Why housing costs are so ridiculously high

[98tls]

so I struggle to have too much sympathy for people with $1000 cellphones and cars worth more than any car I've ever owned on finance along with a houseful of furniture and a home theatre system and a gaming computer complaining they can't save a deposit.

They wont need your sympathy fella all they will need is more of your hard earned in the form of another fuck up akin to the so called working for families,i have no doubt that within the next decade or so that having a child will give you far more than some cash to put in the pokies or help out with the car payments it will indeed put a roof over your head.Fwiw the ones that crack me up the most are those with the cellphones and no car

[neels]

They wont need your sympathy fella all they will need is more of your hard earned in the form of another fuck up akin to the so called working for families,i have no doubt that that within the next decade or so that having a child will give you far more than some cash to put in the pokies or help out with the car payments it will indeed put a roof over your head.Fwiw the ones that crack me up the most are those with the cellphones and no car

They're already getting enough of my money thanks.

When we had our kids there there was no working for families, no free doctors visits, no paid maternity leave, no free childcare, no free money from the government to buy your first house. I guess at least I can have the satisfaction when I go to sleep in my fourth house, which is almost up to the standard of a lot of peoples expectation of their first house, that everything I have I've earned myself.

[5ive]

I agree, these fucking young scum these days. Paying for their own education, high rents, high cost of living, and low paying jobs. They practically have no rights to home ownership or a comfortable retirement. They deserve everything they get.

In my day I had to walk 10 kilometers to school in the snow in bare feet, and in summer my PE teacher used to abuse me.

[mada]

I agree, these fucking young scum these days. Paying for their own education, high rents, high cost of living, and low paying jobs. They practically have no rights to home ownership or a comfortable retirement. They deserve everything they get.

In my day I had to walk 10 kilometers to school in the snow in bare feet, and in summer my PE teacher used to abuse me.

Totally agree. They're all so lazy, which is why zero hour contracts are the norm.

[mada]

Just bought my first home in Auckland.

http://www.stuff.co.nz/life-style/ho...lls-for-677000

with a lifelong mortgage and bit of hard work should come up alrite

[5ive]

Just bought my first home in Auckland.

http://www.stuff.co.nz/life-style/ho...lls-for-677000

with a lifelong mortgage and bit of hard work should come up alrite

Congrats!

I'm sure there will be quite a lot of interest from renters once you've done nothing to it, and listed it on Trademe for $700 a week, bargain!

[gjm]

Congrats!

I'm sure there will be quite a lot of interest from renters once you've done nothing to it, and listed it on Trademe for $700 a week, bargain!

$700?

That's cheap...

And that's another reason so many people are struggling to buy a house - all their money has gone on rent. OK, $700 a week may not be cheap, but a 3 bed place in Papakura will run you to $450 a week now. Rent that for 3 years and that's over $70k gone, which even if saved, wouldn't be enough for a 20% deposit.

Some say why buy when you can rent? How're you going to pay that rent when (if) you retire?

[sidecar bob]

I just fuckin laugh at these Aucklanders that think that NZ stops at the top of the bombays.
$677k in Tauranga will get you a modern flash pad in a very nice part of town with a butlers pantry & all it will need for the next ten years is vacuuming & mowing.
Had to laugh when I typed Aucklanders into my IPad just now, the IPad corrected it to Suck Landers.

[gjm]

I just fuckin laugh at these Aucklanders that think that NZ stops at the top of the bombays.
$677k in Tauranga will get you a modern flash pad in a very nice part of town with a butlers pantry & all it will need for the next ten years is vacuuming & mowing.
Had to laugh when I typed Aucklanders into my IPad just now, the IPad corrected it to Suck Landers.

At least a third of the total population of NZ lives in the Auckland region... And more are moving there every day. That's one problem - immigration isn't so much to NZ, but to Auckland. This pushes prices for everything up, meaning more 'middle- and upper-class' people live there. This often translates to votes for a certain political party so they have less incentive to change anything.

Looks like prices in Tauranga have gone up quite dramatically too. When we looked at the area, I was astonished at what we could buy for $450k! Then after 14 months of trying, I was finally offered work south of Auckland which kinda sealed our fate.

[ellipsis]

...while I was getting angry and stressed and feeling like our oldest daughter and family have been fucked over badly and they would probably never, ever be able to own there own roof, they went and bought one...single income, still smiling...I seem to remember that feeling of hopelessness about thirty years ago, that I would never be able to own or buy a property...then we bought one...this is just generational shit that rolls on and on and on...

...if you were not born with a silver spoon, the only way to do it, is...get up in the morning, go to work...repeat...ad nauseum...

[eldog]

At least a third of the total population of NZ lives in the Auckland region... And more are moving there every day. That's one problem - immigration isn't so much to NZ, but to Auckland. This pushes prices for everything up, meaning more 'middle- and upper-class' people live there. This often translates to votes for a certain political party so they have less incentive to change anything.

Looks like prices in Tauranga have gone up quite dramatically too. When we looked at the area, I was astonished at what we could buy for $450k! Then after 14 months of trying, I was finally offered work south of Auckland which kinda sealed our fate.

We need more industry around the place to spread the work around, but transport cost generally kills it.
too many cafes/food places in akl, just what are these people doing for a living? there is no real resources/minerals/forestry/agricultural stuff here.

Tauranga/Papamoa is where all the akl retirees go WFG

14 months - I couldn't last that long

and if you hadn't noticed the value of most of the homes has gone up -> automatic increase in rates.

Not complaining at least they are finishing the western corridor - surprised about the high cross overs intersections at Pt Chev - hope they get the chamber right

[Moi]

At least a third of the total population of NZ lives in the Auckland region... And more are moving there every day. That's one problem - immigration isn't so much to NZ, but to Auckland ... I was finally offered work south of Auckland which kinda sealed our fate.

We need more industry around the place to spread the work around, but transport cost generally kills it ...

Housing in provincial centres is generally far more affordable. But, you need to have employment. And that is as big a problem as the issue of house prices...

[eldog]

Housing in provincial centres is generally far more affordable. But, you need to have employment. And that is as big a problem as the issue of house prices...

+1 - You put it much clearer than I did.

Something to do/make/supply/use = business
Employment
Skills required
housing etc.

Apart from births/living/deaths and taxes which are fixed - I don't see a silver bullet to fix all.

Passed through a lot of places recently - saw lack of employment - also saw some affluent looking areas - Wanganui is a case in point

I know there are a lot of rural people still facing the wall.

My work is always reliant on others, its always been a 1 week till the next type of arrangement. Sometimes feast sometimes famine.

We try and make the most of what we have - often means we go without for the business to survive

We always try and use the best we can afford - we know in the long run it will service us well.


I would be lost without my work and the mbike.

[Zedder]

Housing in provincial centres is generally far more affordable. But, you need to have employment. And that is as big a problem as the issue of house prices...

Yep, I agree.

[Zedder]

+1 - You put it much clearer than I did.

Something to do/make/supply/use = business
Employment
Skills required
housing etc.

Apart from births/living/deaths and taxes which are fixed - I don't see a silver bullet to fix all.

Passed through a lot of places recently - saw lack of employment - also saw some affluent looking areas - Wanganui is a case in point

I know there are a lot of rural people still facing the wall.

My work is always reliant on others, its always been a 1 week till the next type of arrangement. Sometimes feast sometimes famine.

We try and make the most of what we have - often means we go without for the business to survive

We always try and use the best we can afford - we know in the long run it will service us well.


I would be lost without my work and the mbike.

Very good post there, good attitude.