Why housing costs are so ridiculously high

[Voltaire]

it

Another view of the cost of housing.

http://www.nzherald.co.nz/opinion/ne...ectid=11482648

I suppose back the olden days a bank was where savers put money and then once banks had enough the could lend some out at a margin.

I doubt they get much in the way of savings these days,

As for everyone bleating on about " racism" every time you say Chinese are buying lots of property...that's pathetic.

There are now millions of wealthy Chinese and they are getting it out of China, buying property all over the world. We'd probably do it too in the same circumstances.

We're a soft touch as anyone can buy property here, and amazingly they were not even tracking it ( they say) up till recently.

China wont let non residents buy property, and that applies to non residents from other states/provinces, its just common sense to avoid what's happening in Auckland

The rest of the country may say who cares about Auckland but that might change when Aucklander's start buying up Hamilton and Towelronger ( its probably already happening)

As for Health and Safety pushing up the prices, as a former climber up triple extension ladders and working of roofs great that that's no longer acceptable.

However getting a bill for $650 for two guys to go up a 3 metre ladder to isolate a Fan Coil Unit heater is hard to explain to the Client.

[Woodman]

My house needs painting. Its 2 storey with a high peaked roof on a hill.

Was asking a guy in the trade what it would cost to paint, and he advised that I do it myself because the scaffolding that the painters will have to use will cost shitloads. If I do it myself then I can take all the risks I want

[Voltaire]

My house needs painting. Its 2 storey with a high peaked roof on a hill.

Was asking a guy in the trade what it would cost to paint, and he advised that I do it myself because the scaffolding that the painters will have to use will cost shitloads. If I do it myself then I can take all the risks I want

There is an idea, make SWMS and Permit to Works part of doing DIY at home

Bunnings/Mitre 10 could do a Course and issues with a " Homesafe Card", which you would need to do any works on your house.

Probably about 5-10 years away from that happening.

[Ocean1]

So .. what is a human life worth and how much are we prepared to spend saving one ???

http://www.stuff.co.nz/the-press/bus...deaths-by-2018

Depends who you ask. Your life? Who's prerogative should it be to price that?

Not the point, though, you bounced right off that. The point is the cost of NZ housing, and associated angst, blame, conspiracy theories etc etc.

And what we're seeing is that the reason house prices are higher than historical figures is that the cost of today's houses includes a lot more than our parents paid for. Primarily double the quantity of house to start with. And a fit-out that would make Lyn of Tawa blush. And the cost of work-related safety.

The OTT safety thing stands out from other increases, though, because not only is it an item the client doesn't necessarily want to pay for but it's an item the supplier often doesn't want to supply either. But, see, ACC didn't bother to check with us if paying for our fuckups automatically gave them the right to dictate how we behave. So does it?

Now, if you want to talk about who decides the price of a life there's a beginning for you. In the meantime you don't get to bitch about the price of housing AND decide that no price is too much to pay to attempt to make the builder safe. Was a time the price was agreed without question between the two parties involved. There's still no reason to involve anyone else in that agreement.

[jasonu]

It's completely conditional. If you:

1. Earn less than 6 figures a year because you don't work hard enough
2. Have mental health issues
3. Suffer from a disease viewed as self-inlficted or easily avoided if you just had more willpower
4. Ride a motorcycle
5. Are a pensioner
6. Are a beneficiary of any kind
7. Disabled
.

8. Brown..

[pete376403]

My house needs painting. Its 2 storey with a high peaked roof on a hill.

Was asking a guy in the trade what it would cost to paint, and he advised that I do it myself because the scaffolding that the painters will have to use will cost shitloads. If I do it myself then I can take all the risks I want

Not sure if that is correct. My son is building his own house and was shut down by worksafe because he was not using approved scaffolding

[Ocean1]

Another view of the cost of housing.

http://www.nzherald.co.nz/opinion/ne...ectid=11482648

it

I suppose back the olden days a bank was where savers put money and then once banks had enough the could lend some out at a margin.

I doubt they get much in the way of savings these days.

Yeah. But fractional rate banking has been around for much longer than the current housing price boom.

And in fact almost all of the "created" money outside of that 17% reserve goes into residential mortgage finance. So by all means blame the banks, but without fractional reserve systems 73% of you wouldn't own your houses.

I notice the article claims new subdivisions aren't the answer to housing price rises. Which is bullshit, if you're serious about house prices then you weed out all of the parasitic costs that've attached themselves to the largest flow of money in the economy and you flick the fuckers to touch. And when new homes are available for the actual cost to supply them then existing house prices will plummet.

[FJRider]

... its just common sense to avoid what's happening in Auckland

The rest of the country may say who cares about Auckland but that might change when Aucklander's start buying up Hamilton and Towelronger ( its probably already happening)

A very large portion of Queenstown is foreign owned.



It is definitly not just an Auckland issue. It's just Aucklanders whinge more ...


And the Chinese are unlikely to ship the property they've bought ... back to China.

The reason they bought it ... is ...

1: Because they CAN ...

2: Because they can afford it ...

3: Because it is legal.

[eldog]

A very large portion of Queenstown is foreign owned.



It is definitly not just an Auckland issue. It's just Aucklanders whinge more ...


And the Chinese are unlikely to ship the property they've bought ... back to China.

The reason they bought it ... is ...

1: Because they CAN ...

2: Because they can afford it ...

3: Because it is legal.

4: They realise it will always hold its value - smart buggers

5: Land ownership is a sign of prestige

6: Can and will generate income via rent

I guess buyers of Queenstown property because it was better than Paradise (full of trendy caravan/mbike owners)

[FJRider]

... I guess buyers of Queenstown property because it was better than Paradise (full of trendy caravan/mbike owners)

It's only half an hour away from Paradise (on a motorbike) ...

The KIWI's they buy the property FROM ... have NEVER complained about the high prices they were paid ... in ANY area. (funny that)

[jonbuoy]

4: They realise it will always hold its value - smart buggers

5: Land ownership is a sign of prestige

6: Can and will generate income via rent

I guess buyers of Queenstown property because it was better than Paradise (full of trendy caravan/mbike owners)

It will always hold "A" value but maybe not as much as you once paid for it.

[Voltaire]

A very large portion of Queenstown is foreign owned.



It is definitly not just an Auckland issue. It's just Aucklanders whinge more ...


And the Chinese are unlikely to ship the property they've bought ... back to China.

The reason they bought it ... is ...

1: Because they CAN ...

2: Because they can afford it ...

3: Because it is legal.

I wish I had a good as grasp of economics as you.

[swarfie]

The rest of the country may say who cares about Auckland but that might change when Aucklander's start buying up Hamilton and Towelronger ( its probably already happening.

Big full page feature in this mornings Waikato Times stating that something like 40% of all house sales in North Waikato (includes Cambridge, Te Awamutu, Hamilton, Ngaruawahia, and Huntly) are being sold to Auckland buyers whether they be first home buyers or investors. Yep it's already happening and has for some time now.

[Berries]

................. are being sold to Auckland buyers whether they be first home buyers or investors.

That is outright placeist reporting.

[Voltaire]

That is outright placeist reporting.

I'll only believe it when the official list is leaked from those thieving ticket clipping Real Estate agents.

They need to build more Bunning's so I can sell up and move to the provinces an get a job.

I'd be that old bloke in Hardware.