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NZ mortgage giant warns of 'outright house price fall

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  • #31
    you're kind of missing the point Beginner. All I am saying is that any desirable city has pretty much blue sky housing prices. It's not a problem it just is what it is.
    And whatever tinkering they do will ultimately put more wealth into the hands of the wealthy and penalise the relatively poorer demographic.
    A high speed rail line between Auckland and Hamilton and opening up subdivisions on that rail line from Drury to Hamilton is a far better solution that hammering people who are providing a service to needy people.

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    • #32
      The theory of high speed rail is great but the cost makes it a 'pie in the sky' idea. It only works in countries that have the demographic or wealth to pay for it.

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      • #33
        And once the prices drop, you can say it's a non desirable city, without once having defined what it is people are buying.

        It's a clever catch 22 non statement. I enjoyed it.

        But if "it is what it is", and nothing is ever a "problem" but rather "just stuff that happens", should we punny mortals try to mess with the will of the gods by building rail links to Hamilton, or letting central banks print debt?

        Civilisation has never been about "it is what it is", but rather its about making it into what we want it to be.
        Although great dead civilizations of the past prove that you need to keep your eye on the practical things also.

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        • #34
          I didn't say "nothing" was ever a problem. I said high prices in Auckland aren't a problem. Developing cheaper land and having a fast rail system or similar is a good way to make sure the poorer can still commute and work in Auckland.

          Just as they do in America all the hispanic areas have to be commutable to the jobs otherwise there would be no cleaners, cooks or construction workers in many cities.

          Of course it is unlikely but it is the best idea I have ever heard to solve the issue. I doubt it's unaffordable the govt and council just need to think differently. In the same way we could have had our Harbour Bridge for free we could have international solutions to fast rail for free.

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          • #35
            Everybody can relax... This weeks random article generator had the ANZ bank saying market is cooling - "Now that should not be confused with us saying we are expecting a correction or anything like that,"

            You mean the outright call you predicted last week??


            How do these clowns have any credibility?



            http://www.stuff.co.nz/business/8593...cid=app-iPhone

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            • #36
              Originally posted by Bobsyouruncle View Post
              I didn't say "nothing" was ever a problem. I said high prices in Auckland aren't a problem.
              Ah, apologies, I'm just trying to get a line on how you see things.
              To me, a city, ( or country ) is similar to an equation, or a machine or an organism.
              They either work elegantly, efficiently and reliably, or they are a problem.

              And I've already stated, on many occasions, how financially and practically, and even ethically, we have a problem.

              But to the main topic,
              I've always got my feelers out there for any whiff of the global economic zietgiest, I'm seeing tiny movements all across the world pointing to agreement with the "take care" approach.
              Last edited by McDuck; 02-11-2016, 07:36 AM.

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              • #37
                I think it's more like than take care but that is not really the discussion. Coneheads keep trying to "solve" Auckland's high prices. This is a non existent problem just as it is in every other similar city. No one has solved it because it's not a real problem. It's just that it doesn't sit well with the left leaning socialist style rhetoric that is so PC these days.

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                • #38
                  Originally posted by Bobsyouruncle View Post
                  It's just that it doesn't sit well with the left leaning socialist style rhetoric that is so PC these days.
                  I'd suggest that it doesn't sit well with people who can't afford to live near where they work.

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                  • #39
                    I am sure that is true in some cases Wayne but doesn't change the fact that living in a great city has it's costs. My Nephew for example lives now in Seattle. He bought a home about 1.5 hours from where he would like to live because he could afford a 400K house not a 2 million dollar one. It's called life.
                    We live, (when in NZ), in a 70 sqm @#%&%& to be in an area we like because we can't afford an average home there.

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                    • #40
                      There's an idea - live in Hamilton and commute to Auckland.
                      Hamilton has one or 2 cafes

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                      • #41
                        Some people already do exactly that. NOrth side of Hamilton and work in Manukau. I used to live in Paparimu and had a business in Albany. That was a 90 minute drive if I didn't get on the motorway before 6AM. And that was more than ten years ago.

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                        • #42
                          Originally posted by Bobsyouruncle View Post
                          This is a non existent problem just as it is in every other similar city. No one has solved it because it's not a real problem. It's just that it doesn't sit well with the left leaning socialist style rhetoric that is so PC these days.
                          So what would constitute a problem in your view?
                          I'm only asking because I still can't find any hint of a cohesive economic or ethical or practical core to your words.

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                          • #43
                            Something that is fixable. Something that is a real problem. Breathing is normal, gravity is normal. Nice cities having expensive housing is normal. It is only "fixable" by applying socialist or communist style solutions.

                            Your terminology belies your belief it is a problem, hence looking for a cohesive, ethical or practical solution. But there is nothing to solve.

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                            • #44
                              The only "problems" we do have with housing in Auckland IMHO are:
                              Red tape to get subdivision and building consents
                              and the various increases in compliance and reduction in tax benefits pushing rents even higher than they would otherwise be.

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                              • #45
                                Originally posted by Bobsyouruncle View Post
                                Something that is fixable. Something that is a real problem. Breathing is normal, gravity is normal. Nice cities having expensive housing is normal. It is only "fixable" by applying socialist or communist style solutions.

                                Your terminology belies your belief it is a problem, hence looking for a cohesive, ethical or practical solution. But there is nothing to solve.
                                Ah, I'm starting to get a little window into your world now.
                                So what did you think of Teddy Roosevelt's trust busting activities?

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