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Thread: Why housing costs are so ridiculously high

  1. #46
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    Quote Originally Posted by mossy1200 View Post
    ????

    Person with the highest and best offer will set the price in most cases surely.
    At an auction yes - a seller would set a minimum price. The banks dont set your asking price.
    I love the smell of twin V16's in the morning..

  2. #47
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    Quote Originally Posted by Ocean1 View Post
    Correct.

    Which is more than the basis for this thread can claim. Housing in NZ is not, in fact any more expensive that it's ever been. That's if we're comparing apples of course. Hrs worked on an average income per square meter of house is pretty much the same now as it was in granma's day.

    The difference in purchase price is almost exclusively down to the size. NZ houses are fucking huge, more than twice the size of gran's and twice the size of the average in the western world.

    Now, how desperately poor are we that we can apparently afford a level of luxury well beyond that of our grandparents?
    I blame spoilt little cunts that expect their first apple to be 200sq metres with 3 bathrooms and a maid.

  3. #48
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    Quote Originally Posted by nodrog View Post
    I blame spoilt little cunts that expect their first apple to be 200sq metres with 3 bathrooms and a maid.
    Don't forget them who are not willing to compromise their lifestyle and do the hard yards to even save for a deposit.
    I mentioned vegetables once, but I think I got away with it...........

  4. #49
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    I blame women's lib.
    The fact is that when families had one income then prices of everything needed to match income of ONE or you couldn't sell anything.

    TWO incomes equals higher affordability. When something is in short demand its value increases to the highest bidder. That is now governed by TWO incomes not ONE.

    Want a house in an expensive area? Marry someone with a good income unless your rich yourself. Next option is shop in an area that's in your budget.

    Some people would be happier living in a more affordable town or city they just choose not to move.
    If I could talk my wife into moving idd move. We are new in the housing ownership and our mortgage is 120% of my wifes income. That's ok because the house costs a smaller percentage of that as incomes increase and the value of the house increases. That's why the generation before seems to be well off. They hardened up and did the hard yards at the beginning which became easier in the later years. A lot of people now seem to have a very high expectation for gadgets and café foods.

    Prices in the 80s are interesting.
    http://www.thepeoplehistory.com/80selectrical.html

    Microwave $580.00 was more than 2 weeks pay.
    Luxury item affordable if you had higher income only.
    Now $50 odd for a cheap one. Half a days pay for a low income earner.
    If things that got in the way of a persons goals they did without.
    Now people buy the latest xbox1 and rent a room complaining about house prices.


    1983 Space Saver Microwave
    Price: $579.99
    Description Set time and power for up to three separate cooking operations with the computer-type electronic memory and oven will to another automatically. Has convenient 12-hour Delay Start. Large 1.3 cubic foot capacity oven and removable shelf permit versatile "whole-meal" cooking
    I have evolved as a KB member.Now nothing I say should be taken seriously.

  5. #50
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    Quote Originally Posted by flyingcrocodile46 View Post
    It's the peoples fault. They remain ignorant out of choice and effectively sanction everything wrong when they remain silent. Bankers do what bankers do because the people allow it. It's your fault. You and your apathy.
    what do we do then o wise one?

  6. #51
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    Quote Originally Posted by yokel View Post
    No, the government conspiracy is that they want more people renting rather than owning their own home, that should be pretty obvious.

    and when people start using their kiwi saver for a deposit, that will keep the house prices rising.

    the government likes people that need them.
    Why do the gummint want people renting?
    I mentioned vegetables once, but I think I got away with it...........

  7. #52
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    Quote Originally Posted by mossy1200 View Post
    I blame women's lib.
    The fact is that when families had one income then prices of everything needed to match income of ONE or you couldn't sell anything.

    TWO incomes equals higher affordability. When something is in short demand its value increases to the highest bidder. That is now governed by TWO incomes not ONE.

    Want a house in an expensive area? Marry someone with a good income unless your rich yourself. Next option is shop in an area that's in your budget.

    Some people would be happier living in a more affordable town or city they just choose not to move.
    If I could talk my wife into moving idd move. We are new in the housing ownership and our mortgage is 120% of my wifes income. That's ok because the house costs a smaller percentage of that as incomes increase and the value of the house increases. That's why the generation before seems to be well off. They hardened up and did the hard yards at the beginning which became easier in the later years. A lot of people now seem to have a very high expectation for gadgets and café foods.

    Prices in the 80s are interesting.
    http://www.thepeoplehistory.com/80selectrical.html

    Microwave $580.00 was more than 2 weeks pay.
    Luxury item affordable if you had higher income only.
    Now $50 odd for a cheap one. Half a days pay for a low income earner.
    If things that got in the way of a persons goals they did without.
    Now people buy the latest xbox1 and rent a room complaining about house prices.


    1983 Space Saver Microwave
    Price: $579.99
    Description Set time and power for up to three separate cooking operations with the computer-type electronic memory and oven will to another automatically. Has convenient 12-hour Delay Start. Large 1.3 cubic foot capacity oven and removable shelf permit versatile "whole-meal" cooking
    now a woman can be a doctor and leave her baby to cook in the car.



  8. #53
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    Quote Originally Posted by jonbuoy View Post
    At an auction yes - a seller would set a minimum price. The banks dont set your asking price.
    That minimum price the seller sets isn't worth a thing if its above the market and buyers affordability.
    Seller trys to capture as much money as possible but that's still set by the highest buyers highest price.
    I have evolved as a KB member.Now nothing I say should be taken seriously.

  9. #54
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    Quote Originally Posted by yokel View Post
    now a woman can be a doctor and leave her baby to cook in the car.

    Problem is now the market is governed by 2 income no children affordability. This is because blue collar NZ realised they couldn't afford to breed and own a home.

    If you have one high income earner in the house you can still breed.
    If you are low income or no income you can breed to get ahead more.

    If your in the middle your going to get nothing much easily or cheaply.
    I have evolved as a KB member.Now nothing I say should be taken seriously.

  10. #55
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    I blame the Real Estate Agents. The more a house sells for, the more goes into their back pocket. It's in their own interests to inflate the prices.
    Grow older but never grow up

  11. #56
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    Quote Originally Posted by Oakie View Post
    I blame the Real Estate Agents. The more a house sells for, the more goes into their back pocket. It's in their own interests to inflate the prices.
    Real Estate Agent represents him/herself. They drive either party to a sales figure in either direction. Idd say their first priority is securing a sale.

    Step one- Promise the seller enough to get the listing.
    Step two- Introduce potential buyers.
    Step three- Relocate both the buyer and sellers expectations to secure the deal.
    I have evolved as a KB member.Now nothing I say should be taken seriously.

  12. #57
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    Quote Originally Posted by flyingcrocodile46 View Post
    That's just it. With few exceptions they haven't gone broke. They are nearly all trading insolvent and are being bailed out by politicians who are underwriting their current shortfalls with tax money and the promise of your children's and now grand children's tax money.
    Yeah I've read that. But found a huge list of banks which have gone under and none of them appear to have been bailed out. Its weird. If each bank can create money then it would take a meteor strike to wipe out all the people who rely on each bank and that hasn't happened.

    https://www.fdic.gov/bank/individual.../banklist.html

  13. #58
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    Quote Originally Posted by mossy1200 View Post
    That minimum price the seller sets isn't worth a thing if its above the market and buyers affordability.
    Seller trys to capture as much money as possible but that's still set by the highest buyers highest price.
    That's why house prices have become unaffordable in a lot of areas. Sellers are asking for more -buyers are willing to stretch themselves to buy.
    I love the smell of twin V16's in the morning..

  14. #59
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    Quote Originally Posted by Oakie View Post
    I blame the Real Estate Agents. The more a house sells for, the more goes into their back pocket. It's in their own interests to inflate the prices.
    Yup they are a major driving force.
    I love the smell of twin V16's in the morning..

  15. #60
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    Quote Originally Posted by Ocean1 View Post
    Correct.

    Which is more than the basis for this thread can claim. Housing in NZ is not, in fact any more expensive that it's ever been. That's if we're comparing apples of course. Hrs worked on an average income per square meter of house is pretty much the same now as it was in granma's day.

    The difference in purchase price is almost exclusively down to the size. NZ houses are fucking huge, more than twice the size of gran's and twice the size of the average in the western world.

    Now, how desperately poor are we that we can apparently afford a level of luxury well beyond that of our grandparents?
    Must admit I've been bewildered in recent years at what people build as holiday homes. Veritable mansions compared to the farm cottage my dad grew up in - and his parents as farmers were relatively well off compared to most.

    The holiday crib I was eventually lucky enough to share with other people consisted of two Tiwai workers huts joined together with a leaking roof and no insulation at all. Continually spent various sums on plumbing and replacing a frozen superheater. Aye but we were lucky...

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