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  1. #3201
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    Quote Originally Posted by westerly View Post
    Only on your side of the fence

    westerly
    What is the view that NZers have of Jacinda that is different from the one that Australians have of her? I doubt if it's any different worldwide.

  2. #3202
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    Quote Originally Posted by artemis View Post
    Changes to LVRs also a big driver. Compare bank lending for rentals in 2016 to now (Reserve Bank report c31). Not that the LVR changes achieved the desired result in the property market - lower or stable prices basically.

    Accommodation Supplement. Going by the number of rent arrears cases in the Tenancy
    tribunal (tens of thousands a year) and not forgetting the tenants that are taken to non-published mediation or just get 90 days notice, not all tenants pay the AS to their landlord. When the AS came in it applied to private and public rentals. All tenants on the same footing and the private sector would provide for most tenants. Labour changed that, brought back income related rent subsidy for state tenants at 3 x the AS subsidy. Couple that with significant other costs and compliance on landlords, and not hard to predict what has happened.

    Apart from rent subsidies, public housing is very expensive for the taxpayer to build, manage and maintain. Compare that with the cost to the taxpayer of providing private rentals.
    Only if looking only at the direct costs. Add in the indirect costs like the extra cost to the health system from the substandard housing the private landlords are wont to provide, and the economic drag of extra high mortgages for regular owner-occupiers that limit spending in the real economy. And it has the effect of suppressing wage growth too, don't need to pay people living wages, they can put their hand out to govt for AS instead..

    Not that I agree with the way state houses are being run, the no-eviction policy is rubbish, the ****ty state housing tenants need to be moved to suitably constructed housing (concrete block construction.. feel free to try to punch holes in the walls you animals)

    Nope, the govt is getting on with building state housing as fast as it can, and it needs to keep this up until they can wipe the accomodation supplement from the list of avaliable benefits.

  3. #3203
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    Quote Originally Posted by fungus pudding View Post
    What is the view that NZers have of Jacinda that is different from the one that Australians have of her? I doubt if it's any different worldwide.
    Is this what you mean Westerley?

    https://www.stuff.co.nz/entertainmen...jacinda-ardern

    I'd be surprised if Price's views are common over there. Aderne is generally likeable everywhere, which is not a comment on her political views. In fact it's only her charisma holding the current dismal bunch of dead-beat Labour politicians together.

  4. #3204
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    Quote Originally Posted by Vagabond47 View Post
    Only if looking only at the direct costs. Add in the indirect costs like the extra cost to the health system from the substandard housing the private landlords are wont to provide .....
    Most private rentals are not slums, and even fewer will be as new standards are enforced. Of course, some of the 'substandard' places will go on the market as not economic to improve to the required level. Maybe in cities where rents are $500+ a week, but try upgrading rural or provincial homes where the rent is $170 pw and willingly rented by those on a low income. Owners might prefer a new implement shed to spending thousands to upgrade.

    And would also point out that a major cause of health issues is overcrowding, with sickness often due to damp and mould caused by too many occupiers not opening windows or even curtains.

    Not to worry though, landlords don't need to stay in the sector. It's the Golden Rule - the ones with the gold make the rules.

  5. #3205
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    https://www.nzherald.co.nz/nz/news/a...ectid=12301240

    Desperate rental situation - so much for ‘Let’s Do This’.

    Bring on the election!

  6. #3206
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    Quote Originally Posted by artemis View Post
    Most private rentals are not slums, and even fewer will be as new standards are enforced. Of course, some of the 'substandard' places will go on the market as not economic to improve to the required level. Maybe in cities where rents are $500+ a week, but try upgrading rural or provincial homes where the rent is $170 pw and willingly rented by those on a low income. Owners might prefer a new implement shed to spending thousands to upgrade.

    And would also point out that a major cause of health issues is overcrowding, with sickness often due to damp and mould caused by too many occupiers not opening windows or even curtains.

    Not to worry though, landlords don't need to stay in the sector. It's the Golden Rule - the ones with the gold make the rules.
    Excellent, the more landlords that sell up because they cbf providing decent housing the better.

  7. #3207
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    Quote Originally Posted by Vagabond47 View Post
    Excellent, the more landlords that sell up because they cbf providing decent housing the better.
    Why is that ? Do you think that would make rents more affordable ?

  8. #3208
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    Quote Originally Posted by Vagabond47 View Post
    Excellent, the more landlords that sell up because they cbf providing decent housing the better.
    Rubbish. They cater perfectly for those tenants who cbf paying decent rent.

  9. #3209
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    Quote Originally Posted by Vagabond47 View Post

    Nope, the govt is getting on with building state housing as fast as it can, and it needs to keep this up until they can wipe the accomodation supplement from the list of avaliable benefits.
    https://www.stuff.co.nz/national/pol...ith-recordhigh

    Public housing waitlist now at a record 13,966 at the end of Sept 2019 - 139% more than the 5,844 when this "Let's Do This' government took office 2 years ago!

    Think they can build fast enough to replace the landlords who have had enough of being blamed and fingered as bad people by this hypocritical government?

  10. #3210
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    Quote Originally Posted by Balance View Post
    https://www.stuff.co.nz/national/pol...ith-recordhigh

    Public housing waitlist now at a record 13,966 at the end of Sept 2019 - 139% more than the 5,844 when this "Let's Do This' government took office 2 years ago!

    Think they can build fast enough to replace the landlords who have had enough of being blamed and fingered as bad people by this hypocritical government?
    Nope, but I also don't give a flying fig about the whinging landlords who want to throw their toys now that the industry is being properly regulated. Let them sell up and piss off.

  11. #3211
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    Quote Originally Posted by Vagabond47 View Post
    Nope, but I also don't give a flying fig about the whinging landlords who want to throw their toys now that the industry is being properly regulated. Let them sell up and piss off.
    People often say no problem if landlords sell because the homes are still there. True, though many owner occupied places have fewer occupants than rentals, and some rentals are converted to other uses. But a key problem is that the rental pool is not keeping up with demand including net immigration. New bank lending for residential lending is way less now than say 3 years ago, to the tune of thousands fewer rentals each month.

    You can say landlords chuck their toys but actually they are doing very well through higher rents paying for the required upgrades and compliance, better returns from short term rentals and big smiles as they bank their tax free gains.

  12. #3212
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    "A Government big on symbolic gestures but very poor on execution". Very hard to disagree with that https://www.interest.co.nz/opinion/1...hanges-planned

  13. #3213
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    Quote Originally Posted by fungus pudding View Post
    Rubbish. They cater perfectly for those tenants who cbf paying decent rent.
    This would be true if the market was efficient.
    Unfortunately, because there is a shortage, some people end up paying more for rubbish than they should.
    In an efficient market those who wanted better quality could buy it and those who were happy with rubbish would pay accordingly.
    We are not there.

  14. #3214
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    Quote Originally Posted by Vagabond47 View Post
    Nope, but I also don't give a flying fig about the whinging landlords who want to throw their toys now that the industry is being properly regulated. Let them sell up and piss off.
    I am not a landlord so I could not give a stuff either way,

    Let them sell off indeed, aggravate the rental situation more and let's see Jacinda defend her failure to deliver comes election time.

    BRING 2020 election on!

    Let's DO This!

  15. #3215
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    https://www.stuff.co.nz/business/118...ess-affordable

    "New Zealand's housing affordability is getting worse, with prices now seven times the median household income."

    Wonder what spin Jacinda and her new Housing ministers are going to spin on their total failure to deliver.

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    Quote Originally Posted by Balance View Post
    https://www.stuff.co.nz/business/118...ess-affordable

    "New Zealand's housing affordability is getting worse, with prices now seven times the median household income."

    Wonder what spin Jacinda and her new Housing ministers are going to spin on their total failure to deliver.
    How about " But we're more affordable than Hong Kong!" ?


  17. #3217
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    Quote Originally Posted by macduffy View Post
    How about " But we're more affordable than Hong Kong!" ?

    That will work for sure with the die hard morons for sure who bought the 'Let's Do This' slogan.

    https://www.nzherald.co.nz/business/...ectid=12301741

    Meanwhile, the housing situation for those needing state housing gets worse with the problem doubling in the last 2 years.

    Can't blame the overseas buyers, can't blame landlords, can't blame rising house prices - let's blame the tenants?

  18. #3218
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    Quote Originally Posted by artemis View Post
    New bank lending for residential lending is way less now than say 3 years ago, to the tune of thousands fewer rentals each month.
    You mean total mortgage lending? latest three months data (Sep-Nov 2019) is 4.8% higher than the same three months in 2016?
    You mean FHB lending is up 48.8% over the same periods? Good
    You mean how other owner-occupier lending is up 5.4%? *shrug*
    and Investor lending is down 15.5%? ..again, Good.

    Meanwhile, we have the highest number of building consents issued in a year in my lifetime, And Housing NZ issuing $2.5b of bonds this year to build housing.. so the housing supply is coming online as fast as the industry can build it. The case for capital gains, and rising rents is going to start to look bloody shaky with Housing NZ sweeping the legs out from under the overpriced rental market, and expanding supply knocking the capital gains on the head. Just need a couple of decent pre-fab options to get off the ground and we'll really be rolling.

    And the baloney about the number of people on OO vs rental properties is heavily skewed by all the boomers + silent generation living alone in a big house after the kids have left home, and now waiting for their trip to the pearly gates. My grandmother was one, from 1986 when my grandfather passed till a few months ago she lived alone. Soon her property will be on the market and most likely sell to a young family of two to four persons, very marginally bumping up the OO occupancy ratio, and that it is a demographic certainty that is going to accelerate in the coming years.

  19. #3219
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    Extract: Jacinda Ardern is pledging “a positive campaign, a factual campaign, a robust campaign” in this year’s general election. "New Zealanders deserve a factual campaign, one that is free from misinformation."

    That’s good news but September is a long way off.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  20. #3220
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    Quote Originally Posted by winner69 View Post
    Extract: Jacinda Ardern is pledging “a positive campaign, a factual campaign, a robust campaign” in this year’s general election. "New Zealanders deserve a factual campaign, one that is free from misinformation."

    That’s good news but September is a long way off.
    Cynical Cindy should be careful what she wishes for. Her last election pledges don't make for very good fact checking. And the media are finally awake to Labour's track record on transparency despite the Cynical One's promises.

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