- Increased inequality and reduced social mobility.
- Loss of international competitiveness.
- Reduced “churn” of land use.
- Diversion of capital from productive uses, to land-price bubbles.
- Reduced business start-ups.
- Reduced efficiency of urban form and transport patterns.
Adam Bennett, reporting on the announcement in the NZ Herald of April 1st, 2011, advises that the Commission came under immediate fire for advancing the interests of “developers and the political right”. We live in a strange world when affordable housing is deemed to be a right-wing plot.