did you know that Christchurch had earthquakes back in 1890? or about that time. I didn't until I read it. Yes, Auckland is built of volcanoes. Taranaki expanded because of multiple volcanoes. Rangitoto Island was 600 years ago came out of the ocean as a volcanic eruption. All this is a good reason for a property to not be 1 million dollars. Here in NZ there are many hazards and people should not pay big money and then expect the rest of NZ to bail them out with insurance. There does need to be a reset in thinking. A house is a home. Not a way to earn big money and if diaster strikes then the rest of NZ pays. No that is not fair.

Edited by kamo631 at 6:03 pm, Wed 24 Mar

kamo631 - 2021-03-24 17:58:00

I see Key and Clark are ‘weighing in’ on the housing situation. Seriously who keeps trotting out these hideous ex PMs? Can’t they just ****** O and stay quiet? Havent they caused enough damage? Or are they trying to remind us who was responsible for it all?

Edited by lakeview3 at 6:10 pm, Wed 24 Mar

lakeview3 - 2021-03-24 18:10:00

lakeview3 wrote:

Not that old chestnut. There isn’t a shortage of houses. There are THOUSANDS of homes all over New Zealand that are either empty or used for air bnb. This was never the intention for these houses when they were built.

What there IS a shortage of, is over 65s safe low maintenance townhouses. Then these people could move out of their large homes and make them available for a family.

Question for you:::: if you owned a classic car “ say it’s a rare one and pretty old too, and you bougth it ( so it’s yours to keep and do whatever you pleased to do with it.... ( and it’s worth a few million bucks too) would you hire your car out ???. Or rent it out ?

argentum47 - 2021-03-24 18:13:00

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puddleduck00 - 2021-03-24 18:17:00

argentum47 wrote:

Question for you:::: if you owned a classic car “ say it’s a rare one and pretty old too, and you bougth it ( so it’s yours to keep and do whatever you pleased to do with it.... ( and it’s worth a few million bucks too) would you hire your car out ???. Or rent it out ?

I wouldn’t own one in the first place. I don’t covet those sorts of things. I will tell you why:
1/waste of money
2/pain to store/insure
3/I don’t want to draw attention to myself
4/ noone cares what sort of car it is or how much it’s worth when they open their door or let their trolley bump into it

Why what’s your angle?

lakeview3 - 2021-03-24 18:19:00

puddleduck00 wrote:

Do humans need classic cars to survive?

3 basic needs, 1/water 2/food 3/shelter

lakeview3 - 2021-03-24 18:20:00

lakeview3 wrote:

I wouldn’t own one in the first place. I don’t covet those sorts of things. I will tell you why:
1/waste of money
2/pain to store/insure
3/I don’t want to draw attention to myself
4/ noone cares what sort of car it is or how much it’s worth when they open their door or let their trolley bump into it

Why what’s your angle?

Will get to that part a bit later, let’s say it was your thing , would you hire it out ( just pretend for a minute you where one of those classic car fanatics ???? ) and you stick all your money into it, just to get your hands on it ..... would you hire your car out to other people could use it ....

argentum47 - 2021-03-24 18:30:00

argentum47 wrote:

Will get to that part a bit later, let’s say it was your thing , would you hire it out ( just pretend for a minute you where one of those classic car fanatics ???? ) and you stick all your money into it, just to get your hands on it ..... would you hire your car out to other people could use it ....

I get what you are saying. My house isn't up for grabs because someone feels that other people need it more than me. Need is very subjective. I think someone should really back off with telling other people how to spend their money and where they may live.

heather902 - 2021-03-24 18:33:00

lakeview3 wrote:

3 basic needs, 1/water 2/food 3/shelter

...and a great big paddock for pet horse?...how many houses could be built on that?????

theguyz1 - 2021-03-24 18:35:00

theguyz1 wrote:

...and a great big paddock for pet horse?...how many houses could be built on that?????

4 basic needs, 1/water 2/food 3/shelter 4/ paddock for pet horse.

apollo11 - 2021-03-24 18:43:00

theguyz1 wrote:

...and a great big paddock for pet horse?...how many houses could be built on that?????

well none under our stupid council rules. But actually where the horse is is very very difficult to access so not a good prospect for subdivision - the dairy farm next door is PRIMO though......

lakeview3 - 2021-03-24 18:57:00

apollo11 wrote:

4 basic needs, 1/water 2/food 3/shelter 4/ paddock for pet horse.

I will give him to your daughter for free.....he needs a teenager.....

lakeview3 - 2021-03-24 18:57:00

apollo11 wrote:

4 basic needs, 1/water 2/food 3/shelter 4/ paddock for pet horse.

And petrol for vintage motor car (98 octane)

sparkychap - 2021-03-24 18:59:00

sparkychap wrote:

And petrol for vintage motor car (98 octane)

are you calling my Holden vintage?????? How dare you!

lakeview3 - 2021-03-24 19:01:00

lakeview3 wrote:

are you calling my Holden vintage?????? How dare you!

Possibly. Let me mullet over.

sparkychap - 2021-03-24 19:01:00

sparkychap wrote:

Possibly. Let me mullet over.

she is a beaut though....

Now, back to topic.....

Will be interesting to see how current house listing numbers are affected....

lakeview3 - 2021-03-24 19:03:00

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puddleduck00 - 2021-03-24 19:08:00

lakeview3 wrote:

she is a beaut though....

Now, back to topic.....

Will be interesting to see how current house listing numbers are affected....

Once they've stopped clutching their pearls and remember all that tax free capital gains, normality will resume.

sparkychap - 2021-03-24 19:09:00

puddleduck00 wrote:

This is how a rabbi or a religious fanatic proves a point. He'll believe that because the person answered their analogy the way they were coerced (one question at a time, with no context), he can retrospectively apply that same answer over a different question without ever giving the person a chance to answer directly.

There's nothing wrong with analogies, but there's something wrong with this application.

Very nicely put. Although it was a clumsy setup anyway.

sparkychap - 2021-03-24 19:10:00

Looks like that other thread went *poof*

sparkychap - 2021-03-24 19:12:00

argentum47 wrote:

Will get to that part a bit later, let’s say it was your thing , would you hire it out ( just pretend for a minute you where one of those classic car fanatics ???? ) and you stick all your money into it, just to get your hands on it ..... would you hire your car out to other people could use it ....

sorry I can’t imagine owning something so needlessly expensive and frankly surplus to my requirements. I mean a car gets you from A to B. Who cares what it’s worth or what it looks like - not me. You may have to play your game with someone else!

lakeview3 - 2021-03-24 19:13:00

apollo11 wrote:

Um the safest place to live is Invercargill, knock yourself out.

We shall sea

https://www.stuff.co.nz/southland-times/southland-top-storie
s/113307717/more-than-1200-invercargill-and-bluff-homes-at-r
isk-from-sea-level-rise

sparkychap - 2021-03-24 19:23:00

sparkychap wrote:

We shall sea

https://www.stuff.co.nz/southland-times/southland-top-storie
s/113307717/more-than-1200-invercargill-and-bluff-homes-at-r
isk-from-sea-level-rise

But they will be safe from the zombie plague. Zombies don't like the cold.

apollo11 - 2021-03-24 19:27:00

apollo11 wrote:

But they will be safe from the zombie plague. Zombies don't like the cold.

Yep, its a no-brainer.

sparkychap - 2021-03-24 19:31:00

puddleduck00 wrote:

Do humans need classic cars to survive?

Yes we do, Dinosaurs didn't have classic cars and they are now extinct.

loud_37 - 2021-03-24 19:40:00

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kittycatkin - 2021-03-24 19:43:00

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kittycatkin - 2021-03-24 19:46:00

loud_37 wrote:

Yes we do, Dinosaurs didn't have classic cars and they are now extinct.

That's only because their iddy diddy arms couldn't reach the steering wheels properly and they all crashed into the first corner.

sparkychap - 2021-03-24 19:46:00

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kittycatkin - 2021-03-24 19:50:00

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puddleduck00 - 2021-03-24 19:52:00

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kittycatkin - 2021-03-24 19:53:00

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kittycatkin - 2021-03-24 19:55:00

lakeview3 wrote:

I always said we should have used the Canterbury rebuild as an opportunity to train more apprentices.

The 4% unemployment after that most of whom are unemployable will never be builders. We need to import 30,000 builders ASAP.

3tomany - 2021-03-24 19:56:00

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kittycatkin - 2021-03-24 19:59:00

kittycatkin wrote:

Even if you had the current low interest rate and it never went up, you'd need to increase the rest by about $100, wouldn't you ? Tenants will be praying that interest rates don't rise.

This is like the old man and the donkey; it will please no one.

Rents will have to rise i would say $100 per week to compensate the new tax on rentals. It is just a tax on rentals so it has to be passed on.

3tomany - 2021-03-24 20:01:00

heather902 wrote:

I get what you are saying. My house isn't up for grabs because someone feels that other people need it more than me. Need is very subjective. I think someone should really back off with telling other people how to spend their money and where they may live.

. Exactly, if you own a house , be it your own or an investment , dosen’t mean you have to rent it out ,,,, if you want to keep your investment property empty( for whatever reason you choose to do so, so be it!) it’s your property after all-you-can-eat can either rent it out, keep it empty, or burn it down , I know people that have 3 apartments, all brand new, had them for years and never been rented out, explanation was “ I don’t want them to be used as they are investments. Because property prices went up that much every year... there was no need to rent them out. If you have an investment , no matter if it’s a house or a classic car, and it’s your investment. It’s up to the owner to hire / rent / or lease it out, and not because someone else things it’s a bad idea not to nz it out . Some people just can’t understand the concept ( regardless if it’s good or as

argentum47 - 2021-03-24 21:13:00

argentum47 wrote:

. Exactly, if you own a house , be it your own or an investment , dosen’t mean you have to rent it out ,,,, if you want to keep your investment property empty( for whatever reason you choose to do so, so be it!) it’s your property after all-you-can-eat can either rent it out, keep it empty, or burn it down , I know people that have 3 apartments, all brand new, had them for years and never been rented out, explanation was “ I don’t want them to be used as they are investments. Because property prices went up that much every year... there was no need to rent them out. If you have an investment , no matter if it’s a house or a classic car, and it’s your investment. It’s up to the owner to hire / rent / or lease it out, and not because someone else things it’s a bad idea not to nz it out . Some people just can’t understand the concept ( regardless if it’s good or as

so the person with the 3 apartments has enough money to pay mortgages/rates/body corps or owns them outright but still needs to pay rates.body corps and STILL other people who don’t own a house will be working to pay tax to fund the pension of a person who is so wealthy they don’t even need to rent their apartment out. Yeah that’s just sick.

lakeview3 - 2021-03-24 21:18:00

lakeview3 wrote:

sorry I can’t imagine owning something so needlessly expensive and frankly surplus to my requirements. I mean a car gets you from A to B. Who cares what it’s worth or what it looks like - not me. You may have to play your game with someone else!

yep, I am 110% with you on that, a car is something that just gets you from a- b... however some people reckon they are good investments and over time will go up in value ..... and would not dream of hiring them out ! Same apply’s to some people that own propertys, they are looked at as investments and they too would not dream of. “ renting them out” so my point is it’s up to the owner what he chooses to do with it. I am referring to your comment that there are 1000’s of property's sitting empty, yep that may not help in a rental crisis, however it’s up to the owner to rent them out or not at the end of the day ( rigth or wrongly

argentum47 - 2021-03-24 21:23:00

lakeview3 wrote:

so the person with the 3 apartments has enough money to pay mortgages/rates/body corps or owns them outright but still needs to pay rates.body corps and STILL other people who don’t own a house will be working to pay tax to fund the pension of a person who is so wealthy they don’t even need to rent their apartment out. Yeah that’s just sick.

they are in a different country,,. Not nz, and I don’t know about their pensions ( probably they don’t get one anyway) and even if they did, they probably paid just as much if not more, tax as everyone else, so why should he not be entitled to it ? Everyone else is! ???? and it’s irrelevant if he owns other assets or not if it is a universal pension . He paid his share too ..

argentum47 - 2021-03-24 21:29:00

Socialists are always chasing 'equality of outcome'. Everyone is entitled to the same rewards regardless of how hard they have worked. The end result of socialism is mediocrity and social decay.

apollo11 - 2021-03-24 21:36:00

argentum47 wrote:

they are in a different country,,. Not nz, and I don’t know about their pensions ( probably they don’t get one anyway) and even if they did, they probably paid just as much if not more, tax as everyone else, so why should he not be entitled to it ? Everyone else is! ???? and it’s irrelevant if he owns other assets or not if it is a universal pension . He paid his share too ..

ok well that story is hardly relevant in NZ then!

lakeview3 - 2021-03-24 21:39:00

apollo11 wrote:

Socialists are always chasing 'equality of outcome'. Everyone is entitled to the same rewards regardless of how hard they have worked. The end result of socialism is mediocrity and social decay.

and we wouldn’t have needed socialism if some capitalists weren’t quite so greedy.

The power imbalance in New Zealand largely comes about from what happened after world war 2. People who got the farms got the best start out and their offspring continue to enjoy the good fortune of this to this day. This wealth also bought them big influence in the governments of the day and naturally they favoured policies that favoured them and their networks of acquaintances. (tthere are still hangovers of this today)

It’s such a shame. New Zealand used to be a much fairer place and people were generally happier, knowing if they worked hard they could still make a comfortable life for themselves. These days it’s just harder and harder because the laws have favoured those who had already got themselves a bit of a backing.

lakeview3 - 2021-03-24 22:03:00

puddleduck00 wrote:

I agree with CGT and taking away the ability to offset your gross profit with mortgage interest. If you want to gobble up property by using your borrowing capacity/equity and push housing out of reach for people who work hard and save hard to own a home, then it serves you right.

Save up yourself and buy property outright. Build new homes instead of taking existing ones. Start a business and make some productive income. Actually contribute something to society rather than taking from it.

Buying up existing houses and renting them out is not a business. Profiting off inflation that you, yourself have caused is not a business. It's society subsidising your profits.

Well said. I agree with it all.

paulsouth - 2021-03-24 22:08:00

lakeview3 wrote:

and we wouldn’t have needed socialism if some capitalists weren’t quite so greedy.

The problem is when capitalism becomes corrupted (crony capitalism) ie rules are changed to benefit a group. Capitalism is 'equality of opportunity', which we certainly don't have now. The reason the real estate market is so screwed is because government, through deliberation, made it so.

apollo11 - 2021-03-24 22:09:00

lakeview3 wrote:

ok well that story is hardly relevant in NZ then!

it’s pretty revelant to nz as I would imagine quite a few property's are keept empty ( for a different reasons) here in nz too. And the way property's go up, and unfavourable “rental conditions/ laws” when it comes to renting out a property, and considering huge increases increases in property prices, it probably is not worth the hassle to rent some of the propertys out.....

argentum47 - 2021-03-24 22:10:00

apollo11 wrote:

The problem is when capitalism becomes corrupted (crony capitalism) ie rules are changed to benefit a group. Capitalism is 'equality of opportunity', which we certainly don't have now. The reason the real estate market is so screwed is because government, through deliberation, made it so.

totally agree. I used to think I was more on the capitalist side, then I realised that they didn’t give a s*** about me or my kids or most of my family who had voted for them. Won’t make that mistake again.

Housing is my big vote deciding factor, so whoever seeks to help young people and first home buyers gets my vote.

Multiple property owners need to come under more scrutiny.

How much money do some people honestly need?

Edited by lakeview3 at 10:29 pm, Wed 24 Mar

lakeview3 - 2021-03-24 22:28:00

wachael1 wrote:

Is that a definite? I’m seeing a lot of conflicting info on new builds. We have bought a section and are about to start building (a rental) so would love to know for sure.

The way I read it yes. New builds are 5 yr B/L and loan interest deductable.

smallwoods - 2021-03-24 22:33:00

lakeview3 wrote:

Multiple property owners need to come under more scrutiny.
How much money do some people honestly need?

There will always be someone who has more than you. There will always be someone who has less. You had the same chance to play the game as everyone else had, if only you'd been more willing to take on risk, or work harder, or throw caution to the wind. If you had, perhaps you would have had a house to gift each of your kids? I wish I'd bought bitcoin back in 2011 when I considered doing so, but I persuaded myself that it was probably not going to go up. It doesn't matter, like you I'm not hugely motivated by excessive wealth.

apollo11 - 2021-03-24 23:02:00

lakeview3 wrote:

and we wouldn’t have needed socialism if some capitalists weren’t quite so greedy.

The power imbalance in New Zealand largely comes about from what happened after world war 2. People who got the farms got the best start out and their offspring continue to enjoy the good fortune of this to this day. This wealth also bought them big influence in the governments of the day and naturally they favoured policies that favoured them and their networks of acquaintances. (tthere are still hangovers of this today)

It’s such a shame. New Zealand used to be a much fairer place and people were generally happier, knowing if they worked hard they could still make a comfortable life for themselves. These days it’s just harder and harder because the laws have favoured those who had already got themselves a bit of a backing.

Things were better in the days of compulsory unionism and award pay rates as back then any big stories in the media about poverty and homelessness were all about other countries.

cassina1 - 2021-03-24 23:20:00

The member deleted this message.

puddleduck00 - 2021-03-25 00:19:00