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  1. #3196
    Senior Member Marilyn Munroe's Avatar
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    Some underarm bowlers have a different view of our Prime Minister than many over here.

    https://www.abc.net.au/news/2020-01-...overy/11863254

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  2. #3197
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    Quote Originally Posted by Marilyn Munroe View Post
    Some underarm bowlers have a different view of our Prime Minister than many over here.

    https://www.abc.net.au/news/2020-01-...overy/11863254

    Boop boop de do
    Marilyn

    But most haven't.

  3. #3198
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    Quote Originally Posted by Balance View Post
    Relevance is that there are those out there who argued that the National Government was responsible for the spike in house prices in NZ, pricing houses out of reach.

    Your point is that it's falling interest rates driving house prices, right?
    Thats certainly one big driver, as is excess immigration, and the lack of capital gains tax. Not to mention the propping up of the landlords with accomodation supplements instead of building more state houses

  4. #3199
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    Quote Originally Posted by Vagabond47 View Post
    Thats certainly one big driver, as is excess immigration, and the lack of capital gains tax. Not to mention the propping up of the landlords with accomodation supplements instead of building more state houses
    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.

  5. #3200
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    Quote Originally Posted by fungus pudding View Post
    But most haven't.
    Only on your side of the fence

    westerly

  6. #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.

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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.

  8. #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.

  9. #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.

  10. #3205
    Legend Balance's Avatar
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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!

  11. #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.

  12. #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 ?

  13. #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.

  14. #3209
    Legend Balance's Avatar
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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?

  15. #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.

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