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  • Rents through the roof

    From JohnO@21:1/5 to All on Tue Jul 25 19:45:18 2023
    https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour incompetence.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to JohnO on Wed Jul 26 03:02:45 2023
    JohnO <johno1234@gmail.com> wrote: >https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech and to remove freedom to enjoy democratic process.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Gordon@21:1/5 to JohnO on Wed Jul 26 04:38:02 2023
    On 2023-07-26, JohnO <johno1234@gmail.com> wrote:
    https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour incompetence.

    Taking the $620/week rent in the article along with the $50/week in crease, this suggests a 50/570 increase which is 8.8%, so allowing for 7% inflation,
    it looks like the infaltion surge has hit the rents.

    If the landlords are not condfident in raising the rents they will sell and leave the market.

    In short this is a Trade Me advertorial. Corel Logic's turn next week.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Gordon@21:1/5 to Tony on Wed Jul 26 04:27:01 2023
    On 2023-07-26, Tony <lizandtony@orcon.net.nz> wrote:
    JohnO <johno1234@gmail.com> wrote:
    https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >>incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech
    and to remove freedom to enjoy democratic process.

    Let us include the radio silence on the excess death rates which are still ongoing.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to Gordon on Wed Jul 26 18:16:32 2023
    On 26 Jul 2023 04:27:01 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2023-07-26, Tony <lizandtony@orcon.net.nz> wrote:
    JohnO <johno1234@gmail.com> wrote: >>>https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >>>incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech
    and to remove freedom to enjoy democratic process.

    Let us include the radio silence on the excess death rates which are still >ongoing.

    If it is excess deaths from Covid that are being referred to, radio
    may not be the easiest way of seeing the latest information.

    For a comparison with other countries, see: https://ourworldindata.org/grapher/excess-deaths-cumulative-per-100k-economist?tab=chart&country=USA~AUS~GBR~SWE~FRA~NZL

    Essentially, the higher the line the more excess deaths - the chart
    gives the cumulative number of excess deaths per 100, 000 population.

    New Zealand experience over the whole period is around 12 excess
    deaths per 100,000 population - for the United States their cumulative experience is around 400 per 100,000 population; Australia around 120
    per 100,000.

    But to address rental issues, the data is prices being asked in a free
    market - do any of those that have posted in this thread believe the
    government should have intervened to affect the offered prices? - and
    if so, what do they believe should have been done?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From John Bowes@21:1/5 to All on Wed Jul 26 02:15:06 2023
    On Wednesday, July 26, 2023 at 6:20:02 PM UTC+12, Rich80105 wrote:
    On 26 Jul 2023 04:27:01 GMT, Gordon <Gor...@leaf.net.nz> wrote:

    On 2023-07-26, Tony <lizan...@orcon.net.nz> wrote:
    JohnO <john...@gmail.com> wrote: >>>https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >>>incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech
    and to remove freedom to enjoy democratic process.

    Let us include the radio silence on the excess death rates which are still >ongoing.
    If it is excess deaths from Covid that are being referred to, radio
    may not be the easiest way of seeing the latest information.

    For a comparison with other countries, see: https://ourworldindata.org/grapher/excess-deaths-cumulative-per-100k-economist?tab=chart&country=USA~AUS~GBR~SWE~FRA~NZL

    Essentially, the higher the line the more excess deaths - the chart
    gives the cumulative number of excess deaths per 100, 000 population.

    New Zealand experience over the whole period is around 12 excess
    deaths per 100,000 population - for the United States their cumulative experience is around 400 per 100,000 population; Australia around 120
    per 100,000.

    But to address rental issues, the data is prices being asked in a free market - do any of those that have posted in this thread believe the government should have intervened to affect the offered prices? - and
    if so, what do they believe should have been done?

    Labour policies have helped drive up rental prices Rich. Anything you say in denial of that fact is just another of your constant lies! Hell you lie worse than Labour ministers and the PM!
    We live in NZ not other countries Rich. Your disinformation/propaganda in support of left wing garbage isn't worth the paper it's not printed on!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to All on Thu Jul 27 09:47:13 2023
    On Wed, 26 Jul 2023 18:16:32 +1200, Rich80105 <Rich80105@hotmail.com>
    wrote:

    On 26 Jul 2023 04:27:01 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2023-07-26, Tony <lizandtony@orcon.net.nz> wrote:
    JohnO <johno1234@gmail.com> wrote: >>>>https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >>>>incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech
    and to remove freedom to enjoy democratic process.

    Let us include the radio silence on the excess death rates which are still >>ongoing.

    If it is excess deaths from Covid that are being referred to, radio
    may not be the easiest way of seeing the latest information.

    For a comparison with other countries, see: >https://ourworldindata.org/grapher/excess-deaths-cumulative-per-100k-economist?tab=chart&country=USA~AUS~GBR~SWE~FRA~NZL

    Essentially, the higher the line the more excess deaths - the chart
    gives the cumulative number of excess deaths per 100, 000 population.

    New Zealand experience over the whole period is around 12 excess
    deaths per 100,000 population - for the United States their cumulative >experience is around 400 per 100,000 population; Australia around 120
    per 100,000.

    But to address rental issues, the data is prices being asked in a free
    market - do any of those that have posted in this thread believe the >government should have intervened to affect the offered prices? - and
    if so, what do they believe should have been done?

    It is not what the Government can do 'to affect the offered prices'.
    It is about what the Government has done to indirectly drive down the
    supply of long-term rental housing. Making interest paid a
    non-deductible expense comes to mind but so does further limiting the
    right of property owners to choose and evict tenants.

    Because of this and with the return of tourism, many property owners
    in major cities in NZ will surely be considering converting their
    long-term rentals (for NZ residents) to short-term (for tourists).


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JohnO@21:1/5 to Crash on Wed Jul 26 15:25:12 2023
    On Thursday, 27 July 2023 at 09:46:58 UTC+12, Crash wrote:
    On Wed, 26 Jul 2023 18:16:32 +1200, Rich80105 <Rich...@hotmail.com>
    wrote:
    On 26 Jul 2023 04:27:01 GMT, Gordon <Gor...@leaf.net.nz> wrote:

    On 2023-07-26, Tony <lizan...@orcon.net.nz> wrote:
    JohnO <john...@gmail.com> wrote: >>>>https://www.newshub.co.nz/home/money/2023/07/trade-me-data-kiwi-renters-paying-2600-more-a-year-than-last-year.html

    The NZ working poor - shafted good and hard by two terms of Labour >>>>incompetence.
    JohnO not just incompetence, a poltical imperative to remove freedomj of speech
    and to remove freedom to enjoy democratic process.

    Let us include the radio silence on the excess death rates which are still >>ongoing.

    If it is excess deaths from Covid that are being referred to, radio
    may not be the easiest way of seeing the latest information.

    For a comparison with other countries, see: >https://ourworldindata.org/grapher/excess-deaths-cumulative-per-100k-economist?tab=chart&country=USA~AUS~GBR~SWE~FRA~NZL

    Essentially, the higher the line the more excess deaths - the chart
    gives the cumulative number of excess deaths per 100, 000 population.

    New Zealand experience over the whole period is around 12 excess
    deaths per 100,000 population - for the United States their cumulative >experience is around 400 per 100,000 population; Australia around 120
    per 100,000.

    But to address rental issues, the data is prices being asked in a free >market - do any of those that have posted in this thread believe the >government should have intervened to affect the offered prices? - and
    if so, what do they believe should have been done?
    It is not what the Government can do 'to affect the offered prices'.
    It is about what the Government has done to indirectly drive down the
    supply of long-term rental housing. Making interest paid a
    non-deductible expense comes to mind but so does further limiting the
    right of property owners to choose and evict tenants.

    Because of this and with the return of tourism, many property owners
    in major cities in NZ will surely be considering converting their
    long-term rentals (for NZ residents) to short-term (for tourists).


    --
    Crash McBash

    The government's insane borrow and spend COVID profligacy has led to high inflation and high interest rates. These are major causes of rent increases, along with the drop in supply and increase in compliance cost. Labour and the Greens have aggressively
    chased landlords away. What on earth did they think the consequences to rental supply would be? Idiots.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)