Renting used to be a choice, something you did until you settled down, or if you wanted the flexibility to up sticks and move at short notice, or just liked the deal you had with your landlord. But over the last forty years(and particularly the last ten), for an ever growing percentage, it has become a sentence. Hard working people, who have been excluded from the property market due to increasing prices driven by investors and speculation, have been put in the position to be extorted by those who have the financial backing to purchase multiple properties. They are paying more in rent than the mortgage repayments for the same property, watching their hopes of owning disappear as theres little left to put toward their own ever increasing deposit. If thats not extortion, what is? Housing is a basic need like food and clothing. If there was this much money being made off food during a shortage thered be outrage.
having negative equity in the home you live in is only a problem if youre trying to sell, otherwise you still have the same mortgage to pay regardless. If you can still make the repayments, the bank will leave you alone. As for investment properties, I believe the banks line is investments can go down as well as up, they know the risks when they get into it.
Maybe you should check the facts on that one. The national debt increased every year under the previous government to the point that by 2016 it was nearly six times what they started with. This government is the one with a policy to pay back some of that but hey you stick to your National talking points
The electrician measured how much current the house was drawing. Its a pretty simple calculation to figure out what the energy consumption should be from that and they said it didnt add up. Also, he was getting high bills in the summer as well. Doubt it has anything to do with the windows.
Not only was it a fair call for yellow, world rugby should be looking at that more closely. The kick off and first two restarts by Australia all had the same result, O Mahony and Falou going for the same ball, fair contest that Falou loses and then a trailing arm catches hold of O Mahony dragging him down on his back( the second time Falous arms accidentally ended up around his head). The third time the flanker ended up on his back, the ref thought hey, theres something going on here. This was a premeditated tactic, to dangerously bring down a player five feet off the ground and Cheika is trying to claim they were hard done by.
Youre right, you deserve more, the nurses also deserve more and many others too. But why didnt you strike when National were in power, theyre the ones who gave you nothing for nine years and tried to increase class sizes only for the public backlash to stop them. Last year, you had them backed up to the wall facing a competitive election for the first time this decade. Instead youre only making it more likely the guys who really are on your side get one term and you wait another 12 years for your next pay rise.
What are you talking about? There are over 1300 members of the British parliament alone, and then theres the Scottish parliament, Welsh assembly and Northern Ireland assembly. Not to mention the EU MEPs. But hey, facts.
House prices have doubled in five years, if you saved $10,000 a year (which is a big ask with how high rent is) toward your $5o,000 deposit, by the time you'd saved it you'd need another $50,000. But hey, it was always hard to buy a house.
Fall wasnt let off, they deemed it a yellow card offence. Falou was also a yellow card offence if he did it once. He did it three times and I see absolutely no reason to believe he wouldnt have continued to do it for the rest of the game had the ref not intervened.
The previous government based their assumption of success on the average kiwi. And to be fair, about 60% of the country were better off when National left than in 2010, but about 30% are worse off for their last run in government and its mostly the ones who had the least to begin with. Its not okay to leave over a quarter of the country behind because your numbers look good.
This lifters responsibility to not have his player tackled in the air is new to me, Im pretty sure the Australian commentators made it up in between racist comments about potatoes.
The foreign ownership ban, free tertiary education, the families package, putting a limit on oil exploration, starting kiwibuild, increasing maternity leave to six months, legalized medicinal cannabis, increased funding to a starved health system......yeah nothing
Five years ago, you needed $100,000 for a deposit on a house in Auckland. If you saved $20,000 a year(which would be impressive while paying the market rate rents in the city), youd now have $100,000 and still be $100,000 short because prices have doubled in five years.
While Labours polling is locked in a drag race with National, the governing partys high score is off the strength of their rockstar leader Jacinda Ardern and no one else. No, its because a lot of people who were living a nightmare under National can see some light at the end of tunnel. Labour wont fix everything but at least theyre paying lip service to the problems of about a third of the country whos rents keep going up, are locked out of the property market and see their weekly grocery shop go up in price every week, all while they havent seen a decent pay rise in years. Meanwhile National supporters keep barraging them with nonsense about the rockstar economy this government inherited. Well where was the piece of the pie for the common working family? nowhere it all went to the new landed gentry in extortionary rent. National will not get back into government if they continue to claim things got better on their watch. The people who did well under National (and Im not denying thats the majority) have to look past their own gardens before talking about the good old days.
Yep and landlords complain about a $500 a year increase in rates while they increase rent by hundreds a month. These people have a distorted view of the world and themselves.
I really hope he gets a ban for this, he did the same thing for all three Australian kick offs before the yellow. The second being the worst. Once could be an accident, twice unlucky but three for three demonstrates a premeditated tactic. His plan was to compete and, in the event he didnt win the ball, bring down the other player. This shows a willingness to repeatedly and intentionally take actions that could lead to serious injury. Hes five feet in the air, a concussion was lucky, if he landed on his head he would have snapped his neck. The Australian line that the lifter is responsible for the lifted players safety is just a smoke screen. Grabbing, pushing or tackling a player in the air takes away his ability(and therefore responsibility) to safely bring the lifted player back to ground, and anyone who doesnt know that doesnt know the slightest thing about rugby.
Simple maths, if foreign buyers make up 3%per year but foreign sellers only make up 1.5%, it means the share of houses owned by non residents is increasing. To be fair some of those foreign buyers become residents so when they sell it wont be in those numbers. What we need to know is the percentage of houses owned by non resident and wether that is increasing. My guess would be, for places like Queenstown, that number has at least doubled in the last 10 years.
South Africa did well, but put any northern hemisphere team in the ABs position at the end with a scrum in front of the posts and they would have had backs lining up to take the drop goal. Its one of the few weaknesses in their game, that the drop isnt even an option, and its bitten them in the past (see 2007 world cup).
Have to give it to the All Blacks this time, Ive complained about international teams defending their line by giving away penalty after penalty but they managed to soak up a lot of pressure in the first half without doing so. It was nice for a change.
Interesting that you mention wages. Theres a labour shortage in Queenstown and Wanaka, no one can deny that. But what usually happens when there is a shortage of anything? The price goes up (isnt that supposed to be the reason were paying so much rent in the first place). But here wages are artificially kept down by allowing business to sponsor staff at, or close to, minimum wage for jobs that arent minimum wage anywhere else in the country. Allow the sponsorship only if they pay staff above the national average for that job and maybe people will be able to afford the rent.
Good riddance to the SHASs. When they were first proposed, I was for them, the housing crisis was real and it looked like something was finally being done. But there was a basic flaw, they put no incentive to build affordable houses. In Queenstown 90% of the homes built using SHAs are not occupied by the owners. They are all investment and holiday homes. In the end all they did was let developers see a larger and quicker return on investment by bypassing the peoples right to a thorough planning process. This might have been ok if it did make it easier for hard working families to buy their first homes, but instead they made it more difficult by using up all the areas residential building resources building holiday homes and investment homes.
This article is based on qv which includes all sales( to be fair it does not take into account the size of the houses sold),the other was a report from one real estate company.
The millions of voters Trump referred to after the election where people registered in multiple states because they moved. They did not vote in multiple states, and even then the numbers showed a pretty even see split of these voters were Republicans ( including his daughter Ivanka). Most of his biggest lies mix in a kernel of truth.
For the moment, it seems tennis is the only sport that shows anything approaching equality (and maybe CrossFit games, but thats nowhere near as big a sport).
It should be pretty simple, an elected MP gets to keep his seat because people voted for him not the party. A list MP loses the seat because the electorate voted for his party to have that number of seats.
Boomers love to trot out the line it was always hard to buy a house and well we had to deal with 20% interest rates. Those would be good points except that even when inflation is taken into account, our deposit is more than the entire house 40 years ago. Sure it was always hard, but it was never this hard.
Trump won because when everyone lies, people vote for their favorite lie. I was in Texas just before the election, Id nearly have voted for him based on adds- he was promising free day care, maternity leave, healthcare for a all and to ensure the rich paid their share of taxed.
Try getting to economics 201 and youd realise supply and demand has limits. Were building more houses than almost any time in history thanks to the SHAs. However all this did was increase the investment market and drive up the cost of houses. The housing crisis isnt a lack of housing, its that working families cannot get into the increasingly expensive property market. Added to this, there is no effective limit on how high rents can rise go meaning they are doomed to spending an ever increasing portion of income on accommodation.
Yeah, the they threw the kitchen sink, like letting the electorate know he was being investigated days before the election....oh wait no, that was Hillary. kind of a weird way to try and stop someone being elected, dont ya think? Throwing their opponent under a bus.
its a tough call saying hes not in a position to take that ball. He had eyes on it the hole way, jumped for it and if Barret hadnt gotten higher, would most likely have taken it. No position to win the ball is for when a player should know he was in no position to win a ball.
Well obviously, since the article interviews the labour justice minister, some are concerned with abortion and there is going to be a referendum on cannabis before the next general ( if labour are smart, they'll have it the same day, that'd turn out the vote).
Its not a crime but its about time the mom and pops realised its immoral to fund their retirement stealing the future ability of their tenants to own their own home by charging rents in excess of the average person take home pay.
home advantage is huge and the rankings take that into account. The only team that consistently wins away from home against top tier opposition is NZ. The only team to win away from home in the 6 nations against anyone other than Italy was Ireland, and Wales just won a tour in the southern hemisphere. There you go, top three teams in world rugby
We're not expecting that you give away anything, but as long as the first rule of solving the crisis is current properties cannot under any circumstances lose value for their owners then everything else is just lip service and they don't give a toss about the next generation.
I's love to see what would happened without the sending off. All blacks were far superior in the end but they seemed to be making a lot of errors while the game was tight.
While I agree with you,I would still take the offer if given the chance as at least my payments stay pretty much the same for the life of the mortgage, whereas in 30 years, I doubt rents wont have at least doubled.
kiwibuild houses in Christchurch will be considerably cheaper than Auckland and Queenstown where the average house price is over a million dollars compared to less than five hundred thousand for CHCH. A new three bedroom house any where near QT will set you back over $850 thousand at the moment so $200 thousand off is a pretty big chunk of change.
That would be fine if there was some control over rent. Unfortunately it goes up every year. At least a mortgage isnt affected by inflation and if you do want a change, its not that hard to sell a house.
Ive just had a kid and I cant imagine the bad review Id write about a teacher that said something bad about my child whether it were 1 or not. Its hard for most people to be objective when it comes to their own children.
You know the deposit on a house today when adjusted for inflation is as much as the house forty years ago. I'm not saying it used to be easy but it was never this hard
The difference being, you choose to be a landlord, most renters no longer have a choice because they have nothing left after paying rent to go toward their own deposit. I only know one person who bought their first home in the last 5 years, that didnt get help (be it from their parents in money for a deposit or allowing them to live rent free till they were thirty, or from a housing trust) and it was only that hed been to Australia and worked the mines.
It was no accident, he did the same thing three times. They should throw the book at him. The whole ethos of the current rules are, if something is potentially dangerous, you give up the contest over putting the player at risk. Surely by the third time he pulled OMahony down to land on his back, he knew what he was doing was pretty dangerous.
Theres no lack of transparency, you just havent done any research. The government guarantees a developer that they will buy a portion of the properties provided they meet the price limits for kiwibuild. Once they are built, the government sells them on at the same price they paid. This allows a developer who is struggling to get funding to build , lets say 50 houses, to go to the bank and borrow based on the government already guaranteeing the sale of 10. The government makes no money from the exchange but the developer, if he can keep costs down, makes a little profit from the kiwibuild houses but makes most from the other forty that he would have otherwise been unable to build.
Blah, thats short term thinking, prices are going up everywhere theres work. What will the next generation do when even a house in the sticks costs 10 times the average wage? To put it in perspective for you, when adjusted for inflation, the average deposit on a house in New Zealand is now bigger than the entire mortgage just a generation ago. But many boomers still argue it was always hard to buy a house.
no, negligence is enough. The idea being if something is potentially dangerous, you shouldnt do it. In this case though, Fall is perfectly entitled to go for that ball and with his eyes on it had no way of knowing Barrett was going to jump over him.
Id take 20% on 3years income over 4%on 11 years any day. If I made the same repayments on the 20% option as I would for a 25 year mortgage on the 4%, itd be paid off in 12 years.
The prevailing wisdom in property investment is that the price doubles every 10 years. This has been 1 since the seventies. This is about to stop. In the seventies, interest rates were about 20%. Then someone realised every time you lower the rate, the economy gets a bump because people can service a bigger loan with the same repayments, freeing up capital for investment. It also meant house prices could continue to rise faster than wages because the repayments were being kept down by decreasing interest rates. Interest rates cannot drop significantly from where they are now, meaning peoples ability to borrow has reached its limit. It doesnt matter how big a shortage is, if people dont have access more capital, the price cannot increase. The government has tried to overcome this by literally giving people money to buy houses(kiwi saver grant) but this tactic also has limits. The party might not be over but it is reaching an endgame where if investors are lucky, prices continue to rise with wages.
The darlings of rugby yet they get more yellow cards per penalty than any other top teir nation. How does that work? If an all black had fended off like that it would have only been a penalty, his hand clearly made contact with the defenders shoulder before his arm crumpled and the elbow hit his neck.
justme1: what part of New Zealand are you living in that only gets 2 hours of daylight? Solar cells work more efficiently when its overcast because the panels stay cooler.
Obviously the All Blacks are pretty much unbeatable on their good days, but when they lose people seem to forget that opposition pressure is a compounding factor in their playing badly.
Ive never missed a rental payment, never had a deduction from my deposit and have a refference from my last 5 landlords According to that property manager, Im an unsuitable tennant because my bank statement shows Ive been to maccas a few times this week.
The article misses the point. Kickers are going to have bad days, sometimes you dont get the rub of the green and the style of play the ABs engage in risks spilled ball in exchange for big payoffs(although I think most international sides would have been happy with yesterdays stats on this, it just goes to show how good the handling skills are that they arent). But not having a drop goal option for exactly these situations is criminal. As good as they are, putting the ball out wide from that scrum was a 50/50 to score. Any six nations side would have scored a drop goal from that position 9 out of 10 times(I played lock and put drop goals over from the 22 about 60% of the time in training for laughs). With plenty of time to think through the options(play stopped for the scrum) they decided a 50/50 chance out wide was the way to go. Thats the kind of decision that has to be questioned.
Jerry, the ones who used the equity in their first home to buy a second home that they never paid a penny toward and had tennants pay the entire mortgage for.....yeah, they got a whole house by sitting on their rear end. And as for the first house, even when you take inflation into account, the deposit on a house today is the same as the entire mortgage one generation ago. Complain about 20% interest rates all you like, would you have been able to buy if you had to pay the whole value of your first home up front?
So basically, Ireland successfully and legally counter Falous aerial skill, leaving him the only option to illegally take out Omahony in the air. And the Australians think this is unfair on Falou? Get a grip, next theyll say only fullbacks should be allowed leave the ground,and only if theyre wearing yellow.
There are still limits on what can be borrowed, the bank wont lend if they think you dont have sufficient income to make the repayments. In the US they were giving loans to people with no income. This is not the same at all
Disagree that he wasnt he wasnt in the contest. From his perspective, he was in place to catch that ball(had Barrett not been there, he most likely would have) and because Barrett was behind him, Fall had no way of knowing he was there. With this interpretation, it is now illegal to go up to compete for your own kick because theres always a chance of someone jumping from behind you.
Like the bank says investments can go down as well as up. Its not the role of the next generation to mortgage themselves to the hilt so boomers live the high Life in retirement.
A lot of what is said about what is happening in Queenstown is given totally out of context. Yes rate payers have to pay more but most of those rate payers are profiting off of huge rents they charge low wage workers. Maybe just increase the rates on the landlords and commercial AirBnBers who are the ones really profiting off all the tourism and leave the people who actually live there alone. The other one is sponsorship visas(which Im not against, its how I stayed here for a few years). There is a labour shortage in Queenstown, thats fact. But normally when there is a shortage of something the price goes up, yet Queenstown has the lowest wages in the country because rather than having to increase pay to entice workers, business owners scream worker shortage and immigration allows them to sponsor anyone at minimum wage(or close to it) to do jobs that arent minimum wage anywhere else in the country.
If 90% of the areas domestic construction resources werent going into holiday homes and investment properties, there might be something left over to solve the housing crisis. The SHAs just took up more of the resources to build houses that dont get people on the property ladder. It was never a simple case of increasing supply, there needs to be an incentive to build for owner occupiers, which has the knock on effect of freeing up rentals, rather than just increasing the rental supply leaving families at the mercy of landlords for the rest of their lives.
Yep facts, like how the article stated that rents dont trend with costs but do trend with average earnings. Makes it pretty obvious that despite landlords dont want to raise rent, its pretty obvious if they think they can get it, theyll try.
With the average asking price for a property in Queenstown Lakes now more than a million dollars, most renters are put off by the sheer size of the mortgage theyd need to own a property and end up choosing lifestyle over mortgage repayments. Its not a matter of choice, the rent is as much as the mortgage repayments. Its that the deposit is nearly the total cost of the house nine years ago.
This isnt based on valuations, this is the actual figure houses sold for. It doesnt take into account the value of houses not sold and it doesnt take into account the size of the properties sold, so if most of the sales in a month were apartments the monthly statistic would drop even though the price of houses hadnt. Even this though would be significant because it would mean people werent forking out for expensive homes which might convince developers to concentrate on more affordable starter homes which are in short supply.
Cam9, someone buys them. If theyre million dollar homes then maybe its another would be landlord or someone who wants to upscale from a more affordable home that does go to a first time buyer. The point is, they dont just disappear off the face of the earth. And while I accept that generally rentals house more people than owner occupied homes, landlords are not the saviours of the homeless that some in this thread would make out.
then the kicker has to place it better. Its not like the one man lift is a recent addition to the world of rugby, there are legal ways to get around it.
Quinovic's adverts have shined a light on the ugly reality of renting
Renting used to be a choice, something you did until you settled down, or if you wanted the flexibility to up sticks and move at short notice, or just liked the deal you had with your landlord. But over the last forty years(and particularly the last ten), for an ever growing percentage, it has become a sentence. Hard working people, who have been excluded from the property market due to increasing prices driven by investors and speculation, have been put in the position to be extorted by those who have the financial backing to purchase multiple properties. They are paying more in rent than the mortgage repayments for the same property, watching their hopes of owning disappear as theres little left to put toward their own ever increasing deposit. If thats not extortion, what is? Housing is a basic need like food and clothing. If there was this much money being made off food during a shortage thered be outrage.
Labour's bill to curb foreigners buying New Zealand homes becomes law
having negative equity in the home you live in is only a problem if youre trying to sell, otherwise you still have the same mortgage to pay regardless. If you can still make the repayments, the bank will leave you alone. As for investment properties, I believe the banks line is investments can go down as well as up, they know the risks when they get into it.
Couple building dream home discover large power transformer in front of their main window
Its 1.2m, god forbid anyone park a van there
The ticking time bomb that could trigger a new financial crisis
Maybe you should check the facts on that one. The national debt increased every year under the previous government to the point that by 2016 it was nearly six times what they started with. This government is the one with a policy to pay back some of that but hey you stick to your National talking points
Questions raised as power bill rises to $1100 a month
The electrician measured how much current the house was drawing. Its a pretty simple calculation to figure out what the energy consumption should be from that and they said it didnt add up. Also, he was getting high bills in the summer as well. Doubt it has anything to do with the windows.
Israel Folau banned for one Super Rugby match over his aerial challenge
At least now the refs will be looking for his accidentally trailing arms.
Frustrated Michael Cheika asks ref to explain to media after Wallabies loss to Ireland
Not only was it a fair call for yellow, world rugby should be looking at that more closely. The kick off and first two restarts by Australia all had the same result, O Mahony and Falou going for the same ball, fair contest that Falou loses and then a trailing arm catches hold of O Mahony dragging him down on his back( the second time Falous arms accidentally ended up around his head). The third time the flanker ended up on his back, the ref thought hey, theres something going on here. This was a premeditated tactic, to dangerously bring down a player five feet off the ground and Cheika is trying to claim they were hard done by.
'This is why I'm striking': A day in the life of a teacher
Youre right, you deserve more, the nurses also deserve more and many others too. But why didnt you strike when National were in power, theyre the ones who gave you nothing for nine years and tried to increase class sizes only for the public backlash to stop them. Last year, you had them backed up to the wall facing a competitive election for the first time this decade. Instead youre only making it more likely the guys who really are on your side get one term and you wait another 12 years for your next pay rise.
QV data shows New Zealand house prices falling
John the real estate agent, I presume.
ACT bill would see Parliament cut to 100 MPs
What are you talking about? There are over 1300 members of the British parliament alone, and then theres the Scottish parliament, Welsh assembly and Northern Ireland assembly. Not to mention the EU MEPs. But hey, facts.
All Blacks refuse to blame kicking or referee Nigel Owens for shock defeat to Springboks
Theyre just not as good without Retallick.
Housing Affordability Measure: How likely is owning a home where you live?
House prices have doubled in five years, if you saved $10,000 a year (which is a big ask with how high rent is) toward your $5o,000 deposit, by the time you'd saved it you'd need another $50,000. But hey, it was always hard to buy a house.
Israel Folau outcome could be game-changer for world rugby rules: Daryl Gibson
Fall wasnt let off, they deemed it a yellow card offence. Falou was also a yellow card offence if he did it once. He did it three times and I see absolutely no reason to believe he wouldnt have continued to do it for the rest of the game had the ref not intervened.
David Slack: The cult of executive talent
The previous government based their assumption of success on the average kiwi. And to be fair, about 60% of the country were better off when National left than in 2010, but about 30% are worse off for their last run in government and its mostly the ones who had the least to begin with. Its not okay to leave over a quarter of the country behind because your numbers look good.
Wallabies fullback Israel Folau to face disciplinary hearing for aerial contests
This lifters responsibility to not have his player tackled in the air is new to me, Im pretty sure the Australian commentators made it up in between racist comments about potatoes.
David Slack: The cult of executive talent
The foreign ownership ban, free tertiary education, the families package, putting a limit on oil exploration, starting kiwibuild, increasing maternity leave to six months, legalized medicinal cannabis, increased funding to a starved health system......yeah nothing
Quinovic's adverts have shined a light on the ugly reality of renting
Five years ago, you needed $100,000 for a deposit on a house in Auckland. If you saved $20,000 a year(which would be impressive while paying the market rate rents in the city), youd now have $100,000 and still be $100,000 short because prices have doubled in five years.
Stacey Kirk: National set to stoke flames of Anzac competition in search of 'lightning rod'
While Labours polling is locked in a drag race with National, the governing partys high score is off the strength of their rockstar leader Jacinda Ardern and no one else. No, its because a lot of people who were living a nightmare under National can see some light at the end of tunnel. Labour wont fix everything but at least theyre paying lip service to the problems of about a third of the country whos rents keep going up, are locked out of the property market and see their weekly grocery shop go up in price every week, all while they havent seen a decent pay rise in years. Meanwhile National supporters keep barraging them with nonsense about the rockstar economy this government inherited. Well where was the piece of the pie for the common working family? nowhere it all went to the new landed gentry in extortionary rent. National will not get back into government if they continue to claim things got better on their watch. The people who did well under National (and Im not denying thats the majority) have to look past their own gardens before talking about the good old days.
QV data shows New Zealand house prices falling
Yep and landlords complain about a $500 a year increase in rates while they increase rent by hundreds a month. These people have a distorted view of the world and themselves.
Wallabies fullback Israel Folau to face disciplinary hearing for aerial contests
I really hope he gets a ban for this, he did the same thing for all three Australian kick offs before the yellow. The second being the worst. Once could be an accident, twice unlucky but three for three demonstrates a premeditated tactic. His plan was to compete and, in the event he didnt win the ball, bring down the other player. This shows a willingness to repeatedly and intentionally take actions that could lead to serious injury. Hes five feet in the air, a concussion was lucky, if he landed on his head he would have snapped his neck. The Australian line that the lifter is responsible for the lifted players safety is just a smoke screen. Grabbing, pushing or tackling a player in the air takes away his ability(and therefore responsibility) to safely bring the lifted player back to ground, and anyone who doesnt know that doesnt know the slightest thing about rugby.
Labour's bill to curb foreigners buying New Zealand homes becomes law
Simple maths, if foreign buyers make up 3%per year but foreign sellers only make up 1.5%, it means the share of houses owned by non residents is increasing. To be fair some of those foreign buyers become residents so when they sell it wont be in those numbers. What we need to know is the percentage of houses owned by non resident and wether that is increasing. My guess would be, for places like Queenstown, that number has at least doubled in the last 10 years.
The Springboks breathe life back into test rugby with stunning upset over New Zealand
South Africa did well, but put any northern hemisphere team in the ABs position at the end with a scrum in front of the posts and they would have had backs lining up to take the drop goal. Its one of the few weaknesses in their game, that the drop isnt even an option, and its bitten them in the past (see 2007 world cup).
All Blacks thrash France in another game marred by a ref blunder
Have to give it to the All Blacks this time, Ive complained about international teams defending their line by giving away penalty after penalty but they managed to soak up a lot of pressure in the first half without doing so. It was nice for a change.
'Sexist' call as female tennis player given code violation for changing shirt on-court
She was wearing a sports bra underneath, women go running in those all the time during the summer and no one makes a fuss
The shanty town of Wanaka
Interesting that you mention wages. Theres a labour shortage in Queenstown and Wanaka, no one can deny that. But what usually happens when there is a shortage of anything? The price goes up (isnt that supposed to be the reason were paying so much rent in the first place). But here wages are artificially kept down by allowing business to sponsor staff at, or close to, minimum wage for jobs that arent minimum wage anywhere else in the country. Allow the sponsorship only if they pay staff above the national average for that job and maybe people will be able to afford the rent.
David Slack: The cult of executive talent
True but the NZ policy is to send them home, not to separate children from there parents and then lose them.
Shelly Bay height debacle spurs Wellington City councillors to vote 8-7 against special housing areas
Good riddance to the SHASs. When they were first proposed, I was for them, the housing crisis was real and it looked like something was finally being done. But there was a basic flaw, they put no incentive to build affordable houses. In Queenstown 90% of the homes built using SHAs are not occupied by the owners. They are all investment and holiday homes. In the end all they did was let developers see a larger and quicker return on investment by bypassing the peoples right to a thorough planning process. This might have been ok if it did make it easier for hard working families to buy their first homes, but instead they made it more difficult by using up all the areas residential building resources building holiday homes and investment homes.
QV data shows New Zealand house prices falling
This article is based on qv which includes all sales( to be fair it does not take into account the size of the houses sold),the other was a report from one real estate company.
Election loss - and potentially impeachment - looms for Trump
The millions of voters Trump referred to after the election where people registered in multiple states because they moved. They did not vote in multiple states, and even then the numbers showed a pretty even see split of these voters were Republicans ( including his daughter Ivanka). Most of his biggest lies mix in a kernel of truth.
'I prefer to hear a male voice': Women commentators find harsh judgment at World Cup
For the moment, it seems tennis is the only sport that shows anything approaching equality (and maybe CrossFit games, but thats nowhere near as big a sport).
NZ First MPs could end up $300k out of pocket if they flout party rules
It should be pretty simple, an elected MP gets to keep his seat because people voted for him not the party. A list MP loses the seat because the electorate voted for his party to have that number of seats.
House prices 'could fall', Reserve Bank governor warns
Yes they can, thats what the LVRs are designed for. Property can drop by 30% and still maintain positive equity.
Housing Affordability Measure: How likely is owning a home where you live?
Boomers love to trot out the line it was always hard to buy a house and well we had to deal with 20% interest rates. Those would be good points except that even when inflation is taken into account, our deposit is more than the entire house 40 years ago. Sure it was always hard, but it was never this hard.
Election loss - and potentially impeachment - looms for Trump
Trump won because when everyone lies, people vote for their favorite lie. I was in Texas just before the election, Id nearly have voted for him based on adds- he was promising free day care, maternity leave, healthcare for a all and to ensure the rich paid their share of taxed.
Couple building dream home discover large power transformer in front of their main window
How do you know theyve worked hard?
I've found the solution to the housing crisis, and it's been here all along
Try getting to economics 201 and youd realise supply and demand has limits. Were building more houses than almost any time in history thanks to the SHAs. However all this did was increase the investment market and drive up the cost of houses. The housing crisis isnt a lack of housing, its that working families cannot get into the increasingly expensive property market. Added to this, there is no effective limit on how high rents can rise go meaning they are doomed to spending an ever increasing portion of income on accommodation.
Fonterra Stirling plant first in New Zealand to convert from coal to electricity
when did Hamish Walker join the greens?
100% Pure NZ ad man says subdivision will destroy goose that laid the golden egg
The irony is that the developments end up being 90% holiday homes and rentals owned by people like the complainant.
Election loss - and potentially impeachment - looms for Trump
Yeah, the they threw the kitchen sink, like letting the electorate know he was being investigated days before the election....oh wait no, that was Hillary. kind of a weird way to try and stop someone being elected, dont ya think? Throwing their opponent under a bus.
Dominant Ireland send series to a decider with drought-breaking win
its pretty simple, NZ are the only national side that can win consistently away from home
Wallabies fullback Israel Folau to face disciplinary hearing for aerial contests
Not that those arent 3 great players you mention, but there are players outside of New Zealand that can carve open a defence.
Data shows costs rising for New Zealand landlords
Then sell, because unless you plan on demolishing the house, someone else will buy it,either another investor or someone who used to rent.
All Blacks coach Steve Hansen advocates a report system to keep players 'on the park'
its a tough call saying hes not in a position to take that ball. He had eyes on it the hole way, jumped for it and if Barret hadnt gotten higher, would most likely have taken it. No position to win the ball is for when a player should know he was in no position to win a ball.
Vote on abortion law reform could happen in NZ Parliament next year
Well obviously, since the article interviews the labour justice minister, some are concerned with abortion and there is going to be a referendum on cannabis before the next general ( if labour are smart, they'll have it the same day, that'd turn out the vote).
Quinovic's adverts have shined a light on the ugly reality of renting
Its not a crime but its about time the mom and pops realised its immoral to fund their retirement stealing the future ability of their tenants to own their own home by charging rents in excess of the average person take home pay.
Landlords planning to raise rents due to tenancy overhaul may struggle
Its pretty close to that already, first home buyers can buy with 10% deposit with most banks.
Wales up to third in World Rugby rankings above Australia and England, who fall again
home advantage is huge and the rankings take that into account. The only team that consistently wins away from home against top tier opposition is NZ. The only team to win away from home in the 6 nations against anyone other than Italy was Ireland, and Wales just won a tour in the southern hemisphere. There you go, top three teams in world rugby
Housing Affordability Measure: How likely is owning a home where you live?
We're not expecting that you give away anything, but as long as the first rule of solving the crisis is current properties cannot under any circumstances lose value for their owners then everything else is just lip service and they don't give a toss about the next generation.
All Blacks run away from French with seven-try second-half explosion
I's love to see what would happened without the sending off. All blacks were far superior in the end but they seemed to be making a lot of errors while the game was tight.
ASB offers KiwiBuild buyers a 95 per cent mortgage
While I agree with you,I would still take the offer if given the chance as at least my payments stay pretty much the same for the life of the mortgage, whereas in 30 years, I doubt rents wont have at least doubled.
KiwiBuild: How to get yourself in the running for the Government's new homes
kiwibuild houses in Christchurch will be considerably cheaper than Auckland and Queenstown where the average house price is over a million dollars compared to less than five hundred thousand for CHCH. A new three bedroom house any where near QT will set you back over $850 thousand at the moment so $200 thousand off is a pretty big chunk of change.
Quinovic's adverts have shined a light on the ugly reality of renting
That would be fine if there was some control over rent. Unfortunately it goes up every year. At least a mortgage isnt affected by inflation and if you do want a change, its not that hard to sell a house.
Primary teachers and principals strike for first time since 1994
Ive just had a kid and I cant imagine the bad review Id write about a teacher that said something bad about my child whether it were 1 or not. Its hard for most people to be objective when it comes to their own children.
As a working dad, I'm always treated differently to mums
to be fair, it was probably so she wouldnt lose it herself
KiwiBuild 'significantly cheaper' than other smaller-scale developments, Colliers says
You have to live in the house for five years. At which point, if you sell it you just have to buy another one on the open market for the same price.
Housing Affordability Measure: How likely is owning a home where you live?
You know the deposit on a house today when adjusted for inflation is as much as the house forty years ago. I'm not saying it used to be easy but it was never this hard
Tenants, we don't care about your KFC habits
The difference being, you choose to be a landlord, most renters no longer have a choice because they have nothing left after paying rent to go toward their own deposit. I only know one person who bought their first home in the last 5 years, that didnt get help (be it from their parents in money for a deposit or allowing them to live rent free till they were thirty, or from a housing trust) and it was only that hed been to Australia and worked the mines.
Israel Folau outcome could be game-changer for world rugby rules: Daryl Gibson
It was no accident, he did the same thing three times. They should throw the book at him. The whole ethos of the current rules are, if something is potentially dangerous, you give up the contest over putting the player at risk. Surely by the third time he pulled OMahony down to land on his back, he knew what he was doing was pretty dangerous.
New Zealand is not vigilant enough about creeping corruption
Or when the MPs supposedly tasked with solving house prices are all heavily invsested in property.
KiwiBuild 'significantly cheaper' than other smaller-scale developments, Colliers says
Theres no lack of transparency, you just havent done any research. The government guarantees a developer that they will buy a portion of the properties provided they meet the price limits for kiwibuild. Once they are built, the government sells them on at the same price they paid. This allows a developer who is struggling to get funding to build , lets say 50 houses, to go to the bank and borrow based on the government already guaranteeing the sale of 10. The government makes no money from the exchange but the developer, if he can keep costs down, makes a little profit from the kiwibuild houses but makes most from the other forty that he would have otherwise been unable to build.
Quinovic's adverts have shined a light on the ugly reality of renting
Blah, thats short term thinking, prices are going up everywhere theres work. What will the next generation do when even a house in the sticks costs 10 times the average wage? To put it in perspective for you, when adjusted for inflation, the average deposit on a house in New Zealand is now bigger than the entire mortgage just a generation ago. But many boomers still argue it was always hard to buy a house.
All Blacks thrash France in another game marred by a ref blunder
If he were invisible, people would run into him all the time
Housing Affordability Measure: How likely is owning a home where you live?
Someone who gets it
All Blacks coach Steve Hansen advocates a report system to keep players 'on the park'
no, negligence is enough. The idea being if something is potentially dangerous, you shouldnt do it. In this case though, Fall is perfectly entitled to go for that ball and with his eyes on it had no way of knowing Barrett was going to jump over him.
QV data shows New Zealand house prices falling
It didnt happen any winter from 2012-2016
The All Blacks won't be caught talking South Africa down again in a hurry
Theres been studies on this, the team with most possession only wins 50% of the time. The stat that most often favours the winner is line breaks.
David Slack: The cult of executive talent
unfortunately
Data shows costs rising for New Zealand landlords
Id take 20% on 3years income over 4%on 11 years any day. If I made the same repayments on the 20% option as I would for a 25 year mortgage on the 4%, itd be paid off in 12 years.
House prices have fallen, but don't expect a big downturn
The prevailing wisdom in property investment is that the price doubles every 10 years. This has been 1 since the seventies. This is about to stop. In the seventies, interest rates were about 20%. Then someone realised every time you lower the rate, the economy gets a bump because people can service a bigger loan with the same repayments, freeing up capital for investment. It also meant house prices could continue to rise faster than wages because the repayments were being kept down by decreasing interest rates. Interest rates cannot drop significantly from where they are now, meaning peoples ability to borrow has reached its limit. It doesnt matter how big a shortage is, if people dont have access more capital, the price cannot increase. The government has tried to overcome this by literally giving people money to buy houses(kiwi saver grant) but this tactic also has limits. The party might not be over but it is reaching an endgame where if investors are lucky, prices continue to rise with wages.
Frustrated Michael Cheika asks ref to explain to media after Wallabies loss to Ireland
The darlings of rugby yet they get more yellow cards per penalty than any other top teir nation. How does that work? If an all black had fended off like that it would have only been a penalty, his hand clearly made contact with the defenders shoulder before his arm crumpled and the elbow hit his neck.
Fonterra Stirling plant first in New Zealand to convert from coal to electricity
justme1: what part of New Zealand are you living in that only gets 2 hours of daylight? Solar cells work more efficiently when its overcast because the panels stay cooler.
Phil Gifford: Treating the ball as a potential weapon is also fraught with danger
Obviously the All Blacks are pretty much unbeatable on their good days, but when they lose people seem to forget that opposition pressure is a compounding factor in their playing badly.
Couple building dream home discover large power transformer in front of their main window
God boomers are entitled.
Here's what property managers can ask for from tenants
Ive never missed a rental payment, never had a deduction from my deposit and have a refference from my last 5 landlords According to that property manager, Im an unsuitable tennant because my bank statement shows Ive been to maccas a few times this week.
Phil Gifford: Treating the ball as a potential weapon is also fraught with danger
The article misses the point. Kickers are going to have bad days, sometimes you dont get the rub of the green and the style of play the ABs engage in risks spilled ball in exchange for big payoffs(although I think most international sides would have been happy with yesterdays stats on this, it just goes to show how good the handling skills are that they arent). But not having a drop goal option for exactly these situations is criminal. As good as they are, putting the ball out wide from that scrum was a 50/50 to score. Any six nations side would have scored a drop goal from that position 9 out of 10 times(I played lock and put drop goals over from the 22 about 60% of the time in training for laughs). With plenty of time to think through the options(play stopped for the scrum) they decided a 50/50 chance out wide was the way to go. Thats the kind of decision that has to be questioned.
ASB offers KiwiBuild buyers a 95 per cent mortgage
Thats still less than rent for your average 3bedroom house in Queenstown. So anyone who pays rent here.
QV data shows New Zealand house prices falling
Jerry, the ones who used the equity in their first home to buy a second home that they never paid a penny toward and had tennants pay the entire mortgage for.....yeah, they got a whole house by sitting on their rear end. And as for the first house, even when you take inflation into account, the deposit on a house today is the same as the entire mortgage one generation ago. Complain about 20% interest rates all you like, would you have been able to buy if you had to pay the whole value of your first home up front?
New push to ban 'one-man lift' after World Rugby data suggests injury risk
So basically, Ireland successfully and legally counter Falous aerial skill, leaving him the only option to illegally take out Omahony in the air. And the Australians think this is unfair on Falou? Get a grip, next theyll say only fullbacks should be allowed leave the ground,and only if theyre wearing yellow.
ASB offers KiwiBuild buyers a 95 per cent mortgage
There are still limits on what can be borrowed, the bank wont lend if they think you dont have sufficient income to make the repayments. In the US they were giving loans to people with no income. This is not the same at all
All Blacks coach Steve Hansen advocates a report system to keep players 'on the park'
Disagree that he wasnt he wasnt in the contest. From his perspective, he was in place to catch that ball(had Barrett not been there, he most likely would have) and because Barrett was behind him, Fall had no way of knowing he was there. With this interpretation, it is now illegal to go up to compete for your own kick because theres always a chance of someone jumping from behind you.
What $600k can get first-home buyers in Queenstown
This is exactly what a lot of people who own multiple properties want.
QV data shows New Zealand house prices falling
Boomers want the high Life for retirement and are happy not to care for the next generation who get to spend the next 30 years paying for it .
Queenstown ratepayers 'shouldering the burden' of NZ tourism cost
No mate, you just take the road to Glenorchy, once in town you come to a roundabout and turn right on to Paradise rd. Take you right to it.
QV data shows New Zealand house prices falling
Like the bank says investments can go down as well as up. Its not the role of the next generation to mortgage themselves to the hilt so boomers live the high Life in retirement.
Queenstown ratepayers 'shouldering the burden' of NZ tourism cost
A lot of what is said about what is happening in Queenstown is given totally out of context. Yes rate payers have to pay more but most of those rate payers are profiting off of huge rents they charge low wage workers. Maybe just increase the rates on the landlords and commercial AirBnBers who are the ones really profiting off all the tourism and leave the people who actually live there alone. The other one is sponsorship visas(which Im not against, its how I stayed here for a few years). There is a labour shortage in Queenstown, thats fact. But normally when there is a shortage of something the price goes up, yet Queenstown has the lowest wages in the country because rather than having to increase pay to entice workers, business owners scream worker shortage and immigration allows them to sponsor anyone at minimum wage(or close to it) to do jobs that arent minimum wage anywhere else in the country.
New push to ban 'one-man lift' after World Rugby data suggests injury risk
The advantage from the kick off is supposed to be with the receiving team, otherwise wed just have the ref throw the ball up in the center.
'Sexist' call as female tennis player given code violation for changing shirt on-court
If you watched the news, youd have seen male players changing their shirts on court between games and the umpires not batting an eyelid.
Data shows costs rising for New Zealand landlords
exact change, if no one buys them the landlord is stuck having to make a loss.
The shanty town of Wanaka
If 90% of the areas domestic construction resources werent going into holiday homes and investment properties, there might be something left over to solve the housing crisis. The SHAs just took up more of the resources to build houses that dont get people on the property ladder. It was never a simple case of increasing supply, there needs to be an incentive to build for owner occupiers, which has the knock on effect of freeing up rentals, rather than just increasing the rental supply leaving families at the mercy of landlords for the rest of their lives.
Data shows costs rising for New Zealand landlords
Yep facts, like how the article stated that rents dont trend with costs but do trend with average earnings. Makes it pretty obvious that despite landlords dont want to raise rent, its pretty obvious if they think they can get it, theyll try.
The shanty town of Wanaka
I love how economists dont include accommodation when calculating inflation or cost of living.
Rental shortage eases in Auckland but intensifies in Queenstown
With the average asking price for a property in Queenstown Lakes now more than a million dollars, most renters are put off by the sheer size of the mortgage theyd need to own a property and end up choosing lifestyle over mortgage repayments. Its not a matter of choice, the rent is as much as the mortgage repayments. Its that the deposit is nearly the total cost of the house nine years ago.
Manning leaked info to break secrecy and privacy governments work under
Agree that they have spoken up but youre dreaming or deluded if you believe this has anything to do with her criminal record.
Long-time renter calls for greater security in rental law overhaul
Judging from your posts, I get the feeling youve had a lot of run ins with the tenancy tribunal.
The shanty town of Wanaka
these people arent campers, camping is temporary. This is exactly what the article says it is, a shantytown.
QV data shows New Zealand house prices falling
This isnt based on valuations, this is the actual figure houses sold for. It doesnt take into account the value of houses not sold and it doesnt take into account the size of the properties sold, so if most of the sales in a month were apartments the monthly statistic would drop even though the price of houses hadnt. Even this though would be significant because it would mean people werent forking out for expensive homes which might convince developers to concentrate on more affordable starter homes which are in short supply.
KiwiBuild 'significantly cheaper' than other smaller-scale developments, Colliers says
Youre just annoyed you cant use nats talking point of NOT ONE HOUSE BUILT anymore.
ASB offers KiwiBuild buyers a 95 per cent mortgage
you no longer have to pay extortionate rent
Data shows costs rising for New Zealand landlords
Cam9, someone buys them. If theyre million dollar homes then maybe its another would be landlord or someone who wants to upscale from a more affordable home that does go to a first time buyer. The point is, they dont just disappear off the face of the earth. And while I accept that generally rentals house more people than owner occupied homes, landlords are not the saviours of the homeless that some in this thread would make out.
New push to ban 'one-man lift' after World Rugby data suggests injury risk
then the kicker has to place it better. Its not like the one man lift is a recent addition to the world of rugby, there are legal ways to get around it.