Posts by Russell Brown
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Polity: A week on from the housing controversy, in reply to KathrynB,
Labour should have supplemented the Chinese names analysis that indicated general overseas investment eg the REINZ figures on NZ mortgages .
Or even note gone for that big splash at all. As David Hood has been demonstrating in discussions on other threads, there is quite a bit of evidence at least suggesting that Auckland's house price spiral has been driven by foreign capital.
Among the insights (from work he did in 2012): The growing gap between wealth+mortgages and the value of hosing in NZ and the "magic money" that implies.
David also notes that the value of house sales in NZ increased by $4bn last quarter, while the value of mortgages increased only $1.5bn.
Better to lead with things that won't get you accused of racism.
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Polity: A week on from the housing controversy, in reply to KathrynB,
On top of this Labour should have apologised to the resident Chinese community when it became clear that many are upset.
Not having a crack at the Race Relations Conciliator might have been a good idea too.
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Good lord, the young man's a machine.
Two more this morning:
Alice Cares:
And She's Beautiful When She's Angry:
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Speaker: Identification strategy: Now…, in reply to tussock,
Big German bloke, no problem.
Yes problem. Dotcom was not allowed to buy his mansion and continues to rent it from the owners.
But a Chinese company (actually owned by a kiwi, married to an MP of all things) bought a farm? HOLY SHITBALLS! And not because racism.
Which one was that?
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I don't doubt your good faith Rob – and I think there is other evidence suggesting that overseas capital is distorting the New Zealand residential property market and that that capital is currently flowing principally out of mainland China (China only overtook the US last year as Australia's biggest source of foreign property investment) – but the problem is that ethnic Chinese New Zealanders heard something very different to what you say you were saying.
They heard a generalised othering and blaming, one they were required to opt themselves out of, and a lot of them were upset and scared by that.
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Hard News: Friday Music: Silver and Gold, in reply to Samuel Scott,
The Randa track ‘Rangers’ is pretty fantastic. That would be on my list for the year.
Amen to that.
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Incoming! The original demo of the Screaming Mee Mees’ ‘See Me Go’ has just been uploaded to Soundcloud:
https://soundcloud.com/david-aidan/screaming-meemees-see-me-go-original
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The guy who just sold me some beer is trying to buy a house with his wife.
They've been to nine auctions so far and all nine have been won by telephone bidders.
He did feel like he was up against it.
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Hard News: Friday Music: Silver and Gold, in reply to Ian Dalziel,
SCHIPS – New Digital EP by SATURATIONS
available now, four new Blair Parkes songs featuring guest vocals from Miss MercuryAh yes. I'd have included it, but I haven't had time since yesterday to even go get it and have a listen so I can say something about it. Next week.
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For historical context, a look at what Apra members did actually rate in that era:
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