Property costs in NZ - the heart of evil

[Brian d marge]

Actually there is a lot wrong with this statement. Spending power has decreased as wages have not increased at the same rate as inflation.
The houses that people are buying now are further from the cbd, more time and money spent commuting.
all the bells and whistles.. are you kidding? 3 bedrooms and space for a garage in the future will do. avondale is now a $650,000 suburb.
in the 70s the average house price wasnt 10 times the average wage. Auckland is in the top 10 for unaffordability of housing, hence the declining home ownership rates. And people trying to buy now are generally lumped with a student loan as well. No more free education.

Inflation has killed spending power
As well as wages not keeping up
Also if i can add to that speculation as bank are more willing to lend on brricks and motar. ( cheap interest rates havent helped )

I notice now the trend towards "tiny homes " , and I have to say , if you are a cashed up oldies , what better place to live than NZ !

Stephen

[Ocean1]

Actually there is a lot wrong with this statement. Spending power has decreased as wages have not increased at the same rate as inflation.
The houses that people are buying now are further from the cbd, more time and money spent commuting.
all the bells and whistles.. are you kidding? 3 bedrooms and space for a garage in the future will do. avondale is now a $650,000 suburb.
in the 70s the average house price wasnt 10 times the average wage. Auckland is in the top 10 for unaffordability of housing, hence the declining home ownership rates. And people trying to buy now are generally lumped with a student loan as well. No more free education.

There's fuck all wrong with it.

Houses then were 100 sq metres, now they're 230. By that measure houses are cheaper now than then, size has more than doubled and yet the price has simply gone from 5 years income to 9. So wrt housing your spending power hasn't decreased at all, has it?

Want affordable housing? get the monopolies out of the equation. Start with getting local govt fingers out of the fucking till and then boycott any supplier that can be shown to be charging more than 20% over cost-to-market. I can see a buyers co-op doing quite nicely...

[mashman]

Do we have a lack of land? Or is it just poorly used.

No need to fix a hole with a cement truck if all you need is dirt.

I'd happily go for poorly used. Yet I don't see the problem with building office in the middle of a harbour if it frees up real estate that can eadily be converted into apartments where real estate is at a premium.

I'd settle for common sense.

[mashman]

I can see a buyers co-op doing quite nicely...

Me too... until one decides he's putting in more effort than another and decides that he should have more of the profit than anyone else. Seems to be the way of the world given the conversations I've had with a few people and the experiences I've had.

[Brian d marge]

I'd happily go for poorly used. Yet I don't see the problem with building office in the middle of a harbour if it frees up real estate that can eadily be converted into apartments where real estate is at a premium.

I'd settle for common sense.

The Beehive should have been relocated to the middle of cook straight, ( would free up prime land for residential.)

I could also ( when parliament is sitting ) lent out to NPO such as the Australian air-force , or the Fijian navy

for target practice

Stephen

[Ocean1]

Me too... until one decides he's putting in more effort than another and decides that he should have more of the profit than anyone else. Seems to be the way of the world given the conversations I've had with a few people and the experiences I've had.

No idea which world you live in, Co-ops in this one don't generally have profits.

[mashman]

The Beehive should have been relocated to the middle of cook straight, ( would free up prime land for residential.)

I could also ( when parliament is sitting ) lent out to NPO such as the Australian air-force , or the Fijian navy

for target practice

Stephen

... nah, too much in the way if expenditure required for that. Great training opportunities all round mind, but it'd be more efficient and effective, within the timeframe you suggest, to bar the windows... and the start filling up all of those rooms. Although the revenues for the target practice sessions would be quite high. The population would probably double and the benefits for the economy would be immense.

No idea which world you live in, Co-ops in this one don't generally have profits.

... Artichoke.

[Delerium]

There's fuck all wrong with it.

Houses then were 100 sq metres, now they're 230. By that measure houses are cheaper now than then, size has more than doubled and yet the price has simply gone from 5 years income to 9. So wrt housing your spending power hasn't decreased at all, has it?

Want affordable housing? get the monopolies out of the equation. Start with getting local govt fingers out of the fucking till and then boycott any supplier that can be shown to be charging more than 20% over cost-to-market. I can see a buyers co-op doing quite nicely...

*snort*, still a lot wrong with it.

[Ocean1]

*snort*, still a lot wrong with it.

What's preventing you from building the house your grandparents had for roughly the same number of working hrs income they paid?

Building "standards" constraints.

Fashion.

?????

[Indiana_Jones]

Anyone know of a decent mortgage broker in Dunedin?

-Indy

[Woodman]

Anyone know of a decent mortgage broker in Dunedin?

-Indy

Are they really any use?

[Indiana_Jones]

Are they really any use?

Some people seem to think they can get you really decent rates. Not being a home owner/having a mortgage, I wouldn't know.

-Indy

[Ocean1]

Some people seem to think they can get you really decent rates. Not being a home owner/having a mortgage, I wouldn't know.

-Indy

An industry mate says you can do the same yourself, it's just a matter of actually bargaining with your bank rather than taking their ticket price at face value.

[Woodman]

An industry mate says you can do the same yourself, it's just a matter of actually bargaining with your bank rather than taking their ticket price at face value.

Thats what i was meaning. Same with estate agents when selling, don't let the bastards tell you they can't reduce their commission. Had one tell us that asking for a reduction was something that you just do not do. Bollocks .

[Indiana_Jones]

Hairy muff, makes sense.

Currently with Kiwibank, but might be able to get slightly cheaper rate with Westpac or ANZ as they have some sort of deal with my employer.

Of course it's all bullshit as they're loaning money they don't have.

-Indy