| 51 | 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. This is true. 3tomany - 2021-01-12 10:40:00 |
| 52 | loud_37 wrote:
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? If your theory is correct then at the next valuation, rates are going to increase 30-50%. Don't panic as this will not happen. 3tomany - 2021-01-12 10:44:00 |
| 53 | Councils don't charge what they need, they charge what they want. |
| 54 | apollo11 wrote:
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). If they do finally decide to intervene, raising interest rates is probably the easiest way. Will affect the economy but I can't see it going down in flames. |
| 55 | masturbidder wrote:
Councils don't charge what they need, they charge what they want.
They charge what they think they can get away with. They know that if they slap too big a rates increase on us we get angry and vote them out. apollo11 - 2021-01-12 11:37:00 |
| 56 | My rate bill has tripled in the last 22 years, nothing else has, wages have not kept up with rates.
But it's always a 7-14 % rates rise, it's never lower & it's way out of proportion to anything else. Take into account that there's more houses etc to get rates from too.
And then look at their huge wasteful expenditures, you can just take a quick look around & see where they have wasted Million$ of $$ on really stupid shit.
The Council's seem to be more interested in arranging reach other in the back in a way to gain publicity or to stay in their job or to advance themselves.
Then after that, the Council brings in even more 'Outside Consultants' at $250,000 a year each, to produce even more paperwork & costs to the ratepayer. Just on my street, they ripped up the footpath & driveways o_ one side of the street, so they could replace it, while both sides are in the same condition, which seems far superior to other city's, then ripped up & redid several driveways & footpaths again, because they broke pipes & such doing it in the first place. Several driveways were only a few years old too. At the end of the street, they spent nearly a million $ building a walkway across a stream, then afterwards cleared the grass around the stream, to find a existing walkway less than 50m away... Approved pulling down a whole block of buildings for a company to develop, as soon as they were pulled down, the company says it hasn't got enough $$ & " Has to have a Council bailout of $40,000,000 in a 50,000 population is $800 per person, not ratepayer, person, sucks if you are a ratepayer, you are paying for 3-4 other persons at $2800.
And the ratepayer isnt going to get their money back, let along a return on the investment as the 'White Knight' in this situation.
While shops stay empty all around this development. marte - 2021-01-12 18:45:00 |
| 57 | This is Invergiggle? Councils need to concentrate on doing the basic services well, and staying the hell out of everything else. Many councils have become a tumour apon the society that feeds them, to the point of endangering the patient. apollo11 - 2021-01-12 18:52:00 |
| 58 | ash4561 wrote:
Better get in quick and buy now.
Or sit back and wait for interest rates to rise and pick up cheap mortgagee auction houses it is going to happen andrewcg53 - 2021-01-13 18:47:00 |
| 59 | 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. This isn't correct.
If property prices increase 50%, rates don't also increase 50% because of that.
Councils set rates based on their budgeted costs for the forthcoming year. the RV's (generally - there are often some other things in the mix) are used to apportion that total cost across the pool of ratepayers. Rates increase because council budgets increase. pico42 - 2021-01-13 19:24:00 |
| 60 | andrewcg53 wrote:
Or sit back and wait for interest rates to rise and pick up cheap mortgagee auction houses it is going to happen
"cheap mortgagee auction" in your dreams. Investors will snap them up, because it's better than having rapidly devaluing money in the bank. And if things get really bad, the government might just open the door to overseas investors, plenty of Americans and Chinese would be keen to outbid each other. apollo11 - 2021-01-13 19:38:00 |
| 61 | Thanks guys, I'm pretty sure I understand now, I'll admit I was wrong. loud_37 - 2021-01-13 20:24:00 |
| 62 | loud_37 wrote:
Thanks guys, I'm pretty sure I understand now, I'll admit I was wrong.
No one really knows. But with the amount of gross money printing that is being foreseen this year, I'd expect anything worth real value to inflate in price. apollo11 - 2021-01-13 20:49:00 |
| 63 | im in negotiations now over a house, put in an offer, was a multi offer, felt i offered a good price, someone came in over me and offered even better, was a cash buyer also, the vendor said no - we were all shocked, it was only a couple grand short from what he wanted - so it seems vendors now know if they hold out, they will get their price even if its stupid........ now im like do i just give him what he wants and be done or do i keep playing this rollercoaster game trying to get a house - it has really taken a toll on my stress levels thats for sure |
| 64 | Sorry to hear that, it must be bloody stressful. I'm glad not to be selling or buying in this market at present. apollo11 - 2021-01-13 21:36:00 |
| 65 | As stated... most city council, if not all of them, have lost their way and are not sticking to their knitting... roads, rubbish, water & sewage...
The problem is that the "glamour projects" get the mayor & councillors + CEO heaps of brownie points with their mates at the other councils when they all get together for their annual conference... repair 5km of aging sewer pipes does not cut it when compared to building a bright & shiny "white elephant" of a conference centre.
"Oh we have to have a conference centre so we can attract conferences to the town". assuming that any user of the conference centre is paying a fee for the use of it, why can not private enterprise build the conference centre and run it as a business ?? onl_148 - 2021-01-14 09:51:00 |
| 66 | we will be talking to our bank next month to see what we can borrow..we already have a good amount of equity but in saying that I haven't come across anything here in Hamilton (that looks to be in our price range) that I would want to buy...my husband and I dont want to settle on just anything cathi - 2021-01-14 10:11:00 |
| 67 | onl_148 wrote:
As stated... most city council, if not all of them, have lost their way and are not sticking to their knitting... roads, rubbish, water & sewage...
The problem is that the "glamour projects" get the mayor & councillors + CEO heaps of brownie points with their mates at the other councils when they all get together for their annual conference... repair 5km of aging sewer pipes does not cut it when compared to building a bright & shiny "white elephant" of a conference centre. .... Or in the case of Wellington becoming a bilingual city whatever the cost to ratepayers. Who were not asked by the way. It is ridiculous to see new signage everywhere with long Maori names that almost noone understands, and the original name in minor lettering. Meanwhile infrastructure is ignored until it falls apart. Still we keep voting for them. artemis - 2021-01-14 11:06:00 |
| 68 | artemis wrote:
Or in the case of Wellington becoming a bilingual city whatever the cost to ratepayers. Who were not asked by the way. It is ridiculous to see new signage everywhere with long Maori names that almost noone understands, and the original name in minor lettering. Meanwhile infrastructure is ignored until it falls apart. Still we keep voting for them. This one falls in with the "RV paying more rates" myth. The people YOU elect don't run the city.
That is the CEO's job and the underlings. The mayor sits at the top of a large desk and bangs a wooden hammer while wearing chains, sometimes getting a deciding vote.
The others around the table get to voice YOUR concerns and try to cast votes to influence the city's direction.
Once all the supper has been eaten, they pass the info onto the CEO to implement. smallwoods - 2021-01-14 11:19:00 |
| 69 | artemis wrote:
Or in the case of Wellington becoming a bilingual city whatever the cost to ratepayers. Who were not asked by the way. It is ridiculous to see new signage everywhere with long Maori names that almost noone understands, and the original name in minor lettering. Meanwhile infrastructure is ignored until it falls apart. Still we keep voting for them. Kia Ora,
Re your first point; sounds like its time to learn te reo :)
your second: if we as a community want the council to pay attention to their 'knitting' we need to lobby and agitate so that we raise their awareness that their positions are at the behest of us the ratepayers and voters :) I know its a laborious , sometimes boring process but its the only way to make sure they don't take advantage and do their job properly :) upfront1 - 2021-01-14 11:35:00 |
