Why housing costs are so ridiculously high

**Voltaire** · 9th February 2015, 10:11

Originally Posted by nodrog

How much is a house in otara?

I don't think you would get one for under $450 k

Thinking of moving up here

**nodrog:Me** · 9th February 2015, 10:23

Originally Posted by Voltaire

I don't think you would get one for under $450 k

Thinking of moving up here

So houses in auckland are only 450 not 750

We already live in niggersville

**jasonu** · 9th February 2015, 10:33

Originally Posted by nodrog

So houses in auckland are only 450 not 750

We already live in niggersville

Winston Peter's neighborhood???

**nodrog:Me** · 9th February 2015, 11:02

Originally Posted by jasonu

Winston Peter's neighborhood???

Na, just the hood.

**swarfie** · 9th February 2015, 11:05

Originally Posted by nodrog

Na, just the hood.

You've got a view of the water haven't you? Your place has got to be worth a mill...

**nodrog:Me** · 9th February 2015, 11:11

Originally Posted by swarfie

You've got a view of the water haven't you? Your place has got to be worth a mill...

Only when it floods.

we do have the Soothing sounds of the pacific islands though.

**Woodman** · 9th February 2015, 11:44

Originally Posted by yokel

tax is one reason

Ya reckon? Can you elaborate on that a tad more?

**Voltaire** · 9th February 2015, 11:57

Originally Posted by nodrog

So houses in auckland are only 450 not 750

We already live in niggersville

if you have 10 apples...
and Bob has 5 apples

on average you have 7.5 apples.

**nodrog:Me** · 9th February 2015, 12:14

Originally Posted by Voltaire

if you have 10 apples...
and Bob has 5 apples

on average you have 7.5 apples.

But everybody cant live in the same apple.

**Swoop** · 9th February 2015, 12:37

Originally Posted by nodrog

we do have the Soothing sounds of the pacific islands though.

I bet that is nice at 3am...

**nodrog:Me** · 9th February 2015, 15:43

Originally Posted by Swoop

I bet that is nice at 3am...

I never seen a drunk coconut awake after sundown, must be still on island time.

**yokel** · 9th February 2015, 16:19

Originally Posted by Oscar

How so?
Rental properties tend to be geared heavily resulting in tax losses.

you can longer clam deprecation on the house and now add to that the 20%+ deposit leaves less of a tax loss.
and a landlord is more likely to get someone in to do work on a house so you have some expenses to clam vs a home owner that will do the job him self, or get a mate who's a sparky or plumper to do it for a box of beers.