Hard News by Russell Brown

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Hard News: The uncooling of the inner West

220 Responses

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  • nzlemming, in reply to Rich of Observationz,

    Laundry. Das Trinkenmauer runs down Webb and Buckle Streets.

    Oh, really? I didn't realize the demarcation was that far out.

    Waikanae • Since Nov 2006 • 2933 posts Report Reply

  • Jack Harrison, in reply to Amanda Wreckonwith,

    Auckland would be fucked without a University. Surely the city deserves some dignities.

    wellington • Since Aug 2014 • 296 posts Report Reply

  • nzlemming, in reply to Amanda Wreckonwith,

    That and on occasion, ill gotten gains…

    Why don't you take your barely-coded "Yellow Peril" racism and peddle it on Slater's site?

    Waikanae • Since Nov 2006 • 2933 posts Report Reply

  • Amanda Wreckonwith, in reply to Sofie Bribiesca,

    It will be interesting to see whether the anti-corruption drive by Beijing will have any effects in NZ.
    I was told yesterday that a friend was talking to a retailer of luxury watches in Singapore, who was complaining that their sales were 60% down on the year (entirely due to the loss of Chinese buyers).
    I wonder if anyone based in China has any similar reports?

    Since Sep 2012 • 171 posts Report Reply

  • Jack Harrison, in reply to nzlemming,

    A population of a billion people who are through , excellent economics are in a position to take very reasonable stakes in our little open capitalist market.

    It’s not yellow peril, it’s just an awakening to the financial power of that region. Thank American bankers for screwing their money supply. The global economic crisis was a western collapse and a pathetic recovery fueled by an inability to get the rich to release/trickle down funds after a record 9 years of gdp growth. It’s economics. Shit, if I was a capitalised Chinese investor we look like sweet tomatoes. Also China has a massive economic advantage, no Labour Party

    wellington • Since Aug 2014 • 296 posts Report Reply

  • Amanda Wreckonwith, in reply to Jack Harrison,

    Auckland would be fucked without a University

    Probably. That would be the general consensus no doubt. Is it worth a try though? Could social engineering be easier than civil engineering?

    Since Sep 2012 • 171 posts Report Reply

  • Jack Harrison, in reply to Amanda Wreckonwith,

    You can't engineer society because we are still discovering it. We need to accept the revelation of ourselves first.

    Civil engineering is just maths and known science. Actually it's ace. We are clever homo sapiens.

    wellington • Since Aug 2014 • 296 posts Report Reply

  • Amanda Wreckonwith, in reply to nzlemming,

    Why don’t you take your barely-coded “Yellow Peril” racism and peddle it on Slater’s site?

    Well there was a qualifier in that sentence. Just as there would be if I applied it to the current residents of the suburb who, as Sofie pointed out, may be equally guilty of 'bending the rules' (and yes I do take a dim view on tax 'minimisation' by those fortunate enough to have creative accountants).
    If shouting out 'racist' gets you off then you go for it. With gusto.

    Since Sep 2012 • 171 posts Report Reply

  • Amanda Wreckonwith, in reply to Jack Harrison,

    You can’t engineer society because we are still discovering it.

    Come on Jack - a while ago you were proposing centrally planned social engineering on a massive scale with your plans to push people into high rises to be built in Epsom at your decree... Nicolae Ceaușescu is not your friend.

    Since Sep 2012 • 171 posts Report Reply

  • Jim Cathcart, in reply to Amanda Wreckonwith,

    t will be interesting to see whether the anti-corruption drive by Beijing will have any effects in NZ.
    I was told yesterday that a friend was talking to a retailer of luxury watches in Singapore, who was complaining that their sales were 60% down on the year (entirely due to the loss of Chinese buyers).
    I wonder if anyone based in China has any similar reports?

    I'm based in Saigon and being closely connected to the China market, I can tell you that Unilever's sales are down 20% in Q3, but I believe luxury brands are fairing OK. Vietnam is on a par with China with flat-out corruption (possibly worse) and Bentley sales (a favorite of governmental thieves) are thin on the ground.

    Since Nov 2006 • 228 posts Report Reply

  • Jack Harrison, in reply to Amanda Wreckonwith,

    The accumulation of populace is real. Find them good houses.Stop being silly & please address the realities of the problem.

    That’s my good conservatism speaking. Don’t get bit in the arse.Like many Auckland civic issues it’s not so much as a debate anymore but a reality. Address Auckland 2014 please.

    wellington • Since Aug 2014 • 296 posts Report Reply

  • Jim Cathcart,

    Just as there would be if I applied it to the current residents of the suburb who, as Sofie pointed out, may be equally guilty of 'bending the rules' (and yes I do take a dim view on tax 'minimisation' by those fortunate enough to have creative accountants).

    Well, you probably need to appreciate that negative gearing doesn't require that much creativity and it's mot definitely not reserved for the upper-income earners. It's definitely of more benefit to the mid-income earners who are close to or have paid off the family home and want to build their property investment empire.

    Since Nov 2006 • 228 posts Report Reply

  • Amanda Wreckonwith, in reply to Jim Cathcart,

    I can tell you that Unilever’s sales are down 20% in Q3,

    So much for cleaning up corruption then ;-)

    Since Sep 2012 • 171 posts Report Reply

  • Amanda Wreckonwith, in reply to Jim Cathcart,

    Well, you probably need to appreciate that negative gearing doesn’t require that much creativity and it’s mot definitely not reserved for the upper-income earners. It’s definitely of more benefit to the mid-income earners who are close to or have paid off the family home and want to build their property investment empire.

    Oh those ill gotten gains - lets tax them. Capital idea old chap.

    Since Sep 2012 • 171 posts Report Reply

  • Jim Cathcart, in reply to Amanda Wreckonwith,

    No capital gains tax is not tax minimization. However, it would be good to see people who build new houses to not have to pay capital gains considering the upfront development costs that Auckland City Council reams them for. As for those who have purchased existing homes, capital gains taxes should be imposed considering that the owners have sat back and benefited from a system that obstructs a minimum cost opportunity for accommodation.

    Since Nov 2006 • 228 posts Report Reply

  • Amanda Wreckonwith, in reply to Jim Cathcart,

    However, it would be good to see people who build new houses to not have to pay capital gains considering the upfront development costs that Auckland City Council reams them for.

    That hardly seems a coherent tax policy - central government lets people off a tax because local government imposes costs on them? Sounds like more manipulation to me.
    If you don't like capital gains tax then just say so - there are more valid reasons than the ones you give.
    Not that I agree with them ;-)

    Since Sep 2012 • 171 posts Report Reply

  • Amanda Wreckonwith, in reply to Jack Harrison,

    Address Auckland 2014 please.

    Likely to be somewhere around Howick or Cockle Bay. Need more detail to be sure.

    Since Sep 2012 • 171 posts Report Reply

  • Jim Cathcart, in reply to Amanda Wreckonwith,

    That hardly seems a coherent tax policy – central government lets people off a tax because local government imposes costs on them? Sounds like more manipulation to me.
    If you don’t like capital gains tax then just say so – there are more valid reasons than the ones you give.
    Not that I agree with them ;-)

    No, I'm suggesting that why should old-timers and existing house purchasers get off scot free when those who actually produce something have to pay. Surely incentives should come in the form of tax deductions. People who invest in or buy existing homes are in a much better position. I'm not against capital gains tax if it applies to people sitting on fat capital gains just because they were in the position to purchase before others were able to or before they were born.

    Since Nov 2006 • 228 posts Report Reply

  • Jack Harrison, in reply to Amanda Wreckonwith,

    That's nice, the sea views are an amazing beauty of Auckland.

    wellington • Since Aug 2014 • 296 posts Report Reply

  • Shulgin,

    mmm,,,can't see the sea from my ranui camp site...no blue here...just cramped..keep selling second hand property and old lead paint... to each other..and ramping up the tax free gains...try renting a house in auckland.... when you have a dog....I was just thinking capitalism should be a compulsory subject in schools...rolls about the cabin floor...as the titanic sinks...okay children we are moving west...wtf is this shit...christ i crawled out the christchurch swamp..find myself in somekinda hell hole..reference to the flaming lips...kinda cool music current events blog theng...and geographical location...ah ya'all voted blue anyways....

    NZ • Since May 2011 • 125 posts Report Reply

  • Simon Lyall, in reply to Jack Harrison,

    That’s my good conservatism speaking. Don’t get bit in the arse.Like many Auckland civic issues it’s not so much as a debate anymore but a reality. Address Auckland 2014 please.

    The answer is build, build, build. Increase supply and the people will have options at prices they can afford.

    Personally I hope that a lot of what is built will be townhouses and apartments in the inner suburbs close to good transport. Any train station of major bus routes (espicially the "villages" on Mt Eden Rd, Dominion road, Sandringham Road, Gt North Rd) should NOT be surrounded by single-story villas.

    and a little bone for you boomers. Remember that if you allow smaller appartments and units in your area, when you get too old to look after your $2m villa you'll be able to downsize and still live neaby.

    Auckland • Since Feb 2007 • 58 posts Report Reply

  • Russell Brown, in reply to Yamis,

    That’ll learn me for reading a post and then replying to it and not reading the post underneath which basically answers it, and makes similar points, though more succinctly :) haha

    It was interesting, though -- especially the rail part.

    Auckland • Since Nov 2006 • 22830 posts Report Reply

  • Jeffrey Busbridge, in reply to Glenn Pearce,

    From my experience this is what is happening. Myself and a lot of people I know who flatted in Grey Lynn or Ponsonby in the 90's have gone on to be successful enough to now buy in the area.

    Westmere Auckland • Since Oct 2014 • 1 posts Report Reply

  • Steve Barnes, in reply to Jeffrey Busbridge,

    Myself and a lot of people I know who flatted in Grey Lynn or Ponsonby in the 90's have gone on to be successful enough to now buy in the area.

    Define success....
    If success is an overpriced house in an under resourced city with a growing underclass then I guess you and yours have hit the big time. But if you believe, as I do, that success is not a personal achievement but a social one then the wealth you have accumulated is actually something to feel a little guilty about. Every dollar you have is a dollar a child could be fed and clothed with and somewhere a little girl, or boy, waits......

    Peria • Since Dec 2006 • 5521 posts Report Reply

  • steven crawford,

    Mangere Bridge is set to be the next Ponsonby. It has the potential to have a rail service to town and is a stoned throw up from the Airport.

    It would be irresponsible to not notice the geographic differences. Mangere has good horticultural dirt.

    Atlantis • Since Nov 2006 • 4411 posts Report Reply

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