Rising house prices and what can the Government do
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1 | Did the Finance Minister write to RBNZ ? aklreels - 2020-11-25 18:03:00 |
2 | It’s a bit rough on RBNZ - successive governments have done nothing to reduce housing affordability issues, and RBNZ cops the blame. sparkychap - 2020-11-25 18:09:00 |
3 | Build prefabs .build your own house help house price crash arrive. Edited by sadmuddle at 10:44 pm, Wed 25 Nov sadmuddle - 2020-11-25 22:44:00 |
4 | Government and councils should just get out of the way and stop trying to control the market. masturbidder - 2020-11-25 22:53:00 |
5 | Can the government start a new ministry, maybe the "Ministry of Works" and employ their own builders etc. and start building a lot of houses with no profit margin? tygertung - 2020-11-26 06:59:00 |
6 | sparkychap wrote: Successive Governments have been the cause of skyrocketing costs and rents. But let's just blame landlords - that's good for at least 2-3 terms. pcle - 2020-11-26 07:50:00 |
7 | tygertung wrote: Anything the Government can do for $100 the private sector can do for $1. pcle - 2020-11-26 07:51:00 |
8 | tygertung wrote:
Stealing capacity from private construction won't help, especially when government cannot do anything more efficiently than private business. That will end up with less houses built overall. All government has to do is set up an environment (i.e. regulations, incentives etc) which encourages business to build what they want for them. loose.unit8 - 2020-11-26 07:57:00 |
9 | It wouldn't be stealing capacity from the private sector, as the private sector would still be doing their own work. The government could hire builders (not building companies) and train heaps of apprentices. People looking for work on the dole could be offered apprenticeships in building, plumbing, electrical etc. With regard to setting up an environment (i.e. regulations, incentives etc) which encourages business to build, well they tried that in the 90s, but it lead to issues with the quality of the houses being built. tygertung - 2020-11-26 09:40:00 |
10 | tygertung wrote: bryalea - 2020-11-26 10:28:00 |
11 | sadmuddle wrote:
Lots of state and railway houses still standing. amasser - 2020-11-26 10:44:00 |
12 | tygertung wrote:
So you think there are heaps of unemployed tradies (and materials) and designers and architects etc etc just sitting around waiting for this government work? The government would need to steal all of them away from private business (this is one of the many, many issues with kiwibuild). Apprentices can't build houses on their own. What you're talking about would take 15+ years to set up before it was in a position where it wasn't stealing capacity off private business and even then it wouldn't be able to do it any better than private business could. Edited by loose.unit8 at 11:14 am, Thu 26 Nov loose.unit8 - 2020-11-26 11:12:00 |
13 | loose.unit8 wrote:
Well maybe it should have been set up 15+ years ago, but why not start now? At least then in 15 years the scheme will be all going full power. Then also the scheme doesn't need to make a profit, like the private enterprise does. The scheme could build lots of state houses for example, or houses for first time home buyers who can't even afford to buy a run down ancient house now. Edited by tygertung at 12:13 pm, Thu 26 Nov tygertung - 2020-11-26 12:11:00 |
14 | bryalea wrote:
Sounds good to me. Most people on the dole actually want to work, there is a small minority who don't, but you can't get away from that. tygertung - 2020-11-26 12:14:00 |
15 | tygertung wrote:
Why not start now? Because the government wouldn't be able to do it any better than private business could and setting up regulations and incentives (etc) to encourage private business to do it, essentially costs the taxpayer nothing. loose.unit8 - 2020-11-26 12:35:00 |
16 | J Collins, on TV, oh NZ housing How would she address this aklreels - 2020-11-26 12:46:00 |
17 | Only two things will work. 3tomany - 2020-11-26 12:55:00 |
18 | 3tomany wrote:
#2 would help immediately Increase allowable density in city plans. loose.unit8 - 2020-11-26 13:14:00 |
19 | loose.unit8 wrote:
They did that back in the 90s, went real bad. Now there is a problem with a large number of houses. tygertung - 2020-11-26 15:55:00 |
20 | What if the government removes the requirement to get a resource consent and building permit, and remove the restrictions on who can carry out building works? That might get more houses built more quickly. tygertung - 2020-11-26 16:35:00 |
21 | tygertung wrote: yeah and they’ll be shit and fall apart in 10 years time (just after any implied warranty has expired) sparkychap - 2020-11-26 16:37:00 |
22 | sparkychap wrote: If houses are factory precut with good materials and are all exactly the same they will last forever. sadmuddle - 2020-11-26 16:47:00 |
23 | tygertung wrote:
So change different regulations loose.unit8 - 2020-11-26 16:57:00 |
24 | sadmuddle wrote:
Or they will all have the same faults loose.unit8 - 2020-11-26 16:57:00 |
25 | These building standards are PC gone mad. If the government were to remove all building standards, more houses may be built in a quicker time. tygertung - 2020-11-26 17:10:00 |
26 | loose.unit8 wrote: Prefabs built in the UK during the war or after are still around .Builders here from the UK say nothing can happen to them unless scrapped . Not much can go wrong with a 2.5 bedroom house.It seems to me do this or move to Australia. sadmuddle - 2020-11-26 17:24:00 |
27 | I know its probably controversial but trailer park type communities. Done right doesnt need to be trashy. In the uk a lot of elderly have moved into these freeing up houses. Could be set up relatively quickly. tigerbaytrading - 2020-11-26 17:38:00 |
28 | There will be a price correction at the end of March if enough people on the mortgage holiday are not able to resume payments. cassina1 - 2020-11-26 17:38:00 |
29 | tigerbaytrading wrote: cassina1 - 2020-11-26 17:40:00 |
30 | What we need is more rectangular houses. If we could have rectangular houses with a simple roof, they would be quick, easy and cheap to build. tygertung - 2020-11-26 17:53:00 |
31 | cassina1 wrote: You'll be devastated to know that the vast majority of those on payment deferral scheme have now returned to normal payments and won't be facing financial ruin. sparkychap - 2020-11-26 18:15:00 |
32 | bryalea wrote: Sounds like a good idea - some of them will then have to 'up their game' to produce a piece of work up to spec and not only learn a trade, but know if they don't do the work properly, sooner or later it will come back to kick them in the a..... not some innocent punter who has paid them good money to do something. brouser3 - 2020-11-26 22:03:00 |
33 | cassina1 wrote: It's not a holiday. Just a deferral. All that interest has just been compounded onto the bill. Banks aren't into losing money. pcle - 2020-11-27 07:43:00 |
34 | This is the sort of thing we need more of: apollo11 - 2020-11-27 07:58:00 |
35 | tygertung wrote: Lots of new builds going on with high price tags that are either a basic 'lean to' or a number of basic gable shaped structures joined together with an outdoor enclosed corridor or beeezeway. Next to a tent, what can be more simple than that. brouser3 - 2020-11-27 08:05:00 |
36 | sparkychap wrote: gilligee - 2020-11-27 08:54:00 |
37 | gilligee wrote: Any normal person would think so... sparkychap - 2020-11-27 09:19:00 |
38 | I'm all for big estates of cookie cutter / basic houses, made to a formula and a price... but of course I would not want this estate in the same street / suburb as my house.. I'm banking on the area I live in to remain "exclusive", so the resale values will remain high, so when I come to sell up, I will have some money in the bank for my retirement, because my entire "retirement plan" is based on getting The Super and capital gain on my house !!! onl_148 - 2020-11-27 11:49:00 |
39 | sparkychap wrote:
No different to now lol. Councils are the first ones to dodge liability when work/materials they have approved don't go the distance. franc123 - 2020-11-28 00:32:00 |
40 | You were able to design and build your own house using the 'Simple House Acceptable Solution', which specified low risk design elements such as wide eaves, lightweight roofing materials, limited choices of cladding etc. But I see that it has been revoked due to lack of interest. apollo11 - 2020-11-28 01:06:00 |
41 | Extract from Stuff Hah...see who are buying. aklreels - 2020-11-29 11:22:00 |
42 | aklreels wrote: so 82% of buyers aren't investors. It's those crazy first home buyers pushing prices up yet again! pcle - 2020-11-29 11:39:00 |
43 | pcle wrote: thats not what the RBNZ said, if you read it carefully. sparkychap - 2020-11-29 12:04:00 |
44 | Cheaper to move a relocatable house (160 sqm) like we did this year. Although we did already had the land which we have got 18 months left to pay on that has no covenancies. Water at the gate we had put in a septic tank, install power, rewire the house and install a wood burner. All up the house to get it compliant approx $160k. The inside still needes decorating to do over time. I know land isnt cheap but there no way we were going to let a building company make $200k at least out of us. We both drive from Featherston over Rimutakas hill (40 mins) to work. And we were still able to keep our 2 bedroom house in Upper Hutt brought back in 1989 and bring up 4 kids We are both in our early 50s. The house is Featherston is freehold on 6400 sqm. Edited by swinn123 at 2:20 pm, Sun 29 Nov swinn123 - 2020-11-29 14:19:00 |
45 | sparkychap wrote: cassina1 - 2020-11-29 23:03:00 |
46 | pcle wrote: cassina1 - 2020-11-29 23:06:00 |
47 | cassina1 wrote: Presumably you mean this press release where they pledge to help affected home owners: “We know that the coming months are going to be challenging for some and that there are tough conversations still ahead of us. However, our commitment is to work with every customer to keep them in their home," Sure, there will be some pain for some home owners but: 1: most people are back on track with normal payments Sure there's always risk to this, and a significant national lockdown could impact this, but I'm looking at a range of data and the outlook is optimistic. sparkychap - 2020-11-30 08:15:00 |
48 | This message was deleted. gunna-1 - 2020-11-30 08:40:00 |
49 | gunna-1 wrote:
The census reports on vacant dwellings (at census time) and there are a lot. Stats gives some detail as to probably why. How many are left to be taxed after these are removed - baches, holiday locations, occupiers away, under reno, waiting for tenants / new owners / demolition, unable to be rented out as they don't meet the new standards, no decent tenants available, no demand for rentals .... I reckon 7 or 8. artemis - 2020-11-30 08:55:00 |
50 | gunna-1 wrote:
Sounds good to me. tygertung - 2020-11-30 13:30:00 |