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| Thread ID: 146682 | 2018-10-22 23:25:00 | What items do you find over priced here in NZ | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1454800 | 2018-11-14 17:01:00 | OK, so we all agree that most things we buy here in NZ are over priced. So what can we do about it, if anything! My theory is that if all prices were reduced by say 10%, then we would buy more or save more so we would all be better off. Less people would be tempted to buy online. (When I say "we" I mean us the consumer, not the government) |
Digby (677) | ||
| 1454801 | 2018-11-14 19:40:00 | Nz prices are high because NZ is full of rip-off artists masquerading as legitimate businesses, all getting what used to be called super-profits in my day In Economics 101. | zqwerty (97) | ||
| 1454802 | 2018-11-19 09:32:00 | Everything at Payless Plastics is dearer than elsewhere! They should change their name to Paymore Plastics |
Digby (677) | ||
| 1454803 | 2018-11-19 20:02:00 | Nz prices are high because NZ is full of rip-off artists masquerading as legitimate businesses, all getting what used to be called super-profits in my day In Economics 101. economics of scale small country, at the arse end of the world, with lingering hangovers from 70's,80's with cost+ business models , and the old importer=distributor=retailer model : all adding their margain lack of real competition in many sectors . companies using RMA act to block other business opening new branches too much govt & council interference , fees & levies the internet is slowly changing some prices, as some sectors now have to compete with global pricing. Other sectors can almost charge whatever they want . |
1101 (13337) | ||
| 1454804 | 2018-11-19 20:12:00 | One problem as I see it is small to medium business, including the professions, that are unwilling to roll with the bad times. Ignoring Economics 101 supply and demand principles, these businesses are insisting on holding out for what they see as a god ordained ROI. Or rather, accountant ordained ROIs. So we see my GP clinic raising their consultancy fees - because their accountant (spouse of one of the principal medics) says the practice is not making enough of a profit. So what happens? Patients start dropping off because the increased fees have rendered a visit to the GP as a luxury expenditure. Revenue drops off, the practice raises its fees even more ... Or the vet that wants to charge a friend into the 1,000s for an MRI scan on their dog. Friend just couldn't afford it, so declined the scan. Vet loses out because they are trying to recover their investment in the MRI machine by demanding the machine pay for itself. Forget supply and demand, they've just priced themselves out of the market with a very expensive machine their client base doesn't want, and cannot afford. Just about the only local companies that are (sort of) profitable are the major players such as Fletchers, who have reached a critical mass with a size that enables them to take the knocks, and subsidise some of the smaller non-profit making units in their portfolio. A PM and Finance minister that doesn't even understand what GDP is, don't help us, either. |
WalOne (4202) | ||
| 1454805 | 2018-11-19 20:51:00 | But if professions, requiring costly equipment are costly, e.g. dentists, vets, etc, then don't enter/study for them in NZ.If so, run off to USA and target their wealthy. A kiwi couple/team (www.stuff.co.nz) (stuff NZ) nurses duo did and seem to be doing very well, targeting/catering private hospitals with wealthy clients. Large companies as mentioned above, can subsidize their other facilities, but often under pressure from shareholders, banks, and stakeholders, as I found out when working for UEB/Carter Holt. Or well sell them/fragment/re-brand if don't perform to please shareholders... Even some of our salvation army stores are becoming costly - particularly for clothing, and general consumer goods.. |
kahawai chaser (3545) | ||
| 1454806 | 2018-11-19 23:13:00 | . "The prescriptions there are $5. Here, $2.50 at Countdown (now free), free at certain other NZ chemists and free at that new one here in Akld." Grrrr...it annoys me when perceptions are wrong. From someone in the industry and knows, the $5 charge is nothing compared with the actual costs. Your taxes pays up for the balance of what the prescription cost (drug cost + dispensing fee). I have had prescriptions which have cost the govt over $11000 YES $11K per month. Is your $5 contribution too much to ask for your own health? |
Helplesss (272) | ||
| 1454807 | 2018-11-26 18:19:00 | . "The prescriptions there are $5 . Here, $2 . 50 at Countdown (now free), free at certain other NZ chemists and free at that new one here in Akld . " Grrrr . . . it annoys me when perceptions are wrong . From someone in the industry and knows, the $5 charge is nothing compared with the actual costs . Your taxes pays up for the balance of what the prescription cost (drug cost + dispensing fee) . I have had prescriptions which have cost the govt over $11000 YES $11K per month . Is your $5 contribution too much to ask for your own health? Yes you are correct there . The charge we pay at the chemist is only a fraction of what the drugs medicine costs! If we all paid the actual cost some people would be astounded! |
Digby (677) | ||
| 1454808 | 2018-11-26 22:05:00 | I think the problem is incomes have not gone up reletive to inflation. Our cost of living is rated at 14th highest in the world. | Laggard (17509) | ||
| 1454809 | 2018-11-26 22:51:00 | For some reason people have forgotten that they actually have to pay back their mortgages, the banks are not helping by lending to people to buy houses at over inflated prices. Currently building our new house with help from my work who are doing all the heavy work and organising the sub trades. Even if I paid for all the work I'm doing myself the cost to build is nowhere near what the bank valuer says its worth when finished. So someone is rorting the money and its not the tradesman/woman. If we had built in our previous town on a sub division we would have also been liable to a $70k infrastructure levy. By moving towns and finding land with no covenants, basically a large paddock of grass we can save that money and use it for the important things we want like solar feedback, 100's of trees mainly fruit etc. |
gary67 (56) | ||
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