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Thread ID: 135181	2013-10-04 21:19:00	The new house insurance conundrum	beetle (243)	PC World Chat

Post ID	Timestamp	Content	User
1355111	2013-10-06 21:07:00	One of the few times I am glad I rent.... That will go up through the roof with the full effects of EQC and Insurance premiums rise in the near future. Lurking.	Lurking (218)
1355112	2013-10-06 21:13:00	hmmn. If my neighbours retaining wall fails, I loose part of my diveway & my house might be at risk . I just hope his insurance does cover this sort of thing. Who is deemed to be the owner & responsible for a retaining wall anyway? does it depend of what side of the property boundary it sits on ?	1101 (13337)
1355113	2013-10-06 21:14:00	That will go up through the roof with the full effects of EQC and Insurance premiums rise in the near future. Lurking. There is only so much of that the market can stand. If they go up much more half the city will no longer be able to afford a house and they will stand empty. I can't see it rising too much more, there is little leeway left.	DeSade (984)
1355114	2013-10-06 21:15:00	Not all retaining walls are on the boundary ............ i have 4 over 1m high retaining walls........and none of them are on my boundary's. :(	beetle (243)
1355115	2013-10-06 21:17:00	There is only so much of that the market can stand. If they go up much more half the city will no longer be able to afford a house and they will stand empty. I can't see it rising too much more, there is little leeway left. But your landlords have to recoup the cost some how, because most of these new costs are still filtering in......... :(	beetle (243)
1355116	2013-10-06 21:24:00	But your landlords have to recoup the cost some how, because most of these new costs are still filtering in......... :( That does not change the fact that if rents go up "much" more then a lot of people working and on decent money most of the time will be hard pressed to cover it. Insurance companies are still willing to pay the outrageous rents that are pushing up the value everywhere else but that can't last either, there is already a significant drop in that. These land lords will just have to accept that they need to take less profit out of this and stop gouging the ordinary renter. From my point of view, my land lord is a nice guy (his property managers are ******s but thats another matter) and we already pay more than this place is really worth technically speaking but a "fair" price for the current market in Christchurch. I can't see it rising too much. if at all.	DeSade (984)
1355117	2013-10-06 21:42:00	Ok, talked to the insurance peeps, they suggested i go out and measure all the retaining walls, and fence lines, and drive way. and go back to the calculator site to check and if i have queries or a different result call them back and discuss adding these to my current doc's. as my house information does not state im on a slope, on sand, :( or that i have multiple retaining walls or a very large sleep out with large garage. it just presumes im in a normal average house on flat land no retaining walls and minimal fencing........... lol oh lucky me........ after talking to them they also said they dont need to know size of land, or anything like that..... just what i have that does not fill the "normal " label..............:( weird. so i need to wait for my other end of tape holder to wake up :p and we will start a measuring........... what a fun holiday this will turn out to be :D and Desade i have no idea if they will go up, but not all landlords are well to do landlords who can cover the cost of rising bills ( insurances) some are just plain normal not greatly $$$ peeps who do their best and have to dig their toes in at times to cover costs or lose a house ........ sadly.	beetle (243)
1355118	2013-10-06 21:47:00	But I am not talking about covering costs, I am talking about the disgusting profit that most are making right now. The costs are only now starting to be felt, but the rents rose almost immediately to take advantage of the supply and demand deficit. So my point is now the costs start and eat into the profiteering. We have been paying these "costs" for three years now.	DeSade (984)
1355119	2013-10-07 00:24:00	To be fair Christchurch is the exception because there are huge rent rises there. So far as I know rent around the country is fair and apparently in Auckland below the rise in house prices. The reason I suspect is many families are stretched and cannot pay more. Although you have to wonder how Christchurch people manage.	Winston001 (3612)
1355120	2013-10-07 00:34:00	That does not change the fact that if rents go up "much" more then a lot of people working and on decent money most of the time will be hard pressed to cover it. Rent prices in Ak are insane. I honestly dont see how a young family on median wage can possibly cope. NZ (Ak ??) is fast becoming too expensive to live in .	1101 (13337)
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