people are taking on more debt.
House prices are encouraged to rise again.
Professor Murphy said that there is no other commodity that can get such a low interest rate, which creates the potential for a good return --
Compared to the stock market and other investments, housing has become a "very easy option ".
Because borrowing is too cheap, "If you are not in the real estate market, you will lose pressure somehow.
We also have a situation where many people think their house is their pension fund and a way to save for their future.
"This buoyancy is bad news for people trying to grab the bottom of the Auckland housing ladder.
Solving this problem means not only building more housing, but also taking measures to ensure that some housing is affordable.
Other developed countries are facing the same problem of short supply.
Some countries, such as France, have used the housing tax credit system.
In return for long-term supply
From the perspective of affordable housing, developers can get a lot of tax credits.
In the United States, developers can
Professor Murphy said selling their tax credits to other unrelated companies would be their upfront profits.
In the UK, affordable housing is sold to registered social landlords.
They serve those who are not eligible for parliamentary housing and cannot afford to buy their own.
Plan includes long term
The shares are leased or shared on a regular basis and the community landlord retains ownership of that part of the property.
In various states of Australia, land development companies negotiate deals with landowners, and there will be no big gain when land is reallocated
For House use-
"Fair value, not inflated value," said Professor Murphy . ".
With the opening of official land, the New Zealand government should consider asking developers to include affordable housing, he said.
The initial cost of the land needs to be controlled, otherwise the owner knows that the land will be reallocated
Areas drawn for housing will be retained for the highest price.
"If you release land at market prices, you don't get an affordable home when house prices go up.
"Flooding the market with land doesn't work:" It's in the interest of developers even if more land is available
This will lead to lower prices and adversely affect their viability.
"The current proposed unified plan for Auckland allows for the retention of affordable housing, and special residential areas in Auckland have regulations requiring developers to include some housing that is priced below the median price in the region.
But nothing can stop these properties from being opened.
Professor Murphy said selling for profit caused prices to start rising.
"If you include affordable housing, there is an argument that it should be retained as affordable housing.