2016 Feb Meeting Shamubeel Eaqub
Guest Speaker: Shamubeel Eaqub
Our first meeting for 2016 and February guest speaker is well known economist Shamubeel Eaqub, author of Generation Rent. Morgan Godfrey of Stuff described Shamubeel as “..a neoclassical economist adored by parts of the political left, an assiduous networker determined to take on the establishment and a talented empiricist who’s not afraid to act as a cultural critic.”
House prices may boom or bust but the long-term trend is clear: for more New Zealanders than ever, home ownership is out of reach and there will be no choice for them other than to rent. This has to be good for the property owner. In Generation Rent and at our meeting, Shamubeel reviews the issue of housing unaffordability, reviews the international experience and notes the powerful political force that the 50% of the country who rent represents.
Shamubeel's ideas may not be every investor's dream and Generation Rent identifies 10 ideas to address the situation; Shamubeel thinks major change would take a decade if implemented now.
In his presentation, Shamubeel will outline a compelling narrative on New Zealand's unaffordable housing; how we got here, the consequences of doing nothing and some tangible fixes.
Come along with an open mind and hear what the future might hold for the property investor.