Rising house prices and what can the Government do
| # | Post |
|---|---|
| 101 | Imagine how many new houses the Govt could have built with the money they spent on the poorly designed wage subsidy. fxx99 - 2020-12-10 11:19:00 |
| 102 | fxx99 wrote: With Labours best man Twyford on the job - probably about 3... pcle - 2020-12-10 13:58:00 |
| 103 | fxx99 wrote:
Not very many. Far less than private business could with the same money. loose.unit8 - 2020-12-10 15:28:00 |
| 104 | Well, to make houses again affordable, maybe they need to take some of the costs out of it ? So let’s abolish the minimum wages for a start, but then who would want to work for less...? Ok let’s abolish the unemployment benefits that should solve that . Next we could abolish the “ health an safety“ requirements, that would bring the price down by about $15,000.00 per home . Jeep it would take a few “ nit wits” out of the population, but at this rate we soon will be putting “safety advice sticker” on Cotten buds ! Mind you. 40-50 years ago we had a lot less safety warnings on things, maybe people where allot smarter way back then ?????.... the more rules and regulations we have , the more expensive it gets to build those houses , it’s as simple as that. Or how about having pre approved house designs. Build on of those ( with a pre approved home builder and you should not have any building fees at all) maybe even do 3 random council spot checks - fail one and builder gets licence suspended for 5 years ( that should keep them honest ) but how much would that safe on the average cost of building a house? There is a lot you can do to bring the cost down - but it ain’t going to happen anytime soon argentum47 - 2020-12-10 16:37:00 |
| 105 | Hundreds of supposedly affordable Kiwibuild home for sale and hundreds more under construction. Very slow to sell, a handful each month. And that is in a hot market. So how much of an issue is 'affordability' really? artemis - 2020-12-10 16:53:00 |
| 106 | Great bumper sticker: pcle - 2020-12-11 11:52:00 |
| 107 | argentum47 wrote:
Put interest rates up loose.unit8 - 2020-12-11 12:29:00 |
| 108 | Stop letting people move into the country. anarot - 2020-12-11 20:19:00 |
| 109 | Just had a conversation with someone who said there are growing numbers of suicides they think are linked to the inability of people to afford rents. Aside from large scale builds which hopefully would not be eyesores later, we could use trailer parks. They have ones that look like little houses that are permanent. That way when the market settles the hell down they can be repurposed for something else, or moved to another location. sweetgurl108 - 2020-12-11 20:45:00 |
| 110 | sweetgurl108 wrote: doesn’t surprise me at all. What is there to live for? Can’t afford a roof over ones head, no dignity in that. I honestly don’t know how some of them afford $500 plus a week in rent. Never mind all the other costs. I feel very sorry for younger generations. I really do. Our governments have ALL failed them. NOTHING has changed. I mean look at this for goodness sake. This country is broken beyond repair and the people we vote for just give us broken promises and self centred sound bites. Edited by lakeview3 at 10:02 pm, Fri 11 Dec lakeview3 - 2020-12-11 21:51:00 |
| 111 | The price of houses is not the problem, it's the price of land. And NZ has plenty of land. trade4us2 - 2020-12-11 23:08:00 |
| 112 | just saw on FB a house on the market a week and sold for over $100k over the sellers asking price..here in Hamilton had 17 written offers....sold for $760k...this was for a 3 bedroom 1 bathroom and single carport..crazy I tell you cathi - 2020-12-11 23:23:00 |
| 113 | Overseas accommodation is often huge apartment blocks housing 100 or more apartments & as many, or more, than 6 identical units in one area. We put 2 people per house, per property & complain that it's unaffordable. marte - 2020-12-12 00:18:00 |
| 114 | anarot wrote:
Migration is currently at a historic low Edited by loose.unit8 at 12:46 am, Sat 12 Dec loose.unit8 - 2020-12-12 00:45:00 |
| 115 | What makes houses expensive are compliance costs . Do away with that and houses would drop in price , unfortunatly All those rules and regulations we have, employ army’s of pen and paper pushers that otherwise would have to look for new jobs ( productive ones would be good) and even if we did that, we can’t have house prices fall ( it’s bad for politicians to get re- elected, and banks don’t like it either because they have lots and lots of money tide up on property, and we can’t let the banks go under if we deflate the house prices ( make them cheaper ) so don’t count on any cheap house prices anytime soon .... unless of course we get a lovely economic crunch to such an extend that we would need to reset the whole economy ( which would mean we dismantle most welfare payments, employment laws and have a “reset “ or let’s call it back to basics..... argentum47 - 2020-12-12 00:57:00 |
| 116 | #114, I think it's the kiwus returning to NZ, some cashed up overseas & are now back, a bit earlier than they wanted to, but now want to buy their kiwi home. #115 Anything that's done to lower the cost of building a house will just lower it's quality while increasing the difference between what it's worth & what gets paid for it. Though removing dead wood from the process would increase quality. marte - 2020-12-12 05:30:00 |
| 117 | marte wrote: mkr_ahearn - 2020-12-12 07:39:00 |
| 118 | Is it easy to get a mortgage straight off the plane? funkydunky - 2020-12-12 07:45:00 |
| 119 | funkydunky wrote: Don't even need to get on the plane, plenty of Kiwis abroad buying property back in NZ. JeffQV has mentioned a record number of enquiries to his team. sparkychap - 2020-12-12 07:55:00 |
| 120 | But don't you have to have secure employment to get a mortgage? funkydunky - 2020-12-12 08:01:00 |
| 121 | funkydunky wrote: Kiwis are allowed to work overseas, you know. In fact, many leave NZ to get highly paying jobs they can't get in Nu Zillun. Edited by sparkychap at 8:04 am, Sat 12 Dec sparkychap - 2020-12-12 08:03:00 |
| 122 | So can a kiwi living and working overseas get a NZ institution issued mortgage? Edited by funkydunky at 8:18 am, Sat 12 Dec funkydunky - 2020-12-12 08:17:00 |
| 123 | funkydunky wrote: Sure, why not? Why would it matter where you live as long as the securitized asset is in NZ? sparkychap - 2020-12-12 08:19:00 |
| 124 | Well it might matter where you live if said institution wanted it's money back? funkydunky - 2020-12-12 08:23:00 |
| 125 | funkydunky wrote: Yes because they might have shipped the house from Auckland to London... sparkychap - 2020-12-12 08:24:00 |
| 126 | Of course but is it worth the hassle to the bank? Maybe maybe not - but I just wonder if it is a huge driver behind current rocketing prices funkydunky - 2020-12-12 08:28:00 |
| 127 | funkydunky wrote:
Plenty of overseas people cleaned up in mortgage sales each year. smallwoods - 2020-12-12 08:33:00 |
| 128 | Where’s the hassle? People buy houses with the intention of paying the mortgage. If they don’t, then the bank can sell the asset. But to answer the other point, anyone pointing to one cause of house price inflation is missing the point - we have a perfect storm of multiple causes, none of which individually is causing or will solve the problem. sparkychap - 2020-12-12 08:34:00 |
| 129 | sparkychap wrote:
So what you are saying is that it's win win for the bank either way? Surely there must be some risk in lending money ... funkydunky - 2020-12-12 09:49:00 |
| 130 | Don’t forget , if you are planning to move back to nz , you probably sell all your assets first, before you jump on the Waka to get back. And the question is do you need a mortgage to buy a home in nz? Or do you only need a small mortgage , if so , as long as banks have more security in the place than it’s worth, they probably will lend you the money,,,, besides there are other places too, that lend money and they are not exactly banks.. ???? argentum47 - 2020-12-12 10:41:00 |
| 131 | sparkychap wrote:
Quite so, sparkychap. "For every complex problem, there's a solution that is simple, neat, and wrong." artemis - 2020-12-12 10:46:00 |
| 132 | #115 Anything that's done to lower the cost of building a house will just lower it's quality while increasing the difference between what it's worth & what gets paid for it. Though removing dead wood from the process would increase quality.[/quote] . Well, let’s say you want to build a house in Australia for example, say in Queensland you only have 3 building inspection ( from the council) , shyly that will save some money on the cost of building a home? Yet those places don’t exactly fall down after a few years because of a lack of inspections ????. Or let’s say you want to install a solar system on your roof ( no building permits required either, ( try to do that in nz ....) a friend just build a 30m x 2 m high brick wall around this property, next to a public walkway , guess what , no permits required, no foundation inspections done , no resource consent needed either, and people wonder why it is so expensive to build a hous in nz ???? .... all this paperwork and getting permits keeps a lot of people in a job, that otherwise would join the unemployment stats, funny thing is it can be done in other countries without any problems at all, yet it is so difficult to achieve in nz argentum47 - 2020-12-12 10:54:00 |
| 133 | loose.unit8 wrote:
"Historic low" is still not 0 anarot - 2020-12-12 17:32:00 |
| 134 | Rising prices what can the government do? mkr_ahearn - 2020-12-13 10:21:00 |
| 135 | mkr_ahearn wrote:
nothing .. also agency fees are way out of proportion to the work done by most agents .. Edited by pf at 10:34 am, Sun 13 Dec pf - 2020-12-13 10:30:00 |
| 136 | pf wrote:
waking up is free also mkr_ahearn - 2020-12-13 10:33:00 |
| 137 | i was editing while you were replying .. i guess my point was that scenario isn't going to happen .. pf - 2020-12-13 10:36:00 |
| 138 | mkr_ahearn wrote:
The article contains one serious error. johnston - 2020-12-13 10:45:00 |
| 139 | pf wrote:
when it happens with one person or family its happening, its the multiplication thats tricky. Yes to your point and yet maybe. mkr_ahearn - 2020-12-13 10:49:00 |
| 140 | lakeview3 wrote:
It is not broken beyond repair, that sort of negative attitude just feeds negativity. Edited by heather902 at 12:32 pm, Sun 13 Dec heather902 - 2020-12-13 12:32:00 |
| 141 | heather902 wrote:
Completely agree, but there does seem to be an increasing trend to blame someone or something else. The blamers and complainers are more likely to be the households that never achieve home ownership. The positive households that set realistic goals, work hard, live carefully for a few years have a good chance of succeeding, and not just in home ownership. As you say, personal responsibility. artemis - 2020-12-13 13:14:00 |
| 142 | heather902 wrote: . Uhhh, I love this comment???? And you hit the nail with that one too, we used to work 7 days a week and had 3 jobs each to get our first home, no holidays, no restaurant dinners, no takeaways, or a flash car , or party’s to go to ( mind you everyone else did!) then a few years later after buying my first home at 21 with no help from anyone) they all said ohh you are soo lucky to have home! ( boy did that p...S me off... ????) well, he funny thing was the harder I worked the luckier I got ) and my first home was a basic 3 bedr home in Auckland and did not have a garage, a media room, tv connections in every room and second hand furniture was everywhere.... unfortunatly most people would not be prepared to do that to get into there first home now. argentum47 - 2020-12-13 13:26:00 |
| 143 | argentum47 wrote: funkydunky - 2020-12-14 18:24:00 |
| 144 | argentum47 wrote:
Yes, except even the most basic run down house is out of most people's reach now, let alone the mansion you mention. tygertung - 2020-12-16 10:37:00 |
| 145 | anarot wrote:
And 0 is not realistic loose.unit8 - 2020-12-16 15:38:00 |
| 146 | In the morning news aklreels - 2020-12-17 07:15:00 |
| 147 | argentum47 wrote:
Way back in the nineties, as I understand it, there was a push to de-regulate. And the arguments presented were convincing enough. As it turned out, the free market system did not work well. The Building Code was enacted in (or around 2004). aklreels - 2020-12-17 07:30:00 |
| 148 | aklreels wrote:
Licensed building practitioners are typically not on minimum wage anyway so it shouldn't really affect it. If a business is so marginal that it can only afford to break even, or even make a small profit by paying its staff minimum wage, it probably isn't terribly viable anyway. If it were able to put prices up, it would have already done so. tygertung - 2020-12-17 08:12:00 |
