House prices up $166,000 in 12 months
| # | Post |
|---|---|
| 1 | Crazy. pcle - 2021-08-13 11:07:00 |
| 2 | pcle wrote:
Its called inflation. A kitchen alone can cost $100k to $150k, nothing cheap anymore in New Zealand, get used to it: ian1990 - 2021-08-13 13:03:00 |
| 3 | The whole thing is utterly ridiculous and I fear so far out of control it’s too broken to ever wind back unless there was some sort of catastrophic global crash. And this ‘transformational’ govt has made things worse - heaven help us and especially our kids. What kind of F***** up world did I bring them into? Edited by lakeview3 at 1:14 pm, Fri 13 Aug lakeview3 - 2021-08-13 13:13:00 |
| 4 | ian1990 wrote: If we could just buy a simple home with bare floors, no insulation, heatpumps, double glazing, rangehoods, ensuites, double garage, ,... like the homes "back in the day they wouldn't be so expensive maddie44 - 2021-08-13 13:42:00 |
| 5 | maddie44 wrote: there’s a company down here building good looking transportables just like that. I don’t know why this country isn’t pumping them out I really can’t understand it. https://exeterhomes.co.nz/the-family-of-exeter-homes/ Edited by lakeview3 at 1:47 pm, Fri 13 Aug lakeview3 - 2021-08-13 13:45:00 |
| 6 | lakeview3 wrote: If they are building them just like that they aren't up to current building codes and wouldn't meet the healthy homes guidelines Edited by maddie44 at 1:48 pm, Fri 13 Aug maddie44 - 2021-08-13 13:47:00 |
| 7 | maddie44 wrote: well they are as basic as they can be. To be fair you wouldn’t want uninsulated and single glaze, costs you more in electricity later on. lakeview3 - 2021-08-13 13:48:00 |
| 8 | ian1990 wrote: And did all those houses get a new $ 160K kitchen? sparkychap - 2021-08-13 13:50:00 |
| 9 | Maddie is correct, too much compliance these days, years gone buy you could do most the work yourselves, now u need all these tickets to do most of the work. People expect too much and the government's support this. It will not change now,. Gone is the number8 wire kiwi. We are a low wage economy and getting lower by the day with the government spending as it is. Get used to it, golden days of ownership are going, like lots of other countries, bought on by united nations controls. msigg - 2021-08-13 13:56:00 |
| 10 | lakeview3 wrote:
Good idea... but first find yourself a city council who will let you plonk one of these on your bit of land ?? onl_148 - 2021-08-13 14:02:00 |
| 11 | onl_148 wrote: exactly. Too many self centred bureaucrats with their fingers in the pie or clipping the ticket. lakeview3 - 2021-08-13 14:50:00 |
| 12 | Everyone expected a 'quick fix'. Ain't gonna happen. Banks do not like loosing money - mortagee sales are not going to be high on their list. They will negotiate with borrowers who are in difficulty - not to make it easier for the borrower, but to ensure that they do not have houses being sold for less than they are owe, the borrower still being responsible for the balance which they are unable to pay and then applying for bankruptcy. End result Bank has loss. brouser3 - 2021-08-13 15:19:00 |
| 13 | msigg wrote:
It is because there was too much dodgy work carried out by unqualified people. tygertung - 2021-08-13 16:29:00 |
| 14 | tygertung wrote: maddie44 - 2021-08-13 16:31:00 |
| 15 | The member deleted this message. gunna-1 - 2021-08-13 16:33:00 |
| 16 | brouser3 wrote:
As long as the mortgage keeps being paid then the bank won't care that it's technically in negative equity. Will suck for the owners if they decided they want to move or sell up though. Won't be able to. Edited by loose.unit8 at 4:36 pm, Fri 13 Aug loose.unit8 - 2021-08-13 16:35:00 |
| 17 | I was actually in this situation just after we bought our first house. In about 2008-2009ish when house prices last dropped - around 10%. That was when deposits only needed to be 5% loose.unit8 - 2021-08-13 16:51:00 |
| 18 | This message was deleted. gunna-1 - 2021-08-13 16:56:00 |
| 19 | tygertung wrote:
You don'tnt need to be unqualified to build leaky buildings. marte - 2021-08-13 20:25:00 |
| 20 | ian1990 wrote:
Look at what kitchens are made of . rodeorunch - 2021-08-13 21:04:00 |
| 21 | maddie44 wrote:
No, but it is why more building works are restricted to qualified tradesmen/women now. tygertung - 2021-08-13 21:19:00 |
| 22 | tygertung wrote: Not sure I agree with that either, more just a way for places to extract more money from people and supply a crap load of jobs to pen pushers who tick boxes. . Money for training, money for certificates.... Edited by maddie44 at 10:34 pm, Fri 13 Aug maddie44 - 2021-08-13 22:22:00 |
| 23 | ian1990 wrote:
Im sure a kitchen can cost that much but it needn't! heather902 - 2021-08-14 10:42:00 |
| 24 | tygertung wrote: Give me a break. I stopped building after 40 years when the system demanded that builders have a license. Never a problem with any houses I built, but look how many have failed since. Yes, all built by qualified architects, engineers, construction companies and all signed off by qualified building inspectors. These are apartment blocks, schools, prisons, council offices and government buildings and the rest. mulch_king - 2021-08-14 11:50:00 |
| 25 | The member deleted this message. gunna-1 - 2021-08-14 14:03:00 |
| 26 | onl_148 wrote:
Or even finding a bit of land in the first place. joanie04 - 2021-08-14 15:03:00 |
| 27 | joanie04 wrote: Some don't seem to understand that in many cases the land cost is higher than the cost of building. A transportable home is a saving but not the answer. maddie44 - 2021-08-14 15:49:00 |
| 28 | lakeview3 wrote:
I think its called rampant capitalism and the entire building, real estate industry and local govt being full of ticket clippers and yet liability dodgers at the same time. franc123 - 2021-08-14 23:17:00 |
| 29 | maddie44 wrote:
And not everyone is equipped to handle the preparation of their site, the building consent (which may require engineering and other consents) and the services connections or finishing works councils will require. hers.nz - 2021-08-15 15:41:00 |
