NZ Politicos Resist Housing Price Declines As Obvious Solution To Affordability Crisis

...

"And not one of them has been able to answer that very simple question," Grimes said this week. He was talking about the extraordinary response to his suggestion 150,000 houses be built in six years to push Auckland prices down.

Prime Minister John Key's response was immediate - and betrayed where he stands on the issue of using a supply shock to make housing affordable. It was "crazy", would leave people in the market with huge losses and put pressure on developers.''