Decent volcanoes are a lot rarer than earthquakes. But they're probably a lot more destructive. If you got one the size of even the smaller cones in the Auckland region popping up in the CBD, there isn't going to be any rebuild.
We get about one per thousand years, so there's the odds - 1:1000 every year. Eventually, it's going to happen.
ETA: Happen somewhere in Auckland, that is. Odds of it happening in the CBD are a lot less.
Is there not a mainstream market for proper investigative journalism in New Zealand?
There's a market, but it's not a mass market.
our combined advanced academic thought of the last 10,000 years
From neolithic to neoliberal in only 10,000 years!
And I’d wager that there might well be a few more stories to be found in interrogating the data that governments and ministers offer to justify their actions.
The way you've phrased that sentence highlights exactly what the problem is.
Be careful calling a wager bollocks
How long can people put up with this, I ask?
Well people put up with a lot worse for thousands of years. Which doesn't make it right, it's just a fact about people.
The milk solid auction prices have already dipped, or “crashed”, so when will this “boom” turn to bust, one wonders?
That's the 800 billion dollar question. Been waiting a long time. I think ultimately property is too big to fail. Which sounds like famous last words, but really, once it's the main source of wealth, how can it?
The social issue isn't really whether property will crash causing some terrible catastrophe, but actually what the slow burning catastrophe of it not crashing is. Essentially, wealth is concentrating. Do we move from long-since-egalitarian to outright plutocracy? There are people that rich here now. It's a pretty symbolic shift, to me, that the super-rich banker is the great man-of-the-people.
We established that last week didnt we?
It's just something real estate agents have been telling me since I first got serious about buying property. Every suburb is the new Ponsonby. Which has, going on the meteoric growth, actually been true in every case. And since estate agents only concern is the value of property, from their point of view it's true.
Giving shit to west Auckland is so 90s, you guys. ;)
I think I'm entitled, having lived here since I was born. In fact I'm I third generation westie.
It's an interesting sign of how times have changed that it used to be that outer suburban homes were a gateway to moving further in. Now it's the other way around - locking in an inner suburban plot is your gateway to retiring into the country.
Says something about how the earning dynamics have changed. The first option was indeed my plan ten years ago. But now that property has pretty much doubled whilst incomes have barely gone up at all, a move toward the center would be financially crippling.
Practically every person I know who lives closer to the city has made more paper money than their actual income in that period. Why even have a job under these circumstances?
Otoh, I can see why someone who’d moved from Wellington to Massey would miss Wellington.
But Massey is the new Ponsonby!