Posts by Steve Barnes

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  • Speaker: David Fisher: The OIA arms race, in reply to FletcherB,

    ASB has not always been a privately held business

    Someone, no doubt, will correct me if I am wrong but wasn't having an account at a trust bank a proviso for getting a mortgage years back, a bit like the old British "Building Societies"?

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to BenWilson,

    Elm St is a pretty primo location in Avondale

    I had an estate agent door-knocking, hoping to sell my Avondale place and suggesting I move to Ranui.

    Sounds like a Nightmare...... :-O

    /coat

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Jeffrey Busbridge,

    Myself and a lot of people I know who flatted in Grey Lynn or Ponsonby in the 90's have gone on to be successful enough to now buy in the area.

    Define success....
    If success is an overpriced house in an under resourced city with a growing underclass then I guess you and yours have hit the big time. But if you believe, as I do, that success is not a personal achievement but a social one then the wealth you have accumulated is actually something to feel a little guilty about. Every dollar you have is a dollar a child could be fed and clothed with and somewhere a little girl, or boy, waits......

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Amanda Wreckonwith,

    and why Epsom

    Because... Epsom voted to get ACT into Parliament so National could smash the RMA
    making it possible for developers to build ugly high rise slums, so Epsom it is.

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West,

    Ponsonby Road 1988
    NZ On Screen
    Takes ya back eh?

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to bob daktari,

    Ponsonby is rare in that its main street wasn't and still isn't dominated by the same chain stores many other suburbs are -

    The was a reason for that. Ponsonby was a poor area dominated by the Pacific community, students and the bohemian sector of Auckland, hence no market for the big stores which were, anyway, just down the hill on Queen Street.
    Ponsonby followed the usual pattern inner urban decay. First it was an area of cheap workers housing serving the Docks and the industries that were served by them. Once those industries moved away to newer, more modern facilities, that were serviced by new roads, rail and more efficient transport, then the rot set in.
    From that point it followed in the footsteps of places like West Palm Beach

    By the early 1990s there were very high vacancy rates downtown, and serious levels of urban blight.

    Since the 1990s, developments such as CityPlace and the preservation and renovation of 1920s architecture in the nightlife hub of Clematis Street have seen a downtown resurgence in the entertainment and shopping district. The city has also placed emphasis on neighborhood development and revitalization, in neighborhood districts such as Northwood Village, Old Northwood, Flamingo Park and El Cid.

    As the area went down hill (not literally of course or it would have ended up in the gasworks that dominated the bottom of College Hill, later to become Victoria park market but that is another part of another story) houses became cheaper and the slumlords moved in. This actually suited the bohemian community which expanded into a hotbed of creativity with cafes, such as the Open Late and the growth of entertainment at the notorious Gluepot
    The changing of the liquor laws in the late eighties and early nineties saw an explosion of bars and cafes which attracted the notice of the nouveau riche, the yuppies if you will.
    And that, my friend, was the beginning of the end. The uncooling had begun.
    You see, once the "cool" people arrive the uncool wanabees start to buy their way in and from then on, its all about the money.

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Stephen R,

    I think Lianne said on the radio that they hope it would be self-sustaining once it's up and running.

    Which it would as long as the amount borrowed is not huge. Maintenance is not a massive cost, especially if it is carried out by the corporation and not tendered out to profit making companies. Rents are, at the moment, running at about the same level, if not higher, as the interest on borrowing for the property and subsidies are available from MSD for those that cannot afford market rents and qualify.
    So it would not be unreasonable for the project to, eventually, become self funding.

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Russell Brown,

    Everything Amanda W suggested would make long-term renting a less attractive alternative.

    Not necessarily. It would be counter productive to regulate landlords out of existence but there should be a large and professional section of that market to make it unnecessary for the slumlord to exist. To have a reliable supply of rentable property we have to reduce the number of small landlords, people with one or two properties as rental/investment properties who tend to sell up and thus create unstable tenancies, and increase the "professional" large scale operations that are in it as a serious rental agency. This will happen naturally as property, in itself, loses its attractiveness as an investment and investors turn to better investments such as shares in productive businesses.

    ETA
    Oh and Russ
    Amanda Wreckonwith / A Man to Reckon With., not, I believe, someone called Amanda,.
    I think he's a Man... Duh!

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Amanda Wreckonwith,

    They don't even have to be state houses. We just have to make sure the restrictions placed on landlords, rental agreements and capital gains are conducive to a rental culture.

    I agree but the situation we have is that we are constantly told that home ownership is the Kiwi ideal and that people who live in state housing are somehow a failure. If the Govt. were to build and own a vast swath of property for everyday working people then the private sector would, instead of competing with the state sector, be able to concentrate on higher end rentals for those on higher incomes, thus, creating an environment where renting isn't seen as a failure to own.
    Generally though people who get in on the "property ladder" end up paying as much to the banks as they pay for their property through mortgages and at the end of the day, unless you drastically scale down your investment by either moving out of town or going back to rental, you are unlikely to see any return on that outlay
    ie. if you owned in Herne Bay for ten years you may have seen your house rocket in value but if you want to stay in Herne bay then the house you buy next will have an equally inflated price as the one you're selling, so no real profit at all.
    ETA In fact you would lose out on the interest paid to the bank and that is little different to paying a landlord, who ever it is.

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

  • Hard News: The uncooling of the inner West, in reply to Russell Brown,

    And now the government has declared it has no interest in building, or even owning, more state houses.

    Exactly my point.

    The wireless north ;-) • Since Dec 2006 • 4941 posts Report Reply

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