Better get in quick and buy now.

ash4561 - 2020-12-17 17:38:00

Which will ensure the prediction comes true.

Alternative is not to buy now, which would tend to depress house prices.

tony9 - 2020-12-17 17:43:00

Well, printing all that money and dishing it out as government handouts, and nothing is produced in return for it will mean : more money is chasing less products , = inflation .... so tying your money up in property is probably not a silly way to inflationprove your money . “Making money on it” , probably not????. If house prices go up, all it means , is that your money is loosing it’s purchasing power

argentum47 - 2020-12-17 18:51:00

I sold my lovely new car in 1970 for $3000 as a deposit on a house.
I sold that house and bought another. Sold that and bought another two. They are now worth $3 million. I think I made the right decisions!

trade4us2 - 2020-12-17 19:08:00

trade4us2 wrote:

I sold my lovely new car in 1970 for $3000 as a deposit on a house.
I sold that house and bought another. Sold that and bought another two. They are now worth $3 million. I think I made the right decisions!

you certainly made the right decision to be old enough to buy a house in 1970

lakeview3 - 2020-12-17 19:29:00

trade4us2 wrote:

I sold my lovely new car in 1970 for $3000 as a deposit on a house.
I sold that house and bought another. Sold that and bought another two. They are now worth $3 million. I think I made the right decisions!

. Just make sure you don’t end up beeing the richest man in the graveyard,,,,,,,???? Don’t forget to enjoy it $ too ???? otherwise all those smart moves you made don’t count for much ????

argentum47 - 2020-12-18 00:38:00

argentum47 wrote:

. Just make sure you don’t end up beeing the richest man in the graveyard,,,,,,,???? Don’t forget to enjoy it $ too ???? otherwise all those smart moves you made don’t count for much ????

Once you have enough cash to walk in and buy the most expensive car in the car yard.
Buying the most expensive car in the car yard dosn't interest you as much as it once did.

marte - 2020-12-18 03:02:00

Yes marte you are correct, balance is the key, save some and spend some, hard to get right, enjoy your life it is shorter than you think. each to their own.

msigg - 2020-12-18 06:19:00

Rents going up too..
It's only fair & kind.

pcle - 2020-12-18 07:55:00

argentum47 wrote:

. Just make sure you don’t end up beeing the richest man in the graveyard,,,,,,,???? Don’t forget to enjoy it $ too ???? otherwise all those smart moves you made don’t count for much ????

I am enjoying watching the Americas Cup from my deck.
I am building a nice platform up the back of the house so I can see better
https://trademe.tmcdn.co.nz/photoserver/full/1454600441.jpg

trade4us2 - 2020-12-18 14:00:00

Its a strange world, see what is in NZ Herald today.
"Data from the Ministry of Social Development shows that in September this year, there were 49,403 people receiving the accommodation supplement for their own homes."

aklreels - 2020-12-18 15:31:00

Capitalists just love labour Governments.....

horsygirl - 2020-12-18 16:27:00

trade4us2 wrote:

I am enjoying watching the Americas Cup from my deck.
I am building a nice platform up the back of the house so I can see better
https://trademe.tmcdn.co.nz/photoserver/full/1454600441.jpg[
/quote]

Thats ok but 1970 were nice model cars. What was it?

ash4561 - 2020-12-18 23:20:00

Property values track at 10% year on year. Recalling the doom mongers saying the property market was going to crash. Really, we are waiting.

market1 - 2020-12-19 03:14:00

horsygirl wrote:

Capitalists just love labour Governments.....

There's a lot of truth in that.

artemis - 2020-12-19 06:48:00

ash4561 wrote:

Thats ok but 1970 were nice model cars. What was it?

It was a 1970 Fiat 125. It would be all rusty now and worth nothing.

trade4us2 - 2020-12-19 09:34:00

I saw a Westpac Economist saying there is no inflation at the moment, therefore interest rates will stay low for a while. The net result for me is, sell the small back paddock that is annexed from the rest of farm, survey off a spare house that is on the far corner of another property and see what happens.

laurelanne - 2020-12-19 09:55:00

This message was deleted.

kiwilandchch - 2021-01-02 13:16:00

horsygirl wrote:

Capitalists just love labour Governments.....

Yup, I have always made much more dollars under a labour govmt. They seem to work very hard to enrich the National voters.

ebygum1 - 2021-01-02 18:08:00

House prices go up because quotation NZ(or whatever they are called) are obliged to value property every three years at the highest comparable property sale they can find. If they were obliged to value property at the value of the lowest comparable property that sold in your area.. I reckon values would go down.

mechnificent - 2021-01-02 19:15:00

Of course we'd want to stop foreigners coming here and buying up all the world's cheap property.. but that would be a good idea anyway..

mechnificent - 2021-01-02 19:17:00

mechnificent wrote:

House prices go up because quotation NZ(or whatever they are called) are obliged to value property every three years at the highest comparable property sale they can find. If they were obliged to value property at the value of the lowest comparable property that sold in your area.. I reckon values would go down.

But most properties are selling for way over the rv's.

apollo11 - 2021-01-02 20:08:00

Yeah of course, because it's guaranteed that values are going to go up... If values were guaranteed to go down(which is an extreme reversal in policy), values would stall..

Govt dictates values rise, and so they do.

mechnificent - 2021-01-02 20:14:00

mechnificent wrote:

House prices go up because quotation NZ(or whatever they are called) are obliged to value property every three years at the highest comparable property sale they can find. If they were obliged to value property at the value of the lowest comparable property that sold in your area.. I reckon values would go down.

Codswollop.

carstauranga001 - 2021-01-02 20:16:00

mechnificent wrote:

Yeah of course, because it's guaranteed that values are going to go up... If values were guaranteed to go down(which is an extreme reversal in policy), values would stall..

Govt dictates values rise, and so they do.

The only way that will happen is if the population markedly decreases. We can't build our way out of this problem because the cost to build is too high, we don't have the land and infrastructure and we have too much bureaucracy.

apollo11 - 2021-01-02 20:19:00

In NZ's early days they bought in land rates as a way of discouraging land speculators buying up and sitting on vast expanses of land. Other countries had a "head tax" to raise govt revenue.. Now it's having all the wrong effect..

mechnificent - 2021-01-02 20:21:00

apollo11 wrote:

The only way that will happen is if the population markedly decreases. We can't build our way out of this problem because the cost to build is too high, we don't have the land and infrastructure and we have too much bureaucracy.

Yes - the building cost is to high, the infrastructure for medium to high density occupation is not in place and the bureacuracy is tied up in so much red tape ..... however we actually do have the land, just a shame that the owners are unable to sell it in lot sizes that are practicable for most people because of all the just mentioned reasons.

brouser3 - 2021-01-02 20:45:00

carstauranga001 wrote:

Codswollop.

Er,, Yeah ok. Good to hear another opinion.

mechnificent - 2021-01-02 20:53:00

Preferably an intelligent one.

mechnificent - 2021-01-02 20:54:00

mechnificent wrote:

Er,, Yeah ok. Good to hear another opinion.

a sane one.

sparkychap - 2021-01-02 21:02:00

sparkychap wrote:

a sane one.

Well that rules my opinion out.

apollo11 - 2021-01-02 21:07:00

The banks and the government need house prices to rise as this is the only thing keeping the economy going, people end up with more equity and take that money out and spend it on real products.

loud_37 - 2021-01-02 21:22:00

Sounds like a pyramid scheme to me..

mechnificent - 2021-01-02 21:27:00

and because rates are a percentage of the RV councils want prices to increase as well as it means more money for them. Also insurance companies love it as well.

loud_37 - 2021-01-02 21:29:00

I blame the banks.

apollo11 - 2021-01-02 21:33:00

No loud. It doesn't work like that. Councils charge us what they need, and proportion it out according to property values.. They don't charge more because values have gone up.

mechnificent - 2021-01-02 21:37:00

loud_37 wrote:

and because rates are a percentage of the RV councils want prices to increase as well as it means more money for them. Also insurance companies love it as well.

untrue.

sparkychap - 2021-01-02 21:47:00

mechnificent wrote:

No loud. It doesn't work like that. Councils charge us what they need, and proportion it out according to property values.. They don't charge more because values have gone up.

So how does it work as you just said 'its proportion out according to property values' so doesn't this mean if property goes up so does your rates?

loud_37 - 2021-01-02 22:10:00

No Loud.

The councils work out how much they need for the year, then they rate everyone in proportion to how much their property is worth in comparison to everyone else's. The amount the council takes in is only what they've calculated it needs. If you have a valuable property you pay more though than someone with a lesser valuable property.

Edited by mechnificent at 10:25 pm, Sat 2 Jan

mechnificent - 2021-01-02 22:20:00

mechnificent wrote:

No loud. It doesn't work like that. Councils charge us what they need, and proportion it out according to property values.. They don't charge more because values have gone up.

No, they sit around discussing things they could do to justify their being there in the first place, while drawing a inflated income to pay their own bills.
Once they come up with a idea on how to spend other people's money on their behalf, whether they like it, or need it, or not. They then use as much time as possible efficiently to sell the idea to the public, that don't get a say in it anyway.
Then water it down till the point of near unusability while it maintains the illusion of what it was sold as so as to be able to say that "we saved money doing this' ( while still drawing ratepayers $$ to do this, offsetting the savings but justifying the expense, though negating the point of the objective in the first place )
While leaving ends open for further future work being needed without mentioning it, knowing that that's going to give them a task to get involved in 'fixing' sometime in the near future but not in a near enough budget.to be held immediately accountable.

Think Pike river mine, numerous roading roundabouts, tall spires & coffee machines, footpaths that don't need fixing.

marte - 2021-01-02 22:26:00

Valuable properties pay a bigger SHARE than less valuable properties.. But the council still gets the same amount.

mechnificent - 2021-01-02 22:27:00

Lol,, Yeah ok Marte... I won't disagree..

Edited by mechnificent at 10:30 pm, Sat 2 Jan

mechnificent - 2021-01-02 22:28:00

mechnificent wrote:

Valuable properties pay a bigger SHARE than less valuable properties.. But the council still gets the same amount.

Councils always need more money they have no incentive to save money or get a good deal on things, so as I see it rates do go up as a percentage of property values.

loud_37 - 2021-01-02 22:34:00

Yup well you will have to see it how you see it then Loud..

mechnificent - 2021-01-02 22:40:00

I don't mind explaining, but I'm not here to convince you.

mechnificent - 2021-01-02 22:41:00

loud_37 wrote:

Councils always need more money they have no incentive to save money or get a good deal on things, so as I see it rates do go up as a percentage of property values.

you’re conflating two issues - how councils determine how much to spend (too much) and how they allocate that “too much” between rate payers.

sparkychap - 2021-01-02 22:59:00

Just bought last month Gone up 15 k

howard24 - 2021-01-12 08:30:00

I thought Comrade Clueless was going to fix the rising house prices - you know, the 10,000 new "affordable" Labour is building every year.
I haven't heard too much about that lately, she must be too busy building the new pipe line from Marsden Point, fast rail between Auckland/Hamilton/Tauranga, light rail from Auckland CBD to the airport, tram system on Dominion Road ........... and the list goes on

neell - 2021-01-12 08:50:00

Subdivisions popping up everywhere in the Wairarapa. Roads and shops just seem to be getting more and more crowded. Building supplies have had a massive increase over the last few years, almost double for some products. I can't see house prices going down- unless the entire economy goes down in flames and there is massive unemployment (a possibility).

apollo11 - 2021-01-12 08:59:00

marte wrote:

Once you have enough cash to walk in and buy the most expensive car in the car yard.
Buying the most expensive car in the car yard dosn't interest you as much as it once did.

True that.
It is a reassuring feeling to wander into Giltrap's showroom looking at the top-end cars and think 'I could buy one of those and another for the missus if we wanted' then say 'nah, how to fit in sheets of Gib?' and get back in the van.

masturbidder - 2021-01-12 09:21:00