Property costs in NZ - the heart of evil

[Voltaire]

Its reassuring knowing that Nick Smith is on the case

Do the 10 000 houses build themselves or are there lots of tradies currently sitting around waiting for the PO to come thru?

And if they do come to Auckland really want to pay $450 a week for a 2 beddie....thats if you can find one.

[mashman]

Because they want something they haven't earned. World's full of them. Cunts.

Surely they're allowed to charge what they like for their product?

[Ocean1]

Surely they're allowed to charge what they like for their product?

In a free market, yes. And if they charged those pricers in a free market they'd sell absolutely nothing.

Given me druthers no commercial entity should be able to own interests in more than 25% of any given market.

[mashman]

In a free market, yes. And if they charged those pricers in a free market they'd sell absolutely nothing.

Given me druthers no commercial entity should be able to own interests in more than 25% of any given market.

I guess their ain't much chance of that given what it would take to break into their market. Maybe the govt could put some competition together

[BoristheBiter]

Surely they're allowed to charge what they like for their product?

Telecom tried that and look what happened to them.

Now carters is falling fowl of the CC.

Funny, the common thread here is Fletchers...........hands in back pockets much?

[mashman]

Telecom tried that and look what happened to them.

Now carters is falling fowl of the CC.

Funny, the common thread here is Fletchers...........hands in back pockets much?

Oh noes, you means that approach doesn't work either, go figure

[Ocean1]

I guess their ain't much chance of that given what it would take to break into their market. Maybe the govt could put some competition together

I like the idea of a govt getting commercially involved in a market that's become artificially manipulated.

It seemed to work with Kiwibank...

[merv]

I just want house values to keep on an upward trend with no silly hiccups.

I still argue we bought our first house in the 70's on about a 10:1 ratio price to salary and me and Mrs were paying about half our take home pay in mortgages, so why can't people do that now instead of bitching about prices? Oh that's right, they've gotta have all the bells and whistles and have a house way better than their parents had with all the mod cons and landscaping done etc. Back then we got a few mates around instead of getting a bloke in and paying him and enjoyed the process.

[Woodman]

I just want house values to keep on an upward trend with no silly hiccups.

I still argue we bought our first house in the 70's on about a 10:1 ratio price to salary and me and Mrs were paying about half our take home pay in mortgages, so why can't people do that now instead of bitching about prices? Oh that's right, they've gotta have all the bells and whistles and have a house way better than their parents had with all the mod cons and landscaping done etc. Back then we got a few mates around instead of getting a bloke in and paying him and enjoyed the process.

Agreed................

[Voltaire]

I just want house values to keep on an upward trend with no silly hiccups.

I still argue we bought our first house in the 70's on about a 10:1 ratio price to salary and me and Mrs were paying about half our take home pay in mortgages, so why can't people do that now instead of bitching about prices? Oh that's right, they've gotta have all the bells and whistles and have a house way better than their parents had with all the mod cons and landscaping done etc. Back then we got a few mates around instead of getting a bloke in and paying him and enjoyed the process.

My Son was bleating that his car has peeling paint ( its a Toyota) and the electric window sticks and he needs a Subaru..... I told him about my cars, $200 VW's that barely passed a wof, Holdens I had to fix a lot, $500 Renaults, an old Kombi ute, and that was when we had kids. I'd loved a 1994 Levin they are an awesome car.
I've never owned a nice car, past caring these days.

[Winston001]

I've never owned a nice car, past caring these days.

Yeah, funny init. In my 20's I lusted after old Mk II Jaguars or the V8 Daimler version and there were still quite a few around then. Later on when I could afford to buy one, it just didn't seem that important.

Same with the Norton 850 Commando. Sex on a stick. Nearly bought a new Thruxton as a substitute, but ended up with a Ducati and that was the right decision.

[Indiana_Jones]

Yeah, funny init. In my 20's I lusted after old Mk II Jaguars or the V8 Daimler version and there were still quite a few around then. Later on when I could afford to buy one, it just didn't seem that important.

Same with the Norton 850 Commando. Sex on a stick. Nearly bought a new Thruxton as a substitute, but ended up with a Ducati and that was the right decision.

Fuck, I hope that doesn't happen to me lol.

-Indy

[Brian d marge]

Yeah, funny init. In my 20's I lusted after old Mk II Jaguars or the V8 Daimler version and there were still quite a few around then. Later on when I could afford to buy one, it just didn't seem that important.

Same with the Norton 850 Commando. Sex on a stick. Nearly bought a new Thruxton as a substitute, but ended up with a Ducati and that was the right decision.

life summed up right there

teeenage , 850 pistons flying around at light speed. An inch from blowing me load. In me thirties , Drank a shit load of juice but looked stylish doing it ( MkII Jag ) , 40s , the Ducati . I had learnt the trade and was a machine.


Now ... Royal enfield tappets a bit rattly , slow reliable and in the right light a sex machine

Stephen

[avgas]

Plans for incredible $10b 'floating city' How to make property more affordable in 2 years? If supply has to outdo demand before house prices become maintainable, then you need lots of houses quite quickly. Build 4 of these around Auckland, but build offices. It'll free up most business premises for housing conversion.

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.

[Delerium]

I just want house values to keep on an upward trend with no silly hiccups.

I still argue we bought our first house in the 70's on about a 10:1 ratio price to salary and me and Mrs were paying about half our take home pay in mortgages, so why can't people do that now instead of bitching about prices? Oh that's right, they've gotta have all the bells and whistles and have a house way better than their parents had with all the mod cons and landscaping done etc. Back then we got a few mates around instead of getting a bloke in and paying him and enjoyed the process.

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.