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AFFORDABLE Housing Crisis.

This topic contains 463 replies, has 21 voices, and was last updated by Profile photo of mommabear70 mommabear70 > 7 days ago.

Discussions Politics Today AFFORDABLE Housing Crisis.

Viewing 10 posts - 391 through 400 (of 464 total)
  • #1683616
    Profile photo of Hero42Hero42
    Member
    Member since: July 18, 2008
    Topics: 65
    Replies: 11301
    Hero42

    Mommabear
    There are undoubtedly oversea’s buyers buying property in various places across the country but clearly the investors are focusing on central Auckland (18.7%) and Queenstown (9.7%).

    Clearly the opposition are focusing on the overall numbers to downplay the situation but that doesn’t change the fact the oversea’s investors with cash are going for the property that they believe will give them the best return.

    Cheers 🙂

    #1683622
    Profile photo of TedETedE
    Member
    Member since: May 6, 2006
    Topics: 5
    Replies: 2156
    TedE

    Housing is a need of us all. There is not enough available. It needs to be provided. We have a responsibility to make the changes required to make it available. It is the same for education and health treatment.
    The government is getting on with it, so let them.
    If it means fewer tax breaks for the wealthy so be it.
    If it means I need to pay more tax so be it.
    I feel very fortunate that i have been able to provide for our family and I would like all young people today to have the same opportunity. Presently that is not there.

    TedE - Papakura -

    #1683668
    Profile photo of lilith7lilith7
    Member
    Member since: April 9, 2017
    Topics: 2
    Replies: 1627
    lilith7

    I think most of us would agree with that, TedE.

    Its no longer the egalitarian country which we grew up in, & has become far more money focused & unequal & I believe that needs to change if we’re to make progress.

    #1683681
    Profile photo of halcyonhalcyon
    Member
    Member since: May 4, 2014
    Topics: 9
    Replies: 4568
    halcyon

    TedE, you say that housing is a need for all of us. But do we all need to own a house? I would draw attention to the model used in some of the European countries. There the percentage of home ownership is far lower than in NZ. Many of the homes are owned by Pension Schemes. The landlord maintains the building and the outside. The tenant is responsible for the interior, including stove carpet and drapes.

    This does not equate to poverty. A friend’s mother died about a year ago. She left an estate worth approximately $40,000. And the family were not middle class by any means, the husband was a gardener at the local Nunnery. Therefore his pay would have been at the lower end of pay. But by saving a small amount each week in the Pension Scheme they grew an asset.

    Maybe the time has come for more agencies to develop like the old Buildings Society, where those who invest can benefit by being shareholders in housing at the same time as developing an asset to assist with their pension needs.

    There are 10 types of people. Those who understand binary and those who don't

    #1683694
    Profile photo of Hero42Hero42
    Member
    Member since: July 18, 2008
    Topics: 65
    Replies: 11301
    Hero42

    Halycon
    We don’t need to own a house but we do need a house to live in.

    New Zealand as a society is going through a transition from a place were most of us aspired to being home owners to one where most will be renters if the current trend continues.

    If we as a society are happy to go down that path we need to consider how we want that rental model to work.

    The European model or the current NZ model with landlords holding too much power and not exercising enough responsibility.

    But while we are considering the options we need to get on and build the houses as there are too many people sleeping in cars.

    Cheers 🙂

    #1683783
    Profile photo of halcyonhalcyon
    Member
    Member since: May 4, 2014
    Topics: 9
    Replies: 4568
    halcyon

    Hero, I agree the current NZ model is broken. As you rightly identify, there are landlords who do not exercise adequate responsibility. Likewise , there are tenants who do not exercise adequate responsibility. This is why I favour the Continental model with Landlords being responsible for the exterior and the tenant  responsible for the interior.

    This would solve many problems. It would be the landlords responsibility to ensure the house was watertight and that the outside appearance of the property was maintained in keeping with the neighbourhood. Conversely, the tenant would be responsible for maintaining the inside of the property at a level of hygiene that they are comfortable with. Therefore if a tenant (for example) was prepared to allow the manufacture of  ‘P’ in their home then they would have to live with the consequences. The problem would not come back on the landlord.

    As we are considering future models maybe it is time to consider another term instead of landlord. The owner of the property may not be male. And landlady sounds a little sexist as well as not being an inclusive term.

     

    Cheers     🙂  🙂

    There are 10 types of people. Those who understand binary and those who don't

    #1683792
    Profile photo of TedETedE
    Member
    Member since: May 6, 2006
    Topics: 5
    Replies: 2156
    TedE

    Two things are being addressed at the moment by the present Govt that may really change the situation for our Grandchildren.
    1 The Kiwi build will make a difference to the capital cost of homes and will have an affect on the rental market. It does rely on the Government being in long enough to see it through.
    2 The financing model that will emerge could be along the lines of the state Advance model that we were involved with and that will make an even bigger difference.

    Finally I hope that we manage to change the building materials situation that cannot be justified. Currently materials are far more expensive than they should be, we shoould be able to change that, whether it is done by regulation or competition, the costs should be significantly changed.

    TedE - Papakura -

    #1683795
    Profile photo of jensjens
    Member
    Member since: May 3, 2006
    Topics: 22
    Replies: 7353
    jens

    Herewith   some points containing  explanations and  solutions to the affordable housing  and renting  observations in all the  previous 5 postings  –  including  everyone’s  beginning  with TedE’s right  down  to halcyon’s:

    1. Large  property investors like  e.g.  pension  funds  are  capable of  building multiple  flat  buildings at  lower  rentals  per  flat  than  small  “couple of  flat” investors. I believe  this is the  situation in all  the big  cities where the  majority are  flat  dwellers.

    2. The  higher a basic long term  universal (retirement) wealth ownership creative  savings  rate we have (built into the  taxation system) – the  more  capital  will be  available  for  housing, the  universal need  for all of us.

    If that is not refuted as  “pie-in-the-sky”,  then  a meaningful  discussion  can  take  place which may  have  some political influence eventually –  to  help resolve all the  current  housing  needs, efforts and ambitions.

    #1683796
    Profile photo of jensjens
    Member
    Member since: May 3, 2006
    Topics: 22
    Replies: 7353
    jens

    Yes TedE  – But if  the  “State  Advances model” is not on the  economic  profitability  principle,  it  can only be a  limited and  temporary “side  show”, if  it is not to become an  impoverishing  burden.

    But perhaps  flats in big  buildings  can be  priced at lower  lower  purchasing and rental costs to make “State  Advances”  style  financing profitable?

    #1683834
    Profile photo of TedETedE
    Member
    Member since: May 6, 2006
    Topics: 5
    Replies: 2156
    TedE

    So the State Advance Model was not profitable?
    State house model was not profitable?
    What sort of return do you need to call an investment profitable?
    What measure do you use to define profitability?

    TedE - Papakura -

Viewing 10 posts - 391 through 400 (of 464 total)

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