Hard News by Russell Brown

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Hard News: Behind those Herald home-buying stories

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  • Joe Wylie, in reply to Alfie,

    The Herald are holding up young Scott as a shining example to the rest of us, although you'd have to ask exactly what kind of five star gourmet lunches were foresaken to generate that level of capital.

    Once these property pieces have done their online headline dash, both the Herald and Stuff tend to have them live out their residual propaganda value alongside items touting the very kind of consumption their subjects claim to have renounced.

    flat earth • Since Jan 2007 • 4485 posts Report Reply

  • Matthew Poole, in reply to Alfie,

    Here's today's effort from the Herald. A nice young man who found that merely making his own lunches gave him enough money to buy his first rental

    ... in Rotorua. He hasn't bought in Auckland.

    Auckland • Since Mar 2007 • 4090 posts Report Reply

  • Kumara Republic, in reply to Matthew Poole,

    ... in Rotorua. He hasn't bought in Auckland.

    It illustrates the trade-off between cheap houses and gainful employment in NZ. Unless of course, you're a farmer, or a company director who can afford to heli-commute. NZ Inc is still behind the 8-ball on telecommuting.

    The southernmost capital … • Since Nov 2006 • 5278 posts Report Reply

  • Paul Campbell,

    Attachment

    Tremain from today's ODT .... as relevant here as just about anywhere

    Dunedin • Since Nov 2006 • 2533 posts Report Reply

  • Matthew Poole, in reply to Kumara Republic,

    NZ Inc is still behind the 8-ball on telecommuting.

    I don't know that we are, TBH. A lot of our employment is simply not suited to remote working (hard to milk cows and show tourists around without being present, at least for now), and knowledge industries actually benefit from in-person contact. There's a reason that Google et al put an amazing amount of effort and capital into getting their people into the same approximate physical locations, and it's not just because it means they get to tout the various benefits as part of their recruitment spiel.

    I can do my job from home, largely, and could in my previous role too (though if I had to assemble or install a computer, hands-on was the only option), but I find it to be far more valuable to be in the same building as my colleagues and able to have casual chats over the coffee machine or the lunch table; chats that, quite often, wouldn't happen without that proximity because they result from the unintended mutual presence instead of being actively sought out. I have resolved more than one minor niggle through those chats, and they also build good rapport that's highly desirable for workplace congeniality.

    Auckland • Since Mar 2007 • 4090 posts Report Reply

  • Soon Lee,

    Chris McDowall @Spinoff does some analysis.

    The real story is this: Young people buying a home either need to move out of Auckland, get some cash from their folks, shack up with someone who can, or build a time machine.

    Auckland • Since Apr 2013 • 123 posts Report Reply

  • Russell Brown, in reply to Matthew Poole,

    I have resolved more than one minor niggle through those chats, and they also build good rapport that’s highly desirable for workplace congeniality.

    Otoh, I have a friend who seriously needed to get out of Auckland and he now works for the APN-owned Pagemasters, working on Aussie newspaper copy from a place near Whangarei Heads. He's good at it and he's happy.

    Tbh, I'd love it if this was a more common option.

    Auckland • Since Nov 2006 • 22148 posts Report Reply

  • EE,

    Well 20 days later and I wanted to check whether this new story in the Herald was about the same guy, Ron Hoy Fong. Sure enough.
    Auckland property investors urged to target deceased estates, 'dummies' and divorcees.

    Auckland • Since Aug 2014 • 17 posts Report Reply

  • Sacha, in reply to EE,

    Not enough character to admit what he has espoused - what a surprise.

    Ak • Since May 2008 • 19362 posts Report Reply

  • Ian Dalziel,

    Christchurch • Since Dec 2006 • 7410 posts Report Reply

  • Kumara Republic, in reply to Ian Dalziel,

    Made the TV one news also:
    https://www.tvnz.co.nz/one-news/business/property-investment-coach-labelled-dishonest-after-advising-buyers-target-vulnerable

    I hope he's a tipping point in the housing bubble debate.

    The southernmost capital … • Since Nov 2006 • 5278 posts Report Reply

  • Matthew Poole, in reply to Kumara Republic,

    I hope he’s a tipping point in the housing bubble debate.

    His antics have cost the Auckland Property Investors' Association their ANZ sponsorship, which was quick. Apparently other sponsors are also evaluating their involvement.

    Auckland • Since Mar 2007 • 4090 posts Report Reply

  • Ian Dalziel, in reply to Matthew Poole,

    His antics have cost the Auckland Property Investors’ Association their ANZ sponsorship

    They were damn stupid to send out a dvd/video without actually viewing it first.

    Christchurch • Since Dec 2006 • 7410 posts Report Reply

  • Joe Wylie, in reply to Ian Dalziel,

    They were damn stupid to send out a dvd/video without actually viewing it first.

    Still, the poor(?) little fella seemed to genuinely believe that he was only advocating the kind of thing that they've been giving out Queens Service Medals and JP-hoods for.

    flat earth • Since Jan 2007 • 4485 posts Report Reply

  • Matthew Poole, in reply to Joe Wylie,

    Still, the poor(?) little fella seemed to genuinely believe that he was only advocating the kind of thing that they’ve been giving out Queens Service Medals and JP-hoods for.

    His position seemed to be "If the agent's saying it's a 'motivated seller' or whatever, then it'd be just plain wrong to not make an offer that takes full advantage of the vendor's clearly-announced circumstances."

    I think the thing that's really problematic for the various associated sponsors is the advocacy of tactics that are, prima facie, illegal. It might be a bit whiffy to pay attention to "motivated seller" or other descriptions in listings to find people who are likely to be a bit less interested in the final price vs getting money, but as he says they're getting leverage from what's in listings. His language is, shall we say, plain, but treading along the edges of ethical lines is hardly limited to property speculators.

    Suggesting pack hunting with dud offers is a different kettle of fish. He even cited having used this, which means it can't just be explained away as a hypothetical.

    Auckland • Since Mar 2007 • 4090 posts Report Reply

  • Joe Wylie, in reply to Matthew Poole,

    His language is, shall we say, plain, but treading along the edges of ethical lines is hardly limited to property speculators.

    I'm not seeing a major philosophical distinction between this and Bill English's dismissal of the disadvantaged as the drug-addled authors of their own misfortune. Especially so when Matthew Hooton drops by to confirm it as a foundation myth & legend of the grammar zone.

    flat earth • Since Jan 2007 • 4485 posts Report Reply

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