4 ms·

> ‎‎75% of Auckland is zoned for 1 or 2 story buildings Sounds like a great place to live > Here's 97% of your house pricing problem. Not foreigners, not low

by rb808 9y ago

> ‎‎75% of Auckland is zoned for 1 or 2 story buildings Sounds like a great place to live > Here's 97% of your house pricing problem. Not foreigners, not low interest rates, not land taxing policies. Not really, you can still have a small city and keep it a that way if you keep the population under control and avoid speculation, which is sounds like what they're doing. You could turn it into a big city like Los Angeles or Vancouver but that just creates different problems - and as they show - doesn't even keep prices low.

nosuchthing 9y ago
If you want to live in a low density city, there's plenty of other smaller cities, suburbs, and sparsely populated rural areas where that makes sense. If you're seeking to artificially limit growth and prohibit buildings from being developed in the largest urban area in the country, than it'll inevitably suffocate economic growth as younger generations and entrepreneurs turn elsewhere.
- mantas 9y ago
  It will help local younger generations to get affordable housing. What it will turn away is foreign investors in real estate, just seeking where to park their money (e.g. Vancouver). It will limit only unsustainable growth which would lower (possibility of) crisis usually following influx of cheap money (e.g. most of Europe in '08).
  - chronicy292 9y ago
    > It will help local younger generations to get affordable housing. And since when is affordable housing in popular dense Urban areas a right for younger generations? If the younger generation can't afford it, they should take a loan, just like they did to college.
  - conanbatt 9y ago
    You are forgetting the effects of getting so much foreign cash into your economy.
    - mantas 9y ago
      I'm referring to them in 2nd part of my post: > It will limit only unsustainable growth which would lower (possibility of) crisis usually following influx of cheap money (e.g. most of Europe in '08).
starky 9y ago
>You could turn it into a big city like Los Angeles or Vancouver but that just creates different problems Funny, I was reading the statements about Auckland and thinking, this sounds exactly like Vancouver's problem. Parts of downtown are quite dense but the vast majority (80%) of the city is zoned SFH. Vancouver is not a big city.

by rb808 9y ago

nosuchthing 9y ago

If you want to live in a low density city, there's plenty of other smaller cities, suburbs, and sparsely populated rural areas where that makes sense. If you're seeking to artificially limit growth and prohibit buildings from being developed in the largest urban area in the country, than it'll inevitably suffocate economic growth as younger generations and entrepreneurs turn elsewhere.

mantas 9y ago
It will help local younger generations to get affordable housing. What it will turn away is foreign investors in real estate, just seeking where to park their money (e.g. Vancouver). It will limit only unsustainable growth which would lower (possibility of) crisis usually following influx of cheap money (e.g. most of Europe in '08).
- chronicy292 9y ago
  > It will help local younger generations to get affordable housing. And since when is affordable housing in popular dense Urban areas a right for younger generations? If the younger generation can't afford it, they should take a loan, just like they did to college.
- conanbatt 9y ago
  You are forgetting the effects of getting so much foreign cash into your economy.
  - mantas 9y ago
    I'm referring to them in 2nd part of my post: > It will limit only unsustainable growth which would lower (possibility of) crisis usually following influx of cheap money (e.g. most of Europe in '08).

starky 9y ago

>You could turn it into a big city like Los Angeles or Vancouver but that just creates different problems Funny, I was reading the statements about Auckland and thinking, this sounds exactly like Vancouver's problem. Parts of downtown are quite dense but the vast majority (80%) of the city is zoned SFH. Vancouver is not a big city.