- #1724744Hero42 July 10, 2019 at 4:08 pm
I know some on the fundamental right will not learn or change but my message is not just for them.
I put the facts out there so others reading the posts won’t be misled by the erroneous posts.
Cheers 🙂#1724745Hero42 July 10, 2019 at 4:09 pm
Having these discussions helps one find all sorts of interesting in formation when one researches the subject.
Here are a couple of things I came across which helps make sense of the housing issue.
In the 60s and 70s 30% to 35% of new houses were entry level builds. Now entry level builds are about 5%
Over the last 25 years the average size of houses built has gone from 126 square metres to over 200 square metres.
Just goes to show what the free market will do to maximise profits at the expense of society.
Little wonder new houses are becoming less affordable.
Cheers 🙂#1724746Hero42 July 10, 2019 at 4:15 pm
You are right the rental market does affect the housing affordability.
We need to remember that investors who are buying properties for rental have access to bigger mortgages because they have an existing property, either their own home or other rental properties, to put up as security to the banks. This gives them more funds to spend and they can out bid new home buyers to get the property they want which forces prices up.
The fact the mortgage will be financed by the rental income removes the worry about the size of the mortgage and also allows them greater scope in getting a bigger loan.
The higher rents then make it harder for new home buyers to save up a deposit to get into the property market.
So investors buying houses for rental purposes does have a big effect on housing affordability.
Cheers 🙂#1724763AnonymousMember since:
Replies: 2017Anonymous July 10, 2019 at 6:56 pm
Perhaps Mrs Google will auto-translate for the comprehension impaired.
Help is available for those who reach out, but for those with long necks and a plentiful supply of sand it’s a case of pushing the proverbial uphill.#1724771AnonymousMember since:
Replies: 2017Anonymous July 10, 2019 at 7:35 pm
Oh the kindness of the taxpayers shelling out for our adored Prime Ministers to take the Airforce plane to the Cooks for a private holiday, a wedding, to film an episode for boyfriend’s fishing show, free transport for the ute and boat, a special wee girl’s birthday party plus a junket for all the media, for all the free PR that will be bestowed in the year of eliminating poverty.
As the no new taxes taxes inflict further hardship on the brainwashed serfs, their level of poverty worsens as if it doesn’t matter a bit. Them going without the necessaries of life in warm, dry, healthy shelter, adequate healthy food and warm clothing is just unfortunate . Koha $millions had to be shelled out to the islands in order for the anointed one to be treated like royalty.
The queues at all the Winz offices grow longer but the special needs grants become less and less. Special needs grants for those at the top must be catered for first.
Fiddling while Rome burns come to mind. Never mind eh.#1724774dr-whoMemberMember since: April 12, 2017
Replies: 169dr-who July 10, 2019 at 7:40 pm
Medice, cura te ipsum.#1724790jensMemberMember since: May 3, 2006
Replies: 7684jens July 10, 2019 at 8:22 pm
dr-who – and other Grownups – perhaps the “Third Way” leads to the cure of (housing) shortages and poverty ?#1724797doogieMemberMember since: March 27, 2006
Replies: 6408doogie July 11, 2019 at 8:39 am
You yourself a right about rental property owners. The failures of kiwi build is playing into their hands . Good to see you knowledge kiwi build misadventures are icing their cakes.
Kiwi build total completed to date- 202
- This reply was modified 5 months ago by doogie.
Replies: 2017Anonymous July 11, 2019 at 9:10 am
Doogie, where did you get that Kiwi build total completed to date- 202 from? Most if not all I’ve read about are those that private companies have built speculatively and unable (for varying reasons) been unable to sell. Phil came along and said we’ll have those and slapped Kiwibuild stickers on them and even then, some are still not sold.#1724800doogieMemberMember since: March 27, 2006
Replies: 6408doogie July 11, 2019 at 9:17 am
Attached is a daily summary developed by STUFF along with the methodology used to arrive at the daily total.
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