Easter Bunny... Tooth Fairy ... Santa... Kiwibuild
Announcement
Collapse
No announcement yet.
KiwiBuild - Labour's latest spectacularly stupid idea.
Collapse
X
-
any idea what happens when the shared equity owner starts to fall behind on their mortgage payments?
- Will the government take on the payment in order to not risk their 15% equity?
- Will the government foreclose on the tenants and take back the property?
- Will the government give up their 15% equity to the bank who forecloses on the majority owner?
Perry - chalk up this prediction of an increase in mortgagee sales in 5 or so years after this project gets underway
Comment
-
Originally posted by flyernzl View PostWhat stuns me is that I, along with almost everyone else involved with property, pointed out that they had no chance of implementing their plans.
We were then abused, vilified, accused of being ignorant and selfish, and told we did not know what we were talking about.
Seems we were right after all.
Landlords and quick buck Johnnys have always been vilified.
To be honest, the senseless masses will vilify almost anyone or anything for the most unreliable of reasons.
So don't feel singled out.
As for this whole Kiwi build thing, yes, once the wide public infrastructure was dismantled (some say by Rodge the dodge), then it was never going to be a short road to reactivate it.
Possibly the selfless behavior and group coordination, practiced by New Zealanders during the second world war, were a crucial ingredient in the building of people of character - who could do things effectively.
A clear vision and a bunch of primates working together is what you need.
At the moment each generation has a different goal.
Get your monkey business together people!
Comment
-
Originally posted by Don't believe the Hype View Postany idea what happens when the shared equity owner starts to fall behind on their mortgage payments?
- Will the government take on the payment in order to not risk their 15% equity?
- Will the government foreclose on the tenants and take back the property?
- Will the government give up their 15% equity to the bank who forecloses on the majority owner?
Perry - chalk up this prediction of an increase in mortgagee sales in 5 or so years after this project gets underway
There is an official fact sheet on 'progressive home ownership' at the below link. The term 'fact sheet' is used loosely as there are actually no facts in it at all. There are however example references to the third party that will be providing part funding (no rent but share in capital gains if any) or discounted rents without saying who those parties might be. Maybe charitable providers that are probably part funded by the taxpayer. Or the government, funded by, you guessed it. Or private sector owners. I guess they'll be lining up to receive no or discounted rent, and maybe remain liable for future issues.
There are no details yet, of course.
Comment
-
Thanks Artemis
I would assume that once you sign a rent to buy you're now responsible for maintenance and accidental damage caused by the tenant (i.e. you)... if this is the case I can see some upside in the reduction in cost to maintain these houses and fix the damaged caused by these ex tenants now owners.
Comment
-
Originally posted by Don't believe the Hype View PostThanks Artemis
I would assume that once you sign a rent to buy you're now responsible for maintenance and accidental damage caused by the tenant (i.e. you)... if this is the case I can see some upside in the reduction in cost to maintain these houses and fix the damaged caused by these ex tenants now owners.
Details, details, until it goes pear shaped.
Need to bear in mind that the new tenant/owners are probably lower income with little or no savings history and highly vulnerable to a change in circumstances.
Comment
-
Originally posted by Don't believe the Hype View PostPerry - chalk up this prediction of an increase in mortgagee sales in 5 or so years after this project gets underway
I doubt it will ever happen. Even with the much-talked-about super-powered Urban Development Authority, will the present comic opera crowd even get started before angry voters show them the door to the wilderness, next year?
As flyer pointed out, practical, intelligent people with even modest experience will tell Taxcindarella et al about the impossibility of success. That counsel will be ignored and another flop will then later need to be 'reset.' Or whatever other euphemistic word for failure is chosen.
As always, this is a massive smokescreen of symptom chasing. The problems remain the same and largely unchanged.
Comment
-
Everyone's To Blame
A long 'opinionated' diatribe from Barnyard Thickey on botched-kiwi-build, here.
But he may've got this bit right, at least. (in bold)
Originally posted by StuffLabour could have taken that action, but it has dawned on it once in Government that property owners don't actually want to change the situation and the power of the existing web of status quo is enormous. Councils can't and won't pay for housing infrastructure. Voting ratepayers and taxpayers don't want to pay for the massive city re-engineering costs (new rail lines and large scale medium density housing) necessary to solve this problem.
Comment
-
the reset failed to address let alone remedy the glaring structural faults in the KiwiBuild model.
These are described in Cabinet papers as as the “fundamentals of land supply, development capacity and infrastructure provision”.
These documents highlight problems with the planning and consenting requirements faced by developers in bringing new housing to the market, as well as the high price of land and chronic deficiencies in infrastructure to get work under way on subdivisions.
Further examples of the obstacles to affordability include shortages of soled labour in the construction sector along with high construction costs.
have you defeated them?
your demons
Comment
-
those lefties in Aus not achieving much more than Fail Twitford and One Term Ardern -
https://www.theage.com.au/national/v...08-p52p67.htmlLow-cost housing scheme 'gave landlords and developers $1 billion' - theage.com.au
In exchange, landlords are required to provide a 20 per cent discount to eligible tenants each year. ‘‘The problem is, $11,000 is much more money than the developers need to cover the rental ...
www.theage.com.au
Comment
-
deflect... deflect... deflect
"Let's bear in mind the previous Government had a target of 39,000 houses through their Special Housing Areas, they delivered 3100," said Dr Woods.
Except that 3100/39,000 is 7.95% of the target whilst 258 in 2 years (of which many were already started under the last government) is about 4% so roughly half what the last government achieved without making it a flagship policy.
The other thing Dr Woods might want to understand is the performance of the previous government got them relegated to opposition - doing worse than they did isn't something to be proud of or continually compare yourself to
Time to go ONE TERM Ardern - although to be fair you've improved my CF greatly
Comment
-
Originally posted by eri View Post
In total, these changes are estimated to reduce net migration by 20,000-30,000. Without these changes there would be up to 10,000 more houses needed and up to 20,000 more vehicles on our roads annually. Our immigration system will be regularly reviewed to ensure it is functioning well.
Student Visa Limiting visas and ability to work for low value courses A fall of 6,000-10,000 Post Study Work Visa - Open Remove work visas without a job offer for lower level qualification graduates A fall of around 9,000-12,000 Work Visas Regionalise the occupation list and ensure that employers hire Kiwis first A fall of around 5,000-8,000 Estimated Reduction 20,000-30,000
Labour will be running a positive, forward-looking campaign that's focused on cutting inflation, bringing down the cost of living, keeping people and communities safe and investing in education, health and housing.
They haven't done a thing about immigration, which surely would have helped the housing situation.Last edited by Davo36; 09-09-2019, 10:21 AM.Squadly dinky do!
Comment
-
Comment