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Tauranga housing squeeze

#Post
1

A squeeze on Tauranga's housing supply is seeing people desperate to find a home coming to a rental agent in tears and a property developer predicting the area will run out of land to build houses on in the next two years.
https://www.rnz.co.nz/news/national/436261/tauranga-housing-
squeeze-it-can-be-desperate-if-you-re-a-tenant

Ain't seen nothing yet...

pcle - 2021-02-12 12:56:00
2

Bet there are many places unrented with the ever changing rental requirements. Our family has a very nice 2 bedroom unit at Ohope beach that has been recently recarpeted and painted inside that isn't going back on the rental market. It hasn't got heating (rarely need it there) but other wise probably meets most standards, Wouldn't want anyone putting holes in the wall however. One has to wonder just how many homes have gone off the rental market in the last 3 years because of the changes made. Like ours they also may not have been sold to others to make a home in.

bryalea - 2021-02-12 13:54:00
3
pcle wrote:

A squeeze on Tauranga's housing supply is seeing people desperate to find a home coming to a rental agent in tears and a property developer predicting the area will run out of land to build houses on in the next two years.
https://www.rnz.co.nz/news/national/436261/tauranga-housing-
squeeze-it-can-be-desperate-if-you-re-a-tenant

Ain't seen nothing yet...

hopefully the govt brings in an empty homes and holiday homes tax sooner rather than later then eh?

That’s what they do in some places in Germany, and then they use the tax to do the infrastructure/development costs for subdivisions for first home buyers only.

lakeview3 - 2021-02-12 14:00:00
4

Lots of complaints about rental shortages and high rents in Wellington, though that is usual this time of year. Some of those complaining have been in the media pushing for better conditions and more secure tenure. What did they think would happen when they got what they wanted.

artemis - 2021-02-12 14:00:00
5
lakeview3 wrote:

hopefully the govt brings in an empty homes and holiday homes tax sooner rather than later then eh?

That’s what they do in some places in Germany, and then they use the tax to do the infrastructure/development costs for subdivisions for first home buyers only.


Which won't help renters. Is there any reason that we as a family of a dozen adults that use the flat we have (and use frequently) should be taxed for it. When it was rented, often for years at a time we couldn't use it at all obviously.

bryalea - 2021-02-12 14:04:00
6
bryalea wrote:

Bet there are many places unrented with the ever changing rental requirements. Our family has a very nice 2 bedroom unit at Ohope beach that has been recently recarpeted and painted inside that isn't going back on the rental market. It hasn't got heating (rarely need it there) but other wise probably meets most standards, Wouldn't want anyone putting holes in the wall however. One has to wonder just how many homes have gone off the rental market in the last 3 years because of the changes made. Like ours they also may not have been sold to others to make a home in.

One non-scientific indicator is trending numbers on the social housing list or living in government funded motels etc.

artemis - 2021-02-12 14:05:00
7
lakeview3 wrote:

hopefully the govt brings in an empty homes and holiday homes tax sooner rather than later then eh?

That’s what they do in some places in Germany, and then they use the tax to do the infrastructure/development costs for subdivisions for first home buyers only.


Yeah right. How many pollies have holiday homes?

apollo11 - 2021-02-12 14:12:00
8
artemis wrote:

Lots of complaints about rental shortages and high rents in Wellington, though that is usual this time of year. Some of those complaining have been in the media pushing for better conditions and more secure tenure. What did they think would happen when they got what they wanted.

Yep and on top of an expected rate rise (talk of up to 23%), it's going to make renting in inner city Wellington like renting in Monaco. Great if your a landlord, shit if your a tenant.

fxx99 - 2021-02-12 14:22:00
9
lakeview3 wrote:

hopefully the govt brings in an empty homes and holiday homes tax sooner rather than later then eh?

That’s what they do in some places in Germany, and then they use the tax to do the infrastructure/development costs for subdivisions for first home buyers only.

Yeah cause more tax makes things sooooooo much cheaper! We should have a 25% capital gains tax like Germany as well. Imagine how cheap the houses will be then!

pcle - 2021-02-12 14:52:00
10
apollo11 wrote:


Yeah right. How many pollies have holiday homes?

oh well mayne they could make it so that people could own the house they live in and one other? Seems realistic?

lakeview3 - 2021-02-12 15:04:00
11
pcle wrote:

Yeah cause more tax makes things sooooooo much cheaper! We should have a 25% capital gains tax like Germany as well. Imagine how cheap the houses will be then!

well it’s worked in Germany and got a lot of first home buyers into their own home.

Can’t understand why some people want to make it so hard for people to get ahead. It’s like they want everything for themselves and nothing for others.

*Disclaimer* I already own my own home so I am not posting these messages because *its all about me*.

lakeview3 - 2021-02-12 15:06:00
12

No surprises things are getting worse.

What was the current Government thinking when they declared a Housing crisis, but allowed net migration to continue at 1.5 percent of the population (70,000 / 4,700,000) to continue.

All they did was copy from the 2017 pre election update that net migration should be falling to 20,000 per year, but put no polices in place to achieve it. Current 2020 treasury update is things are going to continue as previously (70,000 per year), just a bunch of virtually signaling idiots.

Oh, but Kiwibuild 10,000 houses per year was going to solve the problem, NOT.

Going to end up with stagnation in the economy since no one can move location for a new job now which was already occurring in Queenstown pre Covid 19

ian1990 - 2021-02-12 15:16:00
13
lakeview3 wrote:

oh well mayne they could make it so that people could own the house they live in and one other? Seems realistic?

That would probably take 99% of empty houses out of contention. How would you handle houses owned in a trust?

apollo11 - 2021-02-12 15:26:00
14

Have also seen a claim, that there is around 12,000 people actively trying to book MIQ vouchers to return to NZ. And there are probably at least that number again who are not actively trying to book, but who would do so if the demand reduces.

That is alot of extra houses needed.

aredwood - 2021-02-12 15:27:00
15
bryalea wrote:

Bet there are many places unrented with the ever changing rental requirements. Our family has a very nice 2 bedroom unit at Ohope beach that has been recently recarpeted and painted inside that isn't going back on the rental market. It hasn't got heating (rarely need it there) but other wise probably meets most standards, Wouldn't want anyone putting holes in the wall however. One has to wonder just how many homes have gone off the rental market in the last 3 years because of the changes made. Like ours they also may not have been sold to others to make a home in.

BEST BEACH IN NZ - gotta love living here !!

alleycatz - 2021-02-12 15:28:00
16

The issue I have with your 'tax and spend' ideas, lakeview- is that you want government to punish (tax) private citizens for a problem that government has caused in the first place.

apollo11 - 2021-02-12 15:29:00
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apollo11 wrote:

The issue I have with your 'tax and spend' ideas, lakeview- is that you want government to punish (tax) private citizens for a problem that government has caused in the first place.

So you didn't do anything to earn your tax free capital gain then?

sparkychap - 2021-02-12 16:36:00
18
apollo11 wrote:

That would probably take 99% of empty houses out of contention. How would you handle houses owned in a trust?

so the trust is allowed to own 2 houses. One for residential and one other?

lakeview3 - 2021-02-12 16:47:00
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sparkychap wrote:

So you didn't do anything to earn your tax free capital gain then?


lol. I prefer to think that my house has maintained it's value, but the money I have saved has been debased. Serves me right for not buying a rental.

apollo11 - 2021-02-12 16:48:00
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lakeview3 wrote:

so the trust is allowed to own 2 houses. One for residential and one other?


A trust doesn't need to reside anywhere.

apollo11 - 2021-02-12 16:50:00
21
apollo11 wrote:

The issue I have with your 'tax and spend' ideas, lakeview- is that you want government to punish (tax) private citizens for a problem that government has caused in the first place.

the problem is, this has been a problem for the last 20 years and NONE of the governments have done anything about it when they should have. There are multiple issues around this, we all know what they are, the govt knows what they are. The time is well and truly over for something to be done about it.

lakeview3 - 2021-02-12 16:52:00
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apollo11 wrote:


A trust doesn't need to reside anywhere.

doesn't matter. 2 houses max per trust.

lakeview3 - 2021-02-12 16:53:00
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lakeview3 wrote:

doesn't matter. 2 houses max per trust.


How many trusts can a person be involved with?

apollo11 - 2021-02-12 16:57:00
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apollo11 wrote:


How many trusts can a person be involved with?

well i guess that would need to be monitored wouldn’t it?

lakeview3 - 2021-02-12 16:57:00
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lakeview3 wrote:

well i guess that would need to be monitored wouldn’t it?


Are you sure you want government to manage this? Look at how well they've done so far.

apollo11 - 2021-02-12 17:04:00
26
apollo11 wrote:


lol. I prefer to think that my house has maintained it's value, but the money I have saved has been debased. Serves me right for not buying a rental.

True the whole system is rigged in the landlords' favour.

sparkychap - 2021-02-12 17:11:00
27
apollo11 wrote:


Are you sure you want government to manage this? Look at how well they've done so far.

what other way is there now? The whole system is jacked up and unfair for young people wanting to buy a house, the housing market is out of control and the whole thing has created poverty and turned people into money hungry dog eat dog all about me shells of their former selves. It ain’t pretty.

lakeview3 - 2021-02-12 17:18:00
28

Tauranga is broken because they didn’t do the infrastructure 20 years ago. Same stretches of road and more and more people squeezing in trying to be a close to the beach as possible.

lakeview3 - 2021-02-12 17:19:00
29
sparkychap wrote:

True the whole system is rigged in the landlords' favour.


Only when the prices go up. I don't have an issue with a capital gains tax, sparky - for all real estate. Income from all sources should be treated equally (and expenses too).

apollo11 - 2021-02-12 17:20:00
30
lakeview3 wrote:

what other way is there now? The whole system is jacked up and unfair for young people wanting to buy a house, the housing market is out of control and the whole thing has created poverty and turned people into money hungry dog eat dog all about me shells of their former selves. It ain’t pretty.


I hear you. But this is a global issue. Too much population growth, too much money being siphoned off by bankster elites.

apollo11 - 2021-02-12 17:24:00
31

This is the sort of thing that could have helped..... https://www.nzherald.co.nz/business/matrix-homes-receivershi
p-boss-sean-murrie-on-what-went-wrong/HZXKQLM6YME4N7V5S3YP4E
X54M/

apollo11 - 2021-02-12 17:27:00
32
apollo11 wrote:


I hear you. But this is a global issue. Too much population growth, too much money being siphoned off by bankster elites.

yup ????

lakeview3 - 2021-02-12 17:27:00
33

Better go, hubby home soon and haven’t got dinner on lol. ????

lakeview3 - 2021-02-12 17:28:00
34
lakeview3 wrote:

Better go, hubby home soon and haven’t got dinner on lol. ????

Yes, go and uphold the female in the kitchen stereotype.

sparkychap - 2021-02-12 17:33:00
35
sparkychap wrote:

Yes, go and uphold the female in the kitchen stereotype.

i will thanks at least I know what I am eating since I make it meself......I don’t weigh the same as I did 30 years ago for no reason yanno...... ????

Was gonna do poached eggs on avo toast (lazy) but instead I am making a couscous bean salad with feta, pesto and cherry tomatoes

lakeview3 - 2021-02-12 17:39:00
36
sparkychap wrote:

Yes, go and uphold the female in the kitchen stereotype.


My wife is an awful cook, so I get to do it. Just as well I enjoy cooking then.

apollo11 - 2021-02-12 17:41:00
37
apollo11 wrote:


My wife is an awful cook, so I get to do it. Just as well I enjoy cooking then.

lucky her!

lakeview3 - 2021-02-12 17:51:00
38
bryalea wrote:


Which won't help renters. Is there any reason that we as a family of a dozen adults that use the flat we have (and use frequently) should be taxed for it. When it was rented, often for years at a time we couldn't use it at all obviously.

air b an b it then you can use when you want.

gabbysnana - 2021-02-12 18:14:00
39
apollo11 wrote:


My wife is an awful cook, so I get to do it. Just as well I enjoy cooking then.

Snap. Nothing better than a few wines and cooking after a hard days graft.

sparkychap - 2021-02-12 18:21:00
40
lakeview3 wrote:

i will thanks at least I know what I am eating since I make it meself......I don’t weigh the same as I did 30 years ago for no reason yanno...... ????

Was gonna do poached eggs on avo toast (lazy) but instead I am making a couscous bean salad with feta, pesto and cherry tomatoes

Enoy it, young folks can't afford smashed avo AND buy a house these days.

sparkychap - 2021-02-12 18:22:00
41
sparkychap wrote:

Enoy it, young folks can't afford smashed avo AND buy a house these days.


Haven't you got a pot to stir?

apollo11 - 2021-02-12 18:24:00
42
apollo11 wrote:


Haven't you got a pot to stir?

.

sparkychap - 2021-02-12 18:33:00
43
gabbysnana wrote:

air b an b it then you can use when you want.

That is what i am planning on doing soon. No way under the current rules would i buy a rental and i need to buy some property very soon.

3tomany - 2021-02-12 19:18:00
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