Lizard
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Post by Lizard on Feb 2, 2022 10:41:12 GMT
I'd say the NZ housing market is probably worse than Australia. The average house price is now over a million dollars which is about £490 - £500,000. And if you wanted to live in Auckland or Wellington your probably looking at $1.5m for a nice place. It's absolutely absurd. Don't you earn a lot more in NZ though? Like 3 x times the wage compared to UK. i.e. a policeman on £35K in the UK would be on $105K in NZ? Fuck no! And the cost of living is considerably higher. I live in Wellington and earn a 'comfortable' income - the sort of income that should get me on the property ladder. No fucking chance at the moment, certainly not in Welly. |
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Lizard
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Post by Lizard on Feb 2, 2022 10:43:28 GMT
I thought New Zealand was supposed to have some of the least affordable, shittest quality housing in the developed world? If you're buying a relatively new house it should be decent quality. The shitboxes tend to be rentals maintained by the huge slumlord class that has arisen. |
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anephric
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Post by anephric on Feb 2, 2022 11:51:50 GMT
Isn't the NZ economy basically just based on housing now, with a bit of sheep farming added on? That's fairly alarming.
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Post by Bill in the rain on Feb 3, 2022 3:42:27 GMT
Isn't the UK economy basically based on housing now?
It's weird trying to compare prices, cos some things are much more expensive here (29p for 500g pasta!! Here it's about 2 quid) but others like energy seem much cheaper.
House prices are cheaper, but rising rapidly.
But national health insurance is way too expensive.
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Lizard
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Post by Lizard on Feb 3, 2022 5:03:05 GMT
Isn't the NZ economy basically just based on housing now, with a bit of sheep farming added on? That's fairly alarming. Not quite that bad. Because agriculture is still so important land prices play as part as well as housing. And NZ makes piles of cash exporting dairy products, mainly to China, as well as meat, timber etc. Tourism was big as well, but obviously that's a bit fucked ATM. The housing problem is invidious, though. A classic balancing act of trying not to tank the market and fuck the over-leveraged investors and first-home buyers, but also making sure that progress is made before renters like me get so fed up that we crack out the billhooks and start the party. Unemployment is at a record low which is probably exacerbating inflation. It'll be interesting to see what happens when (if) COVID finally dissipates and all the Kiwis (over 250000 IIRC) that moved back home in the last couple of years get fed up and move back overseas |
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geefe
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Post by geefe on Feb 3, 2022 9:28:23 GMT
Totally forgot today we're also seeing interest rate rise. Spoke to my adviser the other week and he said it's not that big a worry but fuck me, April is going to be an absolute bloodbath for a lot of people.
50% energy price increase (+ around another 40% in October)
NI rate rise
Interest rates
And it's not like the govt are trying to curtail spending to halt inflation because inflation is due to standard household goods.
Recession by the end of the year?
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geefe
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Post by geefe on Feb 3, 2022 11:18:55 GMT
FIFTY FOUR PERCENT?!
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Post by brokenkey on Feb 3, 2022 11:30:48 GMT
The govt will fix things by lending the energy companies money, so that they can discount our bills by £200. We'll have to pay that money back, with interest in future years, via our energy bills.
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dogbot
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Post by dogbot on Feb 3, 2022 11:33:10 GMT
Knowing this government, the energy companies will trouser that and nothing will happen.
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X201
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Post by X201 on Feb 3, 2022 11:45:00 GMT
The govt will fix things by lending the energy companies money, so that they can discount our bills by £200. We'll have to pay that money back, with interest in future years, via our energy bills. "Consumers will receive a £200 discount on their electricity bills from October and this will automatically be repaid in equal £40 instalments over the next five years."
Does he mean October 2021 or 2022?
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Post by elstoof on Feb 3, 2022 11:48:50 GMT
Excited to see what bonuses the top talent at energy companies get this year
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Post by Reviewer on Feb 3, 2022 11:51:01 GMT
Wouldn’t a slight tax reduction be easier to implement than rebates etc?
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geefe
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Post by geefe on Feb 3, 2022 11:53:23 GMT
Oh it's a fucking con. Seen the bloke from Octopus doing the rounds. He seems just about alright but I've no doubt the rest are absolute cunts.
2022 is shaping up to be fucking shit.
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Post by brokenkey on Feb 3, 2022 12:03:32 GMT
Wouldn’t a slight tax reduction be easier to implement than rebates etc? But it would have to be offer by a tax increase in future years. Not very voter friendly. Whereas Buy Now Pay Later is all the rage. |
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dogbot
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Post by dogbot on Feb 3, 2022 12:08:07 GMT
BoE responds by raising interest rates again, 0.25% to 0.5%.
Hope no one is on a tracker mortgage.
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Post by Reviewer on Feb 3, 2022 12:26:37 GMT
It does look like the rebate thing is from the upcoming October, so no use to most that have no money.
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Post by alcachofa on Feb 3, 2022 12:38:03 GMT
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Post by brokenkey on Feb 3, 2022 12:39:00 GMT
The thing about the rebate-loan thing is that the only way it becomes manageable to enforce repayment, is to levy the charge on the house rather than the individual who pays the bill.
So if you're old and die in the next 4 years you dodge the bill
If you're young and move into your own place for the first time, you'll be charged, even though you didn't have the benefit of the discount in the first place.
It's bascially a tax, one that hits the young harder.
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knighty
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Post by knighty on Feb 3, 2022 12:55:57 GMT
How does the rebateloan work with prepayment meters out of interest? Any details?
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Post by Dougs on Feb 3, 2022 13:35:49 GMT
This most definitely hasn't been hastily thrown together.
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Post by billythekid on Feb 3, 2022 13:47:39 GMT
Just got to wait now for the letter from the council informing me of the corresponding £150 rise to the council tax.
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Post by Dougs on Feb 3, 2022 13:58:33 GMT
Ha, yeah, quite.
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X201
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Post by X201 on Feb 3, 2022 13:59:10 GMT
How does the rebateloan work with prepayment meters out of interest? Any details? You pull the lever on the side of the meter, the dials spin and you hope you get three smiling Boris faces to win the rebate |
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knighty
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Post by knighty on Feb 3, 2022 14:00:14 GMT
Sounds about right !!
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razz
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Post by razz on Feb 3, 2022 16:28:32 GMT
I'm going to have to get a fookin log burner at this rate.
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Post by snackplissken on Feb 3, 2022 16:42:52 GMT
The whole thing stinks. We moved into this property 4 months ago and accepted £55 a month on gas/electric (I've bumped it up to £70 for the winter). Now we're out of contract in March and they are saying based on your consumption it's now £230! They don't have enough data to assume we'd use that amount for the entire year, so they are using the previous tenant who had 3 kids..
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Post by imamazed on Feb 3, 2022 16:53:03 GMT
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razz
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Post by razz on Feb 3, 2022 17:19:49 GMT
Oh no,  I love the smell of log burners walking around town at night as well. Never knew they were killing me lol |
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H-alphaFox
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Post by H-alphaFox on Feb 3, 2022 17:24:16 GMT
I wouldn't be without ours if I'm honest, nothing like a nice fire.
Beats the reverse cycle that's for sure.
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TheSaint
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Post by TheSaint on Feb 3, 2022 17:28:40 GMT
The Guardian can't get enough of articles bashing wood burners. If you have a decent burner and good quality fuel then I don't think it's much of a problem. |
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I love the smell of log burners walking around town at night as well. Never knew they were killing me lol