Auckland houses less affordable than New York

[Bob Kane]

Yeah, nobody listens.

What outcome were you hoping for?

[Davo36]

Putting the acrimony to one side, how about we look at the problem.
All seem to agree that the ratio of house prices to average income has changed.
We should look at the price of a new house. This price (generally speaking) also sets the price for existing houses, particularly for first house buyers.
....
This is where I think we should point the bone. Unfortunatly, the problem is a sociological one. Over the past 40 years we have constructed a society where everyone must be allowed an opinion (thus there is always someone against what is being proposed, and that someone must always be allowed to appeal and hinder everything) and in which if anything happens it is always someone else's fault and that someone should pay. Thus in self defence local Councils have been forced into excessive procedural rules and regulations that result in soaring costs.

That's my opinion. We will not change what we have created until we undo these attitudes. I also fear that this is not going to happen (too may careers at stake) and that we are stuck with it.

Good post FlyerNZL, I agree with this.

And as Perry said the other day, this is why developing countries can catch up. They don't have 50 years of bureaucratic rules to overcome.

Sure you have to flick the local boss/mayor/warlord some money and his cohorts too but it's much quicker and cheaper than the legalised theft process we have in westernised countries.

[ChrisD]

The Demographia report is dreadfully biased and inaccurate. It only compares NZ with six other countries, and it fails to consider the majority of factors that influence house prices! Demographia’s findings have been thoroughly debunked here...

Demographia Debunked

s4.zetaboards.com/Australian_Property/single/?p=8088131&t=8298993

The system won't let me post the proper URL for some reason, so you need to put http in front of that!

There are huge flaws in the Demographia survey, and their use of median house price to median income is very blunt.

Cheers,

Nos.

Cheers, I'll take a look at this today.

[ChrisD]

Let it go spaceman.

[spaceman]

..... or "left" either

Cheers
Spaceman

[eri]

Being correct doesn't have anything to do with being "right"

[LKSteve]

Feel better?
You've posted that rant so many times that we now know it off by heart.

Yeah, nobody listens.

[spaceman]

Lolz

People, people, people
please don't argue with Spaceman
he is so one eyed
even the Cyclops would have trouble winning.

Being correct doesn't have anything to do with being one-eyed.

You may or may not be deluded enough to believe that it is possible to generate a median from a single value..... but trust me it is impossible ......asdr flailing around looking for a way out when his own link states that a what a median is and that it needs a statistical distribution and it is blindingly obvious (see what I did there????) to anybody who can read properly that for there to be a statistical distribution you need more than 1 value.... you need values with a "s" and to find the median you need to order your values.

You may well spend your spare time ordering groups of one along with adsr......calling a single cow a herd ....calling a single sheep a flock....... those with a bit more common sense can see the futility.

Cheers
Spaceman

[Bob Kane]

Mr Key's determination that we live in 'New Zealand, not Fantasy Land' is about 5 years too late to save the economy from toppling over a cliff. Hold onto your britches everyone.

Feel better?
You've posted that rant so many times that we now know it off by heart.

[Taupo Tiger]

People, people, people
please don't argue with Spaceman
he is so one eyed
even the Cyclops would have trouble winning.

[asdr]

From your link ....The median of a statistical distribution with cumulative distribution function ......

You may well be stupid enough to count a single value as a statistical distribution.

I said "the definition of statistical median for order statistics". There is even a link there that explains order statistics for you.

[spaceman]

Lolz

See the definition of Statistical Median for order statistics with N=1 (median = Y1) or use a calculator.



It's the national median for the major markets within the nation, like it says in the title of the table.

From your link ....The median of a statistical distribution with cumulative distribution function ......

You may well be stupid enough to count a single value as a statistical distribution..... however most people would disagree with you.... an arrangement of values of a variable showing their observed or theoretical frequency of occurrence ...... the little "s" at the end of values might well be meaningless to you, but trust me it is important.

Cheers
Spaceman

[asdr]

Demographia Debunked

s4.zetaboards.com/Australian_Property/single/?p=8088131&t=8298993

The system won't let me post the proper URL for some reason, so you need to put http in front of that!

I'm afraid that must be the wrong link, all I can see there is a listing of price surveys which (bar one) completely ignore affordability because they don't consider local incomes at all. When you're trying to "debunk" an affordability study, it's probably best to restrict yourself to other affordability studies. Several of them aren't even about house prices.

[Nosferatu]

Demographia Debunked

Having read the report, the methodology and conclusions appear sound to me.

The Demographia report is dreadfully biased and inaccurate. It only compares NZ with six other countries, and it fails to consider the majority of factors that influence house prices! Demographia’s findings have been thoroughly debunked here...

Demographia Debunked

s4.zetaboards.com/Australian_Property/single/?p=8088131&t=8298993

The system won't let me post the proper URL for some reason, so you need to put http in front of that!

There are huge flaws in the Demographia survey, and their use of median house price to median income is very blunt.

Cheers,

Nos.

[asdr]

You can't have a median as there are no higher or lower values .... the median is the middle value of an ordered set of values

See the definition of Statistical Median for order statistics with N=1 (median = Y1) or use a calculator.

This is also stupid..... if the column was headed Median it would make sense (for the countries with more than 1 value)...however it is headed National Median.

It's the national median for the major markets within the nation, like it says in the title of the table.