Why housing costs are so ridiculously high

[blue rider]

bwhahahahahahahaha

suckers, if yer aint from overseas with access to cheap credits, yer not gonna buy a house....go live under a bridge

http://www.nzherald.co.nz/business/n...ectid=11429699

A big state-owned site in Auckland once earmarked for social and affordable housing is being carved up for sale - and the first 50 houses will be sold privately at market rates.

The 24ha site formerly part of the Papakura army camp, between Walters Rd and McLennan Park, was bought by Housing NZ in June 2004 for $10.7 million. Its rating valuation has more than doubled to $23.4 million because of Auckland's desperate housing shortage, but no houses have yet been built.

snip


Instead, real estate agent Barfoot & Thompson yesterday advertised seven "super lots" of up to 16 sites each for sale by expressions of interest, with pre-designed two-, three- and four-bedroom houses designed by Studio of Pacific Architecture.

Housing NZ general manager of asset development Leonie Freeman said the release of 50 sites on 2ha would all be for private sale at prices that "will reflect the current market at the time of sale".



ahhh yeah, the market will provide.

[sidecar bob]

bwhahahahahahahaha

suckers, if yer aint from overseas with access to cheap credits, yer not gonna buy a house....go live under a bridge

http://www.nzherald.co.nz/business/n...ectid=11429699

A big state-owned site in Auckland once earmarked for social and affordable housing is being carved up for sale - and the first 50 houses will be sold privately at market rates.

The 24ha site formerly part of the Papakura army camp, between Walters Rd and McLennan Park, was bought by Housing NZ in June 2004 for $10.7 million. Its rating valuation has more than doubled to $23.4 million because of Auckland's desperate housing shortage, but no houses have yet been built.

snip


Instead, real estate agent Barfoot & Thompson yesterday advertised seven "super lots" of up to 16 sites each for sale by expressions of interest, with pre-designed two-, three- and four-bedroom houses designed by Studio of Pacific Architecture.

Housing NZ general manager of asset development Leonie Freeman said the release of 50 sites on 2ha would all be for private sale at prices that "will reflect the current market at the time of sale".



ahhh yeah, the market will provide.

Sorry, I dont understand the problem, is there a reason why the property shouldnt be sold at market rates?
Like I said earlier, there are places people can buy houses other than Auckland. Believe it or not there is a whole country of small & affordable towns south of the Bombays, so no need to live under a bridge, unless your head is firmly up your arse.

[husaberg]

Sorry, I dont understand the problem, is there a reason why the property shouldnt be sold at market rates?
Like I said earlier, there are places people can buy houses other than Auckland. Believe it or not there is a whole country of small & affordable towns south of the Bombays, so no need to live under a bridge, unless your head is firmly up your arse.

I think Bob is on to something if all the poor people moved elsewhere the Auckland affordable housing crisis would be over.
Chalk it up as another win to the rock star economy.

I might be being facetious but he does have a point.but
with the ex Amry land though was that esp re zoned and part of the Nats campaign about providing cheap housing for the er roadies in the rockstar economy.

[sidecar bob]

I think Bob is on to something if all the poor people moved elsewhere the Auckland affordable housing crisis would be over.
Chalk it up as another win to the rock star economy.

I might be being facetious but he does have a point.but
with the ex Amry land though was that esp re zoned and part of the Nats campaign about providing cheap housing for the er roadies in the rockstar economy.

I dont understand why the Govt should provide knock down cheap housing for the lazy & stupid paid for by the taxpayer.
Lazy & stupid are choices, so is having fuck all of a house.

[bogan]

Sooo, what's wrong with renting?

[husaberg]

I dont understand why the Govt should provide knock down cheap housing for the lazy & stupid paid for by the taxpayer.
Lazy & stupid are choices, so is having fuck all of a house.

Because they said they would, I know that was before the election, but I guess I am somewhat naïve or somewhat jaded take your pick.

[gjm]

Sorry, I dont understand the problem, is there a reason why the property shouldnt be sold at market rates?
Like I said earlier, there are places people can buy houses other than Auckland. Believe it or not there is a whole country of small & affordable towns south of the Bombays, so no need to live under a bridge, unless your head is firmly up your arse.

The land was bought by HNZ to provide state housing under the HNZ banner. HNZ are now selling it at a profit, rather than complete the plan that was expected.

[mashman]

bwhahahahahahahaha@what I refer to as blind scared old white muthafucka way.

They know no other way.

[mashman]

I think Bob is on to something if all the poor people moved elsewhere the Auckland affordable housing crisis would be over.
Chalk it up as another win to the rock star economy.

Fortunately investors won't waste their $ on building a city big enough to hold them . Although the rich could afford to build their own city. Once done they could hire millions of people to help build their wall.

[mashman]

I dont understand why the Govt should provide knock down cheap housing for the lazy & stupid paid for by the taxpayer.
Lazy & stupid are choices, so is having fuck all of a house.

They could train the next generation of builder at the same time.

[sidecar bob]

The land was bought by HNZ to provide state housing under the HNZ banner. HNZ are now selling it at a profit, rather than complete the plan that was expected.

We'll thank fuck for that. I thought they were going to miss a fantastic speculative opportunity there in favour of propping up losers.
Now they have a heap more money to buy a patch of dirt in a more appropriate location to house the poor & needy.

[nodrog:Me]

.... According to the Media, I am some form of Mythic Unicorn.....

I think they may of hacked your world of warcraft account.

[sidecar bob]

Sooo, what's wrong with renting?

Sooo, what's wrong with paying someone else's mortgage off & being left with nothing to show for it at the end?

[bogan]

Sooo, what's wrong with paying someone else's mortgage off & being left with nothing to show for it at the end?

Nothing.

If you can't afford to buy, you rent, or you work harder, or find something cheaper. Not owning a house isn't the end of the world.

[Ocean1]

Because they said they would, I know that was before the election, but I guess I am somewhat naïve or somewhat jaded take your pick.

I don't recall any election promises to provide knock down cheap housing for the lazy & stupid.

There was some discussion about changing local authority processes to help reduce costs. Some movement there, but I'm keen to see the fuckers charging a bunch less for developments they're not actually paying for. Arseholes.