Posts by Rich of Observationz

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  • Hard News: Friday Music: Not just…,

    streaming is actually helping retail sales, for vinyl at least, cause many consumers want that tangible object they can connect with, few want a CD

    It doesn't help that because vinyl records are now artefact rather than media, new vinyl records are sealed up and can't be listened to in-store, because they don't want them fingered, scratched and played on their $150 turntables.

    "Go and listen to it online and decide whether you want it?" - fine, but it's fairly likely that I'll go on to ordering it from Juno rather than going back to the store.

    My suggestion to fix this would be a QR code sticker on the record, so you can go to the listening station, scan it and hear the music without opening the sleeve.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Speaker: House prices and the "Magic Money", in reply to David Hood,

    And that one house is now worth 256 billion dollars

    But the figure you have for "total house value" is a statistical valuation, right? It's based on looking at actual sales prices versus a baseline (like GV) and applying that to all the properties. So (at an extreme example) if there was one house sale and it sold for twice GV, all the houses in the country would be valued at twice GV.

    Also, is commercial debt (as in property developers borrowing to "land bank") counted as household debt?

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Speaker: House prices and the "Magic Money",

    Just trying to understand this:

    If you had a country where house sales were very unusual (as was re-mortgaging to extract equity), but prices as indicated by the small number of sales were rising fast, then you'd get a corresponding rise in the value of the housing stock without a significant rise in debt?

    Could it be that since 2008, most Aucklanders have been sitting on their gains and hence the house price value is increasing without a corresponding change in debt?

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Speaker: House prices and the "Magic Money",

    the initial launch point (third quarter 2001) precedes the RMA

    The RMA was enacted in 1991 and a Town and Country Planning Act preceded it (1977). I don't think there's been a free-for-all in land development in NZ (or in most developed countries) for a long time.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Speaker: Protesting private prisons, in reply to Steve Barnes,

    Rentokil have been doing catering for years, they were the lunch contractor at a firm I worked for. It was as bad as you might expect.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Polity: Too much to swallow on the TPP, in reply to Don Christie,

    My understanding is that trade agreements don’t have to be ratified by Parliament. So talk of votes and how they stack up is moot.

    I wonder whether Labour or the Greens would support a law change such that they did.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Polity: Too much to swallow on the TPP, in reply to Sacha,

    Who? There are only a few small boutique PS firms that are NZ owned or based.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Polity: Too much to swallow on the TPP,

    Well Dunne can be relied on to be a "willing seller" at the right price?

    The Māori Party will probably be kept happy if the TPPA gets translated into Te Reo. After all, the Marine and Coastal Area (Takutai Moana) Act is pretty much the F&S Act, just with a couple of Māori words in the title.

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Speaker: What I learned in Class: Should…, in reply to BenWilson,

    The VW is the anti-bogan car, really. It’s understated, respectable looking but in many models ridiculously fast. (My mother had a Golf GTI at the age of 80. Me: What’s that blipping noise when I lift off the throttle – does it need checking? Mum: It’s the turbo wastegate dear. Me: Your car has a turbo?)

    Bogan cars, OTOH look fast, make a loud noise but struggle to deliver acceptable performance and handling. See Aussie V8 racing – it was an entire racing code with a caveat that the cars had to be built using 1950’s technology. (I think they now race Japanese and German cars, the Australian motor industry having run out of buyers for their land yachts and closed down).

    Back in Wellington • Since Nov 2006 • 5550 posts Report

  • Legal Beagle: Necessity: or the Sky is Falling,

    Come to that, isn't this Act fairly firmly in conflict with S26 (1) of NZBORA? And I don't see an AG report in Hansard as required by S7 of that Act?

    I know the Bill of Strictly Optional and Tiresome Rights General Guidelines Only allows parliament to ignore any of the enshrined rights at will, but is the AG report also optional?

    Back in Wellington • Since Nov 2006 • 5550 posts Report

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