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| Thread ID: 86986 | 2008-02-03 20:21:00 | Housing | Cicero (40) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 637204 | 2008-02-05 00:38:00 | I agree with Mercury. Let the market dictate house prices. If noone is willing to buy houses at this inflated price then there's no choice apart from them going down. Was considering buying my first recently instead of paying rent, but there's just no money in it. Best to wait until the market is better and make your move then. It's not really the sort of thing the government should be regulating. Instead concentrate on things that matter. Healthcare, Education, and more reasonable wages. Muldoon showed us nicely that there are some things governments weren't meant to meddle in. Nice ideas, impossible to manage. But I won't be voting National. Not even close. |
Thebananamonkey (7741) | ||
| 637205 | 2008-02-05 00:41:00 | Also, public transport isn't expensive. In wellington $95 will get you a monthly bus pass, for basically unlimited travel. Show me a car commuter who spends less than that in petrol and parking. Not to mention not actually having to drive there yourself is nice. Not advisable to read books in the car, but on the bus you're all good. Trains aren't too much worse. | Thebananamonkey (7741) | ||
| 637206 | 2008-02-05 03:22:00 | I see a lot of articles in the papers about couples complaining about the cost of a house in XXX (insert suburb of choice) . They all seem quite horrified at the idea of looking in less trendy suburbs at smaller houses . They seem to forget, its the 1st house, not the last . |
pctek (84) | ||
| 637207 | 2008-02-05 03:58:00 | They all seem quite horrified at the idea of looking in less trendy suburbs at smaller houses . They seem to forget, its the 1st house, not the last . Very good point . My thought would be to buy a house . At least you've stopped the cost going up, then use it - at a later date - as a step up to Epsom, Remuera or Karori . :cool: |
Roscoe (6288) | ||
| 637208 | 2008-02-05 04:42:00 | Very good point. My thought would be to buy a house. At least you've stopped the cost going up, then use it - at a later date - as a step up to Epsom, Remuera or Karori.:cool: Or Massey lol C1 |
chicken one (6501) | ||
| 637209 | 2008-02-05 05:06:00 | It's the old supply and demand equation. Whilst there are more people seeking houses than selling them they will go up. Once there are more sellers than buyers then they will flatten off or go down. Currently it is much cheaper to rent (at least in Ak) than to buy. And I mean a LOT cheaper. But indications are that rents are liable to rise by around 6% per annum for the next few years till it equals out. We will see what happens. |
Mercury (1316) | ||
| 637210 | 2008-02-05 05:15:00 | It's the old supply and demand equation. Whilst there are more people seeking houses than selling them they will go up. Once there are more sellers than buyers then they will flatten off or go down. Currently it is much cheaper to rent (at least in Ak) than to buy. And I mean a LOT cheaper. But indications are that rents are liable to rise by around 6% per annum for the next few years till it equals out. We will see what happens. While you have been paying rent,houses are going up in price,in the long run that will mean higher rents,if you had bought into a dump,at least you would be taking advantage of the fact that price goes up. Seems to be a tendency to over commit price wise. |
Cicero (40) | ||
| 637211 | 2008-02-05 05:36:00 | Cicero, I agree with you. Having been a landlord for many years I have had tenants that I know instantly will buy their own houses and others that are destined for life time renting due to their non-existent budgeting skills. I've got two at the moment who are destined for Housing Corp houses. (It may happen sooner than they think if they don't catch up with the arrears!) I'm really delighted when tenants of ours buy their own places even though it means losing a good tenant. |
Mercury (1316) | ||
| 637212 | 2008-02-12 03:29:00 | Looks like we're in for another housing boom before the current correction sorts itself out. How high will prices go now? www.nzherald.co.nz Haven't Labour heard of the supply and demand equation? |
Mercury (1316) | ||
| 637213 | 2008-02-12 04:35:00 | Looks like we're in for another housing boom before the current correction sorts itself out . How high will prices go now? . nzherald . co . nz/section/1/story . cfm?c_id=1&objectid=10491994" target="_blank">www . nzherald . co . nz Haven't Labour heard of the supply and demand equation? I think it will be very limited in the number of people who qualify, so I very much doubt it will increase prices . A lot of people are hurting at the moment with interest rates, and it won't be too long before we get a lot of mortgagee sales on the market . Unfortionately these developers are the ones who are the problem . They are hanging onto their land and drip feeding it to the public, which has led to high land prices and supply problems . They should be made to release it , as there is more than enough land earmarked for residential use for the next 50 years . They are currently acting a bit like an oil cartel . These developers also have friends in the council who help them out . I like the idea of the governments, of releasing crown owned land to build homes on . However I hope that it isn't just released to low income people, otherwise will will end up with ghettos . You need a mix of socio groups . |
robbyp (2751) | ||
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