Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

Housing Crisis What Housing Crisis?

Collapse
This is a sticky topic.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • but they've all got their hi viz on so we're under control.

    Comment


    • a good sign for this accord is that they couldn't arrange 5 chairs in the front row of the announcement for the 5 Ministers... I guess detail isn't any of their strenghts

      Comment


      • Money Go Bound



        $200m spend on "homelessness" no solution to rental shortage


        The $200 million allocated to Housing First today has no plan for extra housing and is welfare dressed up as solving the housing crisis, Tenancies War spokesman Mike Butler said today.

        The $200-million is for 1000 people over four years, or $961 per person per week. It is unclear whether this is on top of - or includes - any payments from Work and Income that recipients may receive.

        We have a housing shortage. A check on the Housing First website reveals that all they do is place their clients in dwellings leased from private residential rental property owners, Mr Butler said.

        Housing homeless without building more housing means that current renters would be displaced and this is no solution to a housing crisis, he said.

        We are still waiting for a meaningful response from this government to the housing crisis, Mr Butler said.

        Housing First includes the Auckland City Mission, Link People, Comcare Trust, Te Taumata O Ngati Whakaue Iho Ake Trust, and Lifewise.

        Since it was formed in March 2017, Housing First says it has housed 922 people, including 436 children.

        During that time, I've housed more than 100 people without a government grant of $961 per person per week, Mr Butler said. So have hundreds of other private residential rental property owners.

        Housing Minister Phil Twyford founded the New Zealand branch of Oxfam, Mr Butler said. Depending on how much of the $961 per person per week disappears in 'administration, salaries and other expenses,' this funding looks like money for Dhil's mates in the charity sector.

        Stop the War on Tenancies is a group that - since October 2018 - has been highlighting the evidence that successive governments have ignored. All the while, those same governments have been creating problematic rental property policy for residential property investors.

        Contact:
        Mike Butler 27-277 7295
        [email protected]
        Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

        Comment


        • People who lost money on properties had held them for a median 2.9 years.

          In the quarter, 3.4 per cent of houses sold at a loss, and 9 per cent of apartments.

          The west coast of the South Island had the highest proportion of loss-making deals. There, 34.6 per cent of the Grey District's transactions and 27.9 of Buller's were for a loss.

          Kaikoura was in third place at 18.2 per cent.

          He said the trend was likely to continue. "I don't think Auckland house prices are going to go anywhere - certainly not up - in the next year or two."


          https://www.stuff.co.nz/business/113...ies-for-a-loss
          have you defeated them?
          your demons

          Comment


          • So, because we are so frequently told that rents should be lower that the cost of owning the property because of the capital gain, now that there is no capital gain (or even a capital loss) rents should rise to be greater than the costs of holding the property. Right?

            Comment


            • i imagine many new investors

              who bought old, cold, rotting weatherboard bungalows on the west coast

              because they were cheap/affordable

              are now selling up as the costs to bring them up to the new rental standards

              is greater than the minimal rent they produce
              have you defeated them?
              your demons

              Comment


              • Originally posted by flyernzl View Post
                So, because we are so frequently told that rents should be lower that the cost of owning the property because of the capital gain, now that there is no capital gain (or even a capital loss) rents should rise to be greater than the costs of holding the property. Right?

                Looking to fly home business class?

                Comment


                • Would be interesting to see if there is any comparison between wage growth since 2007 and house prices.
                  Escape is easier than change!

                  Life Insurance | Income Protection

                  Comment


                  • probably 1 to 10?

                    google is your friend...
                    have you defeated them?
                    your demons

                    Comment


                    • Originally posted by LifeBroker View Post
                      Would be interesting to see if there is any comparison between wage growth since 2007 and house prices.
                      wages about the same, house prices doubled

                      Comment


                      • Originally posted by LifeBroker View Post
                        Would be interesting to see if there is any comparison between wage growth since 2007 and house prices.
                        Wages up 40%
                        Houses up 69%
                        CPI up 24%

                        Comment


                        • Interest rates down 50%

                          Comment


                          • Originally posted by Bob Kane View Post
                            Wages up 40%
                            Houses up 69%
                            CPI up 24%
                            Any sources?
                            Escape is easier than change!

                            Life Insurance | Income Protection

                            Comment


                            • Originally posted by LifeBroker View Post
                              Any sources?
                              any effort to find them?
                              have you defeated them?
                              your demons

                              Comment


                              • Originally posted by LifeBroker View Post
                                Any sources?
                                www.stats.govt.nz

                                Comment

                                Working...
                                X