Wednesday, 19 August 2015

Economics for Real People: Housing markets--Issues in Supply, Demand, etc.


This week’s topic at the Auckland Uni Econ Group couldn’t be more topical. So why don’t you head along tomorrow night, Thursday?

House prices around New Zealand are becoming more and more out of reach of many New Zealanders, yet while how “prices” are formed is clearly something economists should know something about, as houses become less and less affordable reports in the media seem to take less and less interest in what economists have to say about it.
    So this week we are pleased to be joined by James Young, a Senior Lecturer in Property, to talk about how developments are costed, about the things that form housing demand, and how government policy affects housing supply.
    Against that backdrop, he will place some emphasis on myopic expectations, and on government policy relating to land use. A discussion around current land-use policies and future housing supply will follow.
    James Young is ideally placed to talk about this. Prior to joining the University of Auckland Business School, James had a long career as an independent real estate development consultant and policy analyst. His research interests include real estate market dynamics, sale methodology, spatial econometrics, and behavioural issues in property investment. He has published in a several academic journals, including Real Estate Economics, Journal of Housing Economics, and is also an active media commentator.
    This should be both fun and informative. Everyone interested in finding out what’s going on with housing prices should get along!

        Date: Thursday, 21 August
        Time: 6-7pm
        Location: Case Room Two, Level Zero, Owen G. Business School
                      (plenty of parking in the basement, entrance off Grafton Rd)

All welcome. We look forward to seeing you there!

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