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I agree, in my opinion it is a vast exaggeration to say the high prices of housing in Auckland is fixed, or Wellington and Queenstown for that matter. Construc
by teruakohatu 4y ago
I agree, in my opinion it is a vast exaggeration to say the high prices of housing in Auckland is fixed, or Wellington and Queenstown for that matter.
Construction costs are out of kilter. The fact that we run out of essential materials such as gib (I believe Americans call it sheet rock or drywall) means the high prices are not going away.
- stubish 4y agoThe article doesn't say anything is fixed, which is always going to be subjective. It says rental prices are growing slower than other NZ cities, and prices in some areas has dropped. It theorizes that this is because of the changes to zoning laws.
- teruakohatu 4y ago> It says rental prices are growing slower than other NZ cities, and prices in some areas has dropped I would say rental prices most likely have dropped due to the property bubble in Auckland bursting. The bubble was bigger than almost everywhere else, so I could expect rents to drop accordingly. I really do wish this was not the case, I would love for the problem to be fixed.
- pradyuprasad 4y agoAuthor here, I think that comparing Auckland to other cities is a relevant metric because the property bubble was nationwide but the zoning reform was Auckland only
- EdwardDiego 4y agoHi author, I really have to ask what research you did into the current state of rents / house prices in NZ, because your conclusions don't correlate with the current reality, at all. That rents are increasing slower in Auckland now, compared to other regions, doesn't mean much, because they already spiked through the roof, in far excess of every other region, five years ago. The title is unfortunately out and out misleading, just because Auckland is still the most expensive city to live in (Queenstown isn't a city). And if the best that can be claimed is that rents went up a bit slower than other cities, but the increase began from an already far higher level of rent prices, then has Auckland actually solved the cost of housing? Any New Zealander can answer that in two to three words. Either, "lol, no", or "lol, fuck no"
- ihatepython 4y agoTechnically, lol is not a word, but an abbreviation for Laughed Out Loud, so "lol, no" would be 4 words, not 2. Unless by lol, you meant "League of Legends", which would make "lol, fuck no" 5 words, not 3.
- EdwardDiego 4y agoTechnically, you're correct. The most socially isolating form of being correct.
- aunty_helen 4y agoIt's literally in the title. You don't even have to RTFA... it's at the top of this page.