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  1. #3211
    Senior Member
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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.

  2. #3212
    Dilettante
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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

  3. #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.

  4. #3214
    Legend Balance's Avatar
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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!

  5. #3215
    Legend Balance's Avatar
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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.

  6. #3216
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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!" ?


  7. #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?

  8. #3218
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    Dec 2017
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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.

  9. #3219
    An Awesome Cool Cat winner69's Avatar
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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.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

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