Posts by chris
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Speaker: House prices and the "Magic Money", in reply to BenWilson,
I just assumed that was the purpose of all the marketing and advertising.
Speaking as a nation, I think you’ll find there are a lot of non-Auckland sellers desperately hoping those prices overflow into the regions, a lot of non-Auckland buyers pleasantly surprised that they are for the most part not and a lot of non-Auckland long term tenants who can’t for the life of themselves understand why anyone would want to live there. Not a great time to buy in Sydney but we're moving into a fantastic window to buy in Perth – as they say.
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Speaker: House prices and the "Magic Money", in reply to David Hood,
but the actual immigration numbers are not a match to house price rises
The issue I’m unclear about is not so much related to immigration per se, but to residency and purchases by expats. New Zealand being one of the more convenient countries to immigrate to, get residency and then leave. Wikipedia is giving
stats like this:Between 1991 and 1995 the numbers of those given approval grew rapidly: 26,000 in 1992; 35,000 in 1994; 54,811 in 1995
and:
In 2005, almost 20% of New Zealanders were born overseas, one of the highest percentages of any country in the world.
and
In 2004–2005 Immigration New Zealand set a target of 45,000, representing 1.5% of the total population. However, the net effect was a population decline, since more left than arrived. 48,815 arrived
and
Nearly 100,000 people were issued work permits to work in sectors ranging from IT to horticulture in the 2005/06 year. This compares with around 35,000 work permits issued in 1999–2000. Around 52,000 people were approved for permanent New Zealand residence in 2005/06. Over 60 per cent were approved under the skilled or business categories.
When spreading these kinds of residency/ immigration numbers over 15 years one can get an inkling as to how many purchases may be being made by residents/ skilled immigrants with offshore money. In addition there are those like Paul who’ve returned. In addition there are also citizens/ permanent residents (roughly a million New Zealanders) who moved abroad, some of whom have continued to own/ buy property here.
If we divide 300b by say (plucking a number) 750,000 people that comes to about $400k a piece. So I’m wondering what impact these – shall we say legitimate – trends would have.
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Polity: Too much to swallow on the TPP, in reply to Ian Dalziel,
I make a habit of reading through the comments under MSM articles, It’s always a pleasure to stumble on one of your own. The single most disturbing comment I’ve ever read was on Stuff.co.nz last September. Written by a hospital employee, it dealt with the spike in suicide/self harm admissions on election night. Obviously there’s absolutely no way to verify its veracity.
Yesterday I couldn’t help but notice an intensification in the tone of the TPPA comments:
junkrodder 18 hours ago
96% are against the TPP in a latest poll – no matter what side of the political spectrum you sit on this must not be allowed to pass. This is when NZ needs to rise up and say there is limit to this madness & this is where we draw a line in the sand. To do nothing would be a grave mistake for which I fear we will all pay dearly. This is a corporate power grab & nothing more. +31
2 repliesdomesticated_NZ18 hours ago
I’m with you. You with me? +10DavidBrent17 hours ago
The poll I saw was 82% against, still a staggering majority +10domesticated_NZ 19 hours ago
Comments on blogs, media attention, angry emails to elected official, protest movements or petitions will not prevent the National party from signing out our economic sovereignty on this “agreement”. Unfortunately, the last option we have now as a public, is civil unrest. I vote NO to this “deal”, and consider the NZ signees of the TPP as treasonous self-serving criminals. I will not abide by the laws of these national traitors, nor by the conditions of the TPP treaty. I urge YOU to revolt with me.
Show your spine NZ. +29
1 replyMike_Oxlong15 hours ago
When and where? I’m keen. +5DavidBrent 20 hours ago
How about signing a real free trade agreement rather than the TPPA John?
I only say that for the sake of NZ farmers, NZ businesses, NZ soverignty and NZ Health system .TPPA is corporate fascism that Nation party support. Big overseas companies will be able to sue the NZ govt for millions in damages in secretive offshore tribunals, claiming that new laws and regulations e.g for a ban on fracking, GM, smoking laws, or a cap on electricity prices etc. Copyright laws will be toughened and more harshly enforced, restricting internet freedom and access to information, costing libraries, schools, and businesses, and stifling innovation.
Parallel importing will be banned, meaning that New Zealanders, especially the poor, will have to pay far more for all sorts of ordinary products.
Foreign banks, insurance companies and money traders will gain more powers to challenge laws designed to prevent another financial crisis; and overseas property dealers could contest moves to burst the property bubble, such as a capital gains tax.
John Key you are an evil sell out and speak with forked tongue – plain and simple.
1 reply +28domesticated_NZ18 hours ago
Civil unrest is the last and only option now. Revolt with me. +12atret 20 hours ago
A poll on radiolive website shows that 96% say NO to signing the TPPA. Someone impeach this traitor John Key asap. +26
2 replies
DavidBrent17 hours ago
Parliament holds the power of initiating an impeachment. Any MP may make accusations of any crime but the member must support the charges with evidence and then move for impeachment. Seems corporate crime and shady backroom deals which destroys a countries sovereignty isnt listed? +10No More16 hours ago
Hear hear! +7Given the arbitrariness of Stuff.co.nz moderation, there’s very little that can be extrapolated from such a limited number of voices, yet I can’t recall a precedent – on that website at least.
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Speaker: House prices and the "Magic Money", in reply to David Hood,
Undoubtably, but without access to the information on where properties are selling, and for how much within each area, and both of those over time, I can think of no way to break it down regionally.
Some regional breakdowns for you (5 years).
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Rerailing – Roy and Woolf are two of my favourite authors.
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Thomas Hardy's
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I find it remarkably reminiscent of the work of Giuseppe Arcimboldo (1526 or 1527 – July 11, 1593)
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Polity: House-buying patterns in Auckland, in reply to Katharine Moody,
Nope.
Yeah, I figured it was a little too meta…my initial reaction was to dismantle the analogy point by point but there’s just too much there:
reacted emotionally as Chinese and not as citizens of New Zealand
…
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Polity: House-buying patterns in Auckland, in reply to John Laurie,
If I was living in Samoa, and evidence was presented that non-resident New Zealanders might be buying up 30% of houses on the market, and prices were increasing at such a rate that local residents were being priced out of the market, would my reaction be to feel that that Samoan Government should do something to stop it, or would I just feel offended that someone had targeted New Zealanders?
You're the only person in a position to answer that.
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Hard News: News from home ..., in reply to Russell Brown,
I’m of the view that this result borders on tragedy for Labour.
Yeah, actually, reconsidering, I think you’re absolutely correct. Whatever Key’s got appears to be contagious when all we need is someone who has been vaccinated.
