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  1. #31
    Join Date
    Apr 2005
    Posts
    2,891

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    Quote Originally Posted by flyernzl View Post
    A very good article by Tim Hazeldine in the Herald

    http://www.nzherald.co.nz/opinion/ne...ectid=10865494

    I particularly like the comment
    "We read that home ownership rates have declined, to 65 per cent. Well, actually, last time I checked, home ownership rates were bang on 100 per cent: every NZ home was owned by someone."

    .
    You’ve misunderstood the commutative law.
    Every house being owned is not the same as everyone owning a house.
    I think they teach you this in the very first year of school…or at least they did when I was five.

  2. #32
    Join Date
    Oct 2007
    Posts
    371

    Default

    You could build a basic no frills 100m2 3bedroom first home for around $1500/m2 on flat land= total cost of $150000approx . Now add the land cost on --- There are not many places where you could get a section for less than $100000. The land cost is the real issue. WHY ??? The way the RMA functions and council greed. You need big money to be a land developer. Those that have the capital work the system (set up by councils/RMA) to their advantage--and the same wealthy people buy up farmland years ahead of rezoning, and eventually eke the supply out. Supply and demand sets high section prices.
    The system is causing the problem

  3. #33
    Join Date
    Nov 2011
    Posts
    445

    Default

    If everyone lives in the house does not mean everyone owns the house. I personally do not consider owning anything until it I is paid off in full. You know you can always lose your house if you fail to pay your mortgage. The truth is: only few people can actually afford buying a house. Most of us spend half of our lives to pay off our mortgages and loans...
    Last edited by Perry; 16-02-2013 at 12:07 PM. Reason: disabled smilies

  4. #34
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,878

    Default

    Quote Originally Posted by mattinvestor View Post
    Most of us spend half of our lives to pay off our mortgages and loans...
    And then retire without the stress of paying rent or a housing loan.
    Last edited by Perry; 16-02-2013 at 12:08 PM. Reason: fixed typo

  5. #35

    Default

    Quote Originally Posted by eri View Post
    nz wants/demands

    1st world; wages, pensions, benefits and housing

    and expects to pay for it all with 2nd world productivity

    doesn't work

    never has

    never will

    New Zealand ranks 22nd among the 30 OECD nations in terms of labour productivity

    http://www.treasury.govt.nz/publicat...p/08-02/05.htm

    Second that!

  6. #36
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,447

    Default

    Quote Originally Posted by flyernzl View Post
    As far as I can tell, building a new house costs at least as much as buying an existing one.
    Also, I do not see any builder of new houses making extravagant profits. Just a normal business profit at best. "Affordable" (ie low income) housing is not profitable to build, which is why no-one is doing it.
    Therefore I cannot see how building more new houses will reduce the overall price level (unless, as Labour and the Greens seem to propose, there is a taxpayer subsidy on the new builds).
    Well when I said we need to build more homes, I meant we'd have to do a bunch of things to do so. Things like:

    • rezone a bunch of land for residential development.
    • make brownfields sites available to developers - that is the government sells it to them - on builders terms, i.e the builder pays once they units are sold.
    • remove things like development contributions and all the other layers of fees.
    • process resource and building consents way faster and cheaper.
    • in fact, throw away most planning regulations.
    • let overseas players bring in cheap materials. Currently when they do, they get accused of 'dumping' by the big NZ players and forced to stop e.g. plasterboard from Thailand.
    • perhaps relax the building standards a bit so that perhaps every home doesn't have to built as though we live in Germany.




    They are doing most of these things Britain now. Why? Because up until recently building a house was nigh on impossible and they have an increasing population.

    And it's these things which would bring down the cost/price of a house over time.
    Last edited by Davo36; 16-02-2013 at 02:50 PM.
    Squadly dinky do!

  7. #37
    Join Date
    Oct 2007
    Posts
    371

    Default

    Davo is on the right track

  8. #38
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,418

    Default

    I think that there can be little doubt that however
    one describes the alleged 'housing' or 'affordability'
    problem, those who most complain about it are the
    ones causing it. The pious hand-wringing & crocodile
    tears are the epitome of hypocrisy.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  9. #39
    Join Date
    Jun 2012
    Location
    Auckland
    Posts
    84

    Default

    He made some interesting points, but notice what his job is? Professor of Economics at Akl Uni. Is this a person who is living in a mouldy cramped apartment with noisy neighbours? I think not.

  10. #40
    Join Date
    Nov 2011
    Posts
    445

    Default

    Quote Originally Posted by Keys View Post
    And then retire without the stress of paying rent or a housing loan.
    You are right, but with the economy today it is more and more people who buy houses and then end up in foreclosures. I personally do not like take loans. If I cannot buy it with my own cash, I just do not buy it.


 

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