From interest.co

"In Sainty & Sainty v Property Brokers Limited, the New Zealand courts considered, for the first time, whether a property manager could be held liable for damage caused by tenants.

Although the plaintiffs’ claim was dismissed at the summary judgment stage, the court found that a property manager could owe a professional duty of care to the landlord in certain circumstances."

Looks like you can't pin down a property manager.

Rentals have become a social issue. Could it be that some are angry with out of town buyers, and increasing rent.

aklreels - 2020-12-15 08:11:00

Wouldn’t it be nice if the government actually did something to stop the people using their age and wealth advantage to buy all the houses and in turn squeezing out younger generations and trapping them in a doomed cycle of debt where they pay taxes for everyone else’s health and pensions, live in rented property and end up with nothing to show for it when their retirement comes around.

Just really really sad and disappointing.

Oh and before I get flamed, I am one of the older ‘luckier’ people who got in on the property ladder before everyone else, I just don’t like the way our younger people are being shafted by lack of government policy to address the issues. Doesn’t sit well in my stomach to see the irreparable damage being done right before our eyes (if people care enough to see it)

lakeview3 - 2020-12-15 09:17:00

The member deleted this message.

sweetgurl108 - 2020-12-15 09:49:00

Time that courts considered whether tenants could be held liable for property damage caused by tenants. Is the government, which can't provide enough houses, happy to accept all the crap tenants when private landlords eventually get rid of them?

amasser - 2020-12-15 10:23:00

lakeview3 wrote:

Wouldn’t it be nice if the government actually did something to stop the people using their age and wealth advantage to buy all the houses and in turn squeezing out younger generations and trapping them in a doomed cycle of debt where they pay taxes for everyone else’s health and pensions, live in rented property and end up with nothing to show for it when their retirement comes around.

Just really really sad and disappointing.

Oh and before I get flamed, I am one of the older ‘luckier’ people who got in on the property ladder before everyone else, I just don’t like the way our younger people are being shafted by lack of government policy to address the issues. Doesn’t sit well in my stomach to see the irreparable damage being done right before our eyes (if people care enough to see it)

There are plenty of houses available for sale last time I looked.

heather902 - 2020-12-15 10:35:00

lakeview3 wrote:

Wouldn’t it be nice if the government actually did something to stop the people using their age and wealth advantage to buy all the houses and in turn squeezing out younger generations and trapping them in a doomed cycle of debt where they pay taxes for everyone else’s health and pensions, live in rented property and end up with nothing to show for it when their retirement comes around.

Just really really sad and disappointing.

Oh and before I get flamed, I am one of the older ‘luckier’ people who got in on the property ladder before everyone else, I just don’t like the way our younger people are being shafted by lack of government policy to address the issues. Doesn’t sit well in my stomach to see the irreparable damage being done right before our eyes (if people care enough to see it)

???? ???? ???? ???? ???? ????

lovelurking - 2020-12-15 10:58:00

heather902 wrote:

There are plenty of houses available for sale last time I looked.

Including hundreds of Kiwibuild homes available, supposed to be affordable for first home buyers. And hundreds more under construction. They are flying off the shelves. Or, actually, they are not.

artemis - 2020-12-15 11:36:00

lakeview3 wrote:

Wouldn’t it be nice if the government actually did something to stop the people using their age and wealth advantage to buy all the houses and in turn squeezing out younger generations and trapping them in a doomed cycle of debt where they pay taxes for everyone else’s health and pensions, live in rented property and end up with nothing to show for it when their retirement comes around.

Just really really sad and disappointing.

Oh and before I get flamed, I am one of the older ‘luckier’ people who got in on the property ladder before everyone else, I just don’t like the way our younger people are being shafted by lack of government policy to address the issues. Doesn’t sit well in my stomach to see the irreparable damage being done right before our eyes (if people care enough to see it)

What do you think the government should do to ease the "housing problem" ??

onl_148 - 2020-12-15 12:21:00

onl_148 wrote:

What do you think the government should do to ease the "housing problem" ??

How about - someone should do something.

artemis - 2020-12-15 12:30:00

heather902 wrote:

There are plenty of houses available for sale last time I looked.

Yes, at very high prices. Much more than the average person or family can afford.

tygertung - 2020-12-15 12:40:00

heather902 wrote:

There are plenty of houses available for sale last time I looked.

*affordable*

lakeview3 - 2020-12-15 12:46:00

tygertung wrote:

Yes, at very high prices. Much more than the average person or family can afford.

With respect that means nothing. NZ median actual sale price is $750K and that means half of sales were less than that. A few years as DINKs living frugally and building skills will make a decent hole in a deposit for a cheaper than median home, even if it is an apartment, a do up unit, or in a less desirable location.

If households choose to be a family, assume that means one or more children, then that household has made a choice that will make buying harder.

artemis - 2020-12-15 12:46:00

lovelurking wrote:

???? ???? ???? ???? ???? ????

yes sadly it’s been going on for years, not sure how bad it will have to get before someone does something meaningful.

lakeview3 - 2020-12-15 12:46:00

tygertung wrote:

Yes, at very high prices. Much more than the average person or family can afford.

bingo

lakeview3 - 2020-12-15 12:47:00

onl_148 wrote:

What do you think the government should do to ease the "housing problem" ??

there are so many things, I have listed them here before. One person/entity owning 100 houses is a problem.....

https://www.stuff.co.nz/life-style/homed/housing-affordabili
ty/123645383/101-properties-going-going-gone-in-invercargill

This is just the tip of the iceberg.

First home buyers having to compete with investors for the entry level properties is the first part of the problem....

More land available would help,

Income and asset tested pensions would also discourage people from collecting houses. If they can afford to buy another house then they probably don’t need my kids and others people’s kids (young adults) slaving their guts out paying tax to support someone who doesn’t need it, while they pay all the rest of the money they earn in rent to those very same people. Let’s just be honest here for once shall we. It can’t go on.

Edited by lakeview3 at 12:56 pm, Tue 15 Dec

lakeview3 - 2020-12-15 12:56:00

lakeview3 wrote:

..... One person/entity owning 100 houses is a problem..... .

More rental supply than demand means rents come down, making it easier for renters to save a deposit. Lower rental supply, higher rents, harder to save a deposit. Landlords like more demand because higher rents and better tenants.

artemis - 2020-12-15 13:05:00

tygertung wrote:

Yes, at very high prices. Much more than the average person or family can afford.

Danniverke had a few houses under $300,000 and quite a good sized town. Lovely house there for $500,000.

annie17111 - 2020-12-15 13:07:00

artemis wrote:

More rental supply than demand means rents come down, making it easier for renters to save a deposit. Lower rental supply, higher rents, harder to save a deposit. Landlords like more demand because higher rents and better tenants.

oh the old ‘we are helping them out by providing housing’ yarn......sorry but YAWN ????

lakeview3 - 2020-12-15 13:09:00

lakeview3 wrote:

oh the old ‘we are helping them out by providing housing’ yarn......sorry but YAWN ????

That would be a comprehension fail.

artemis - 2020-12-15 13:10:00

artemis wrote:

That would be a comprehension fail.

I could say the same

lakeview3 - 2020-12-15 13:12:00

tygertung wrote:

Yes, at very high prices. Much more than the average person or family can afford.

Well, what is average?
I'd say my Son and his partner are earning average money. they are both 23. and both have student loans. they have also both worked for a quite a while and contribute a fair bit with their kiwisaver to their deposit as well as their savings, and I'm giving a small gift. They are also pooling resources to buy better with another couple who also are working and have saved. Doing the maths both couples think they will be investing more wisely to buy a better quality property/area. 4 beds 2 bathrooms 2 lounges, so they can have separate living spaces.

The only thing that is stopping most young able bodied people owning a home is themselves.

Edited by heather902 at 2:23 pm, Tue 15 Dec

heather902 - 2020-12-15 14:22:00

heather902 wrote:

Well, what is average?
I'd say my Son and his partner are earning average money. they are both 23. and both have student loans. they have also both worked for a quite a while and contribute a fair bit with their kiwisaver to their deposit as well as their savings, and I'm giving a small gift. They are also pooling resources to buy better with another couple who also are working and have saved. Doing the maths both couples think they will be investing more wisely to buy a better quality property/area. 4 beds 2 bathrooms 2 lounges, so they can have separate living spaces.

The only thing that is stopping most young able bodied people owning a home is themselves.

and that’s all well and good heather and good on your son......however what happens when everyone has kids or someone wants to sell and the other doesnt?

It really shouldn’t have to be that way....

Edited by lakeview3 at 2:35 pm, Tue 15 Dec

lakeview3 - 2020-12-15 14:35:00

Many, if not most proposed "control methods" put restrictions on the buyer..e.g asset tests, lending ratios etc.... perhaps there could be restrictions / penalty on the seller.. capital gains taxable if you sell to an investor, stamp duty on any sale not to a first home owner, fixed appreciation rates on sale price... if you buy a house for say $450,000 then the sale price for the first 5 years is the purchase price plus 10% plus any tangiable improvements at cost.
One of the forseeable problems of the sort of system detailed above is it will just generate a whole new industry of lawyers and or accountants who, for a fee, will "configure your affairs" so that you are not liable to these penalties !!!

onl_148 - 2020-12-15 14:57:00

onl_148 wrote:

Many, if not most proposed "control methods" put restrictions on the buyer..e.g asset tests, lending ratios etc.... perhaps there could be restrictions / penalty on the seller.. capital gains taxable if you sell to an investor, stamp duty on any sale not to a first home owner, fixed appreciation rates on sale price... if you buy a house for say $450,000 then the sale price for the first 5 years is the purchase price plus 10% plus any tangiable improvements at cost.
One of the forseeable problems of the sort of system detailed above is it will just generate a whole new industry of lawyers and or accountants who, for a fee, will "configure your affairs" so that you are not liable to these penalties !!!

it’s pretty simple really, take investors out of the picture and the competition eases.....how do we do that? Well capital gains would be one, the other is some sort of increasing tax for each number of properties owned, the other would be asset and income testing pensions. This country cannot sustain a certain group of people holding all the wealth while using all the services funded by working taxpayers.

lakeview3 - 2020-12-15 15:39:00

lakeview3 wrote:

and that’s all well and good heather and good on your son......however what happens when everyone has kids or someone wants to sell and the other doesnt?

It really shouldn’t have to be that way....

It’s all set out in the property sharing agreement they have had a lawyer draw up.

heather902 - 2020-12-15 15:49:00

heather902 wrote:

It’s all set out in the property sharing agreement they have had a lawyer draw up.

well good luck to them, I hope it all works out.

lakeview3 - 2020-12-15 16:06:00

What's the point of sobbing for government to do something, when the problem IS the government? Our little socialist haven is chock full of people who expect the government to fix all of their problems, when governments are really only effective at wasting money and creating regulations.

apollo11 - 2020-12-15 17:01:00

apollo11 wrote:

What's the point of sobbing for government to do something, when the problem IS the government? Our little socialist haven is chock full of people who expect the government to fix all of their problems, when governments are really only effective at wasting money and creating regulations.

let’s face it, a large part of the problem is not just this govt, but the ones before it. This one promised to do something, as yet nothing of any consequence aside from the ‘ban what foreigners we can’ policy.

I will be waiting for them to come out with some ‘transformational’ policies in the new year that favour our young people for once ESPECIALLY when it comes to housing. If they don’t then they better start looking for new jobs.

Trust me, I am an unforgiving swing voter and I know the mood of the room.

Edited by lakeview3 at 5:27 pm, Tue 15 Dec

lakeview3 - 2020-12-15 17:25:00

Successive governments have failed to get a grip on the issues, but the real problems come from councils loaded with socialist and greenies running their own agendas. Since they make the rules and have a monopoly on consents they charge whatever they like and increase it every year.
Cut some of the BS and we could reduce the build costs by 25%, and have more customer-friendly homes.

masturbidder - 2020-12-15 17:38:00

lakeview3 wrote:

*affordable*

Yep, just bought another for $300k.
A bit of a doer upper, but I was the only one to bid.

smallwoods - 2020-12-15 18:06:00

artemis wrote:

That would be a comprehension fail.

Yep, but that's LV on the roll

smallwoods - 2020-12-15 18:10:00

lakeview3 wrote:

I could say the same

LOL, no you couldn't.

smallwoods - 2020-12-15 18:11:00

Never mind the banks are coming to the rescue! Investors now need a 40% deposit to purchase an investment property..... ( I presume they purchase them to rent out?) ....... Considering the private sector provides most rental property's and the government is not capable of doing it, how is that move going to provide enough rental properties?, and if there is a shortage of rental propertys.. how can they be affordable? Would it make not more sense to encourage people to invest in rentals, so the market gets swamped with them, which would bring rents down, and if rental propertys are not profitable , investors would get out of it looking for better $ returns which would ultimately bring house prices down as well making it all a lot more affordable , for first home buyers, and renters ..... looks like ones again the horse has been put behind the cart ????????

argentum47 - 2020-12-15 18:28:00

smallwoods wrote:

Yep, but that's LV on the roll

why don’t you keep your posts of a less personal nature? Might be a refreshing change...

lakeview3 - 2020-12-15 18:34:00

argentum47 wrote:

Never mind the banks are coming to the rescue! Investors now need a 40% deposit to purchase an investment property..... ( I presume they purchase them to rent out?) ....... Considering the private sector provides most rental property's and the government is not capable of doing it, how is that move going to provide enough rental properties?, and if there is a shortage of rental propertys.. how can they be affordable? Would it make not more sense to encourage people to invest in rentals, so the market gets swamped with them, which would bring rents down, and if rental propertys are not profitable , investors would get out of it looking for better $ returns which would ultimately bring house prices down as well making it all a lot more affordable , for first home buyers, and renters ..... looks like ones again the horse has been put behind the cart ????????

oh pahleeze......if there weren’t so many blinkin investors, the prices would be lower and those people who keep missing out might actually end up buying their first house.....but you KNEW that already....

lakeview3 - 2020-12-15 18:37:00

Maybe there wouldn't be so many investors if there wasn't such a steady supply of tenants.. think about it, kids staying at home instead of flatting and saving towards home ownership, people putting off families able to co share flats..saving towards home ownership, family helping out more..
And no one is missing out, that has truly put in the hard yards.

heather902 - 2020-12-15 18:48:00

lakeview3 wrote:

oh pahleeze......if there weren’t so many blinkin investors, the prices would be lower and those people who keep missing out might actually end up buying their first house.....but you KNEW that already....

not sure about that , in reality to make apples more affordable you need lots and lots of Appel trees ???????????? or house , the problem we have in nz there are not enough houses ( if the market was flooded with them ) they would be much more affordable to anyone that wants one ... on the other side you should encourage investors to build new houses rather than investing in existing stock

argentum47 - 2020-12-15 18:53:00

argentum47 wrote:

not sure about that , in reality to make apples more affordable you need lots and lots of Appel trees ???????????? or house , the problem we have in nz there are not enough houses ( if the market was flooded with them ) they would be much more affordable to anyone that wants one ... on the other side you should encourage investors to build new houses rather than investing in existing stock

there are enough air BNBs and empty land banked houses to immediately effect change in availability....of course bringing in 500,000 people over 10 years didn’t help....it’s why we now have to wait MONTHS before getting medical treatment.....none of the population influx was planned for. Everywhere you go there aren’t enough houses, doctors, hairdressers or mechanics to service those 500,000 people because they weren’t planned for in advance.

lakeview3 - 2020-12-15 19:03:00

lakeview3 wrote:

Wouldn’t it be nice if the government actually did something to stop the people using their age and wealth advantage to buy all the houses and in turn squeezing out younger generations and trapping them in a doomed cycle of debt where they pay taxes for everyone else’s health and pensions, live in rented property and end up with nothing to show for it when their retirement comes around.

Just really really sad and disappointing.

Oh and before I get flamed, I am one of the older ‘luckier’ people who got in on the property ladder before everyone else, I just don’t like the way our younger people are being shafted by lack of government policy to address the issues. Doesn’t sit well in my stomach to see the irreparable damage being done right before our eyes (if people care enough to see it)

As the first reply to the OP, what has this got to do with the topic started for discussion.

I guess you are going for another holiday if you keep this up.

ian1990 - 2020-12-15 21:50:00

ian1990 wrote:

As the first reply to the OP, what has this got to do with the topic started for discussion.

I guess you are going for another holiday if you keep this up.

i see and what did your post just now have to do with the topic?

lakeview3 - 2020-12-15 22:03:00

At risk of sounding like a conspiracy theorist, how much power does our government actually have to fix anything? Google 'The Great Reset' and the slogan 'Build Back Better' (which was recently breathlessly uttered by our dear leader). We are vassals to the globalist agenda.

apollo11 - 2020-12-15 22:06:00

apollo11 wrote:

At risk of sounding like a conspiracy theorist, how much power does our government actually have to fix anything? Google 'The Great Reset' and the slogan 'Build Back Better' (which was recently breathlessly uttered by our dear leader). We are vassals to the globalist agenda.

yeah I do agree, there does seem to be a larger worldwide agenda with key players, it now really is the time for us to do our own thing as much as we can. We have food to export and everyone needs food to survive, not like Australia who rely on fossil fuels and have had China playing with them.

Oh whoops I digress!

lakeview3 - 2020-12-15 22:12:00

lakeview3 wrote:

why don’t you keep your posts of a less personal nature? Might be a refreshing change...

LOL, when you change the record!!!
Now that would be refreshing.
Nothing personal.
Just you keep bantering the same spiel.
Like kids at Uni, some study harder and get better test marks.
End up with better job prospects.
In your world, the slackers should be given the same chance at that job!
They can sit there wishing for the flash job, hoping someone like you will give them the chance to "shine".
Absolutely NO ONE is stopping you from handing out cash to them.
We have helped 2 tenants into houses, guess what BOTH are renting again.

smallwoods - 2020-12-15 23:10:00

lakeview3 wrote:

i see and what did your post just now have to do with the topic?

Point you in the right direction, but you knew that?

smallwoods - 2020-12-15 23:12:00

annie17111 wrote:

Danniverke had a few houses under $300,000 and quite a good sized town. Lovely house there for $500,000.

Ideal if the work is there. However there might not be the work in your profession. $500 000 isn't really affordable for a first house in my opinion.

Shithouse though if you have to move away from all your family, especially when you start having children and have no family support. Recipe for depression.

tygertung - 2020-12-16 11:02:00

tygertung wrote:

Ideal if the work is there. However there might not be the work in your profession. $500 000 isn't really affordable for a first house in my opinion.

Shithouse though if you have to move away from all your family, especially when you start having children and have no family support. Recipe for depression.

there are houses there under $300,000. Sometimes you need to make hard choices to get what you want, we have no family within an hour of us and cope fine. Even when I've ended up in hospital at short notice, we have coped fine. Also once you have a house, it's so much easier to get another house. Our first house was an ex state house in a crappy area. Our second house is in a lovely area and a much nicer house than our first. But without the first crap house, we wouldn't have our now house now.

annie17111 - 2020-12-16 11:13:00

What if the family is several hours away. Less ideal. Not everyone can move to Dannevirke anyway as there wouldn't be the employment there.

tygertung - 2020-12-16 13:47:00

Well, there are people out there that have family members on the other side of this planet , they come to nz and still manage to raise a family and if they can’t find the work start a business off to create a job , it’s all possible ..... ????

argentum47 - 2020-12-16 14:17:00

A friend once said to me that there are two kinds of people in the world. Those that live where they work and those that work where they live. We chose to live where we work. Evolve or die so to speak. Very applicable today

rak1 - 2020-12-17 04:10:00

Three of my grandkids have bought homes all under 25 they have settled for modest houses that they can improve. Most young purchases seem to want the perfect house straight away and want all the latest chattels.

huntlygirl - 2020-12-17 20:08:00