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		<title>Public Address | Cafe | Hard News: The Boom Crash</title>
		<link>https://publicaddress.net/system/cafe/</link>
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		<description><![CDATA[A talking shop where we put the questions and our community illuminates the issues.]]></description>
			<language>en-us</language>
			<copyright>Copyright (c) 2026 Public Address</copyright>
			

		
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331638#post331638</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331638#post331638</guid>
				<description><![CDATA[
						<p><q> If the Reserve Bank doesn’t take action, we may be stuck with the status quo.</q></p><p>Well both they and the government could do a lot to change things. But I don't think they will. The reasons are different, but connected. The government won't because they're inherently mean. The Reserve Bank…</p>
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				<pubDate>Fri, 14 Nov 2014 14:39:49 +1300</pubDate>
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				<title>WH</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331632#post331632</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331632#post331632</guid>
				<description><![CDATA[
						I suppose I prefer to talk about specific proposals (such as house building plans and restrictions on residential property investment) in part because it helps to avoid very personal and ultimately unresolvable differences in the way we would each characterise fairness and morality. I do think a determined Government would…
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				<pubDate>Fri, 14 Nov 2014 11:27:20 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331631#post331631</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331631#post331631</guid>
				<description><![CDATA[
						<p><q> Our political parties have had more than a decade to get their heads around the issues yet not a lot seems to have happened.</q></p><p>Well to be fair, they are extremely complex issues. I wouldn't expect our political parties to have got their heads around dark matter either. But at…</p>
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				<pubDate>Fri, 14 Nov 2014 09:43:36 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331620#post331620</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331620#post331620</guid>
				<description><![CDATA[
						I hear you Jack.
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				<pubDate>Thu, 13 Nov 2014 19:17:34 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331619#post331619</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331619#post331619</guid>
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						<p>Oysters would disagree. </p><p>Having a ruling body that can handle poverty without judging the fuck out of the isolated participants of that class is what I want to make.</p>
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				<pubDate>Thu, 13 Nov 2014 18:50:00 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331618#post331618</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331618#post331618</guid>
				<description><![CDATA[
						The world is your Oyster. Be it what you make. :)
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				<pubDate>Thu, 13 Nov 2014 18:40:38 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331617#post331617</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331617#post331617</guid>
				<description><![CDATA[
						I hope you are happy Sofie, that's the pursuit. Of course you may just have a great fortune there  in your social mobility.
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				<pubDate>Thu, 13 Nov 2014 16:47:48 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331616#post331616</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331616#post331616</guid>
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						<p><q>For some citizens it is going to cost a social fortune to retire Auckland.</q></p><p>For me ,it's 4 hours to get back to friends and family so I'll drive when needed but the reality is for us ,that in a couple of years we have made many new friends and…</p>
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				<pubDate>Thu, 13 Nov 2014 16:42:32 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331615#post331615</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331615#post331615</guid>
				<description><![CDATA[
						For some citizens it is going to cost a social fortune to retire Auckland. Families and friend networks are huge in that city. Very strong for the poorer Aucklander. That's their big part of their quality of life, not annual trips to Europe and school holiday ski vacations. Auckland is…
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				<pubDate>Thu, 13 Nov 2014 15:35:52 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331614#post331614</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331614#post331614</guid>
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						<p><q> so you’re retiring to the north?</q></p><p>Yes indeed. Always wanted to by 50. Guess 51 is ok. i now have time to be a bit more creative.</p>
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				<pubDate>Thu, 13 Nov 2014 15:17:43 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331613#post331613</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331613#post331613</guid>
				<description><![CDATA[
						The rail system is radial whereas Punt road is 'cross city' &ndash; there is no parallel line as such, but buses ply the route ....  buses are seen as very much so the poor cousin in Melbourne, and after catching them daily in Sydney for years I found it was…
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				<pubDate>Thu, 13 Nov 2014 13:14:49 +1300</pubDate>
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				<title>Rich of Observationz</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331612#post331612</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331612#post331612</guid>
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						What's wrong with the regular rail service that runs next to that impassible road?
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				<pubDate>Thu, 13 Nov 2014 13:04:14 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331611#post331611</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331611#post331611</guid>
				<description><![CDATA[
						<p>Bit of a tangent, but on the sort of scenario which Auckland might want to avoid, lo and behold an excellent piece on Melbourne's Punt Road &amp; its terrible traffic, prompted by the author being stuck in gridlock at 11 pm one night:</p><p>__"Punt Road's calcification has rendered families strangers to…</p>
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				<pubDate>Thu, 13 Nov 2014 12:55:21 +1300</pubDate>
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				<title>WH</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331609#post331609</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331609#post331609</guid>
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						<p><q>I just hope he doesn't get the Adam Feeley treatment.</q></p><p>My guess would be that it won't be a universally popular suggestion.</p>
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				<pubDate>Thu, 13 Nov 2014 11:53:25 +1300</pubDate>
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				<title>Kumara Republic</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331608#post331608</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331608#post331608</guid>
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						<p><q>The Governor’s acknowledgement that residential property investment is a problem that may require formal intervention is an important reference point for anyone trying to make a case for wider reform.</q></p><p>I just hope he doesn't get the Adam Feeley treatment.</p>
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				<pubDate>Thu, 13 Nov 2014 11:32:01 +1300</pubDate>
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				<title>WH</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331606#post331606</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331606#post331606</guid>
				<description><![CDATA[
						I take your point about the vagueness of the discussion, but the Reserve Bank is the institution most likely to act in respect of house prices while National is in government. The Governor's acknowledgement that residential property investment is a problem that may require formal intervention is an important reference…
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				<pubDate>Thu, 13 Nov 2014 10:55:00 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331600#post331600</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331600#post331600</guid>
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						<p><q>As soon as you tell someone you sold the house they all start saying ,you could have got more than that now, meaning this week.</q></p><p>Yeah, never look at the prices just after you buy or sell. What's the point? And I'm sure the money will be nice to have…</p>
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				<pubDate>Thu, 13 Nov 2014 10:16:35 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331598#post331598</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331598#post331598</guid>
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						<p><q> How many more decades will this Deep Thought go for?</q></p><p>He's only thinking "quite" deeply so it could all be over by lunchtime. ;)<br />As soon as you tell someone you sold the house they all start saying ,you could have got more than that now, meaning this week. Thing…</p>
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				<pubDate>Thu, 13 Nov 2014 10:03:37 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331597#post331597</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331597#post331597</guid>
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						<p><q> As Graeme Wheeler implies in the article, discouraging residential property investment may be an important part of the solution to the housing crisis.</q></p><p>Pity he won't give even a hint of what he thinks ought to be done. That would be committing to something and soothsayers are very careful about…</p>
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				<pubDate>Thu, 13 Nov 2014 09:37:03 +1300</pubDate>
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				<title>WH</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331596#post331596</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331596#post331596</guid>
				<description><![CDATA[
						The Reserve Bank has been talking about the <a href="http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&amp;objectid=11357229" target="_blank" rel="noopener noreferrer">need to change the structure of the housing market</a> for at least fifteen years.  As Graeme Wheeler implies in the article, discouraging residential property investment may be an important part of the solution to the housing crisis. Phil Twyford says that 45% of…
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				<pubDate>Thu, 13 Nov 2014 04:55:46 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331595#post331595</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331595#post331595</guid>
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						<p><q> Money is essentially printed into existence by a borrower’s future income and repayments, not by an equivalent deposit within the financial system.</q></p><p>Yup. </p><p><q>It is indeed time to change the housing market, to create and provide affordable rental and owned homes, so that more investment goes into other activities, that…</q></p>
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				<pubDate>Wed, 12 Nov 2014 23:40:58 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331591#post331591</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331591#post331591</guid>
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						<p><q> However, your narrative is based on an assumption of property price inflation every 10 years. Why has that not happened in the case of Japan considering the country’s productivity and “developed nation” status?</q></p><p>Don't know. They operate in a very different way. It's quite a different economy. How do you…</p>
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				<pubDate>Wed, 12 Nov 2014 22:53:24 +1300</pubDate>
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				<title>Joe Wylie</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331589#post331589</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331589#post331589</guid>
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						<p><q>the amount of residential land owned by them is huge too.</q></p><p>Commercial properties too. You might recall a certain church missionary organisation suffering a brief embarrassment a couple of decades ago when The Pink Pussycat in K Road's landlady passed on and left them the property in her will.</p>
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				<pubDate>Wed, 12 Nov 2014 20:19:44 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331588#post331588</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331588#post331588</guid>
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						the amount of residential land owned by them is huge too.
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				<pubDate>Wed, 12 Nov 2014 19:50:34 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331587#post331587</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331587#post331587</guid>
				<description><![CDATA[
						Churches need to realise that they are worshiping the same god and learn to pray together. The amount of land occupied by churches in Auckland would piss Jesus off.  Too p.c to mention in politics I know.
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				<pubDate>Wed, 12 Nov 2014 19:26:15 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331586#post331586</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331586#post331586</guid>
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						<q>That may be behind some media stories about old dumps being bought in some parts of Auckland for over a million or even millions of dollars. The buyers, likely developers, may be more after the scarce land, and have no intention of using the structures on it, as they will…</q>
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				<pubDate>Wed, 12 Nov 2014 19:17:39 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331585#post331585</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331585#post331585</guid>
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						<p><q>Council already made amendments after looking at earlier feedback</q></p><p>Unfortunately by weakening intensification. Still, guess that may get reversed in some areas in this round of feedback.</p>
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				<pubDate>Wed, 12 Nov 2014 19:16:10 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331584#post331584</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331584#post331584</guid>
				<description><![CDATA[
						This is going to be hammered out in more detail next year, I understand, when zoning and so may be part of the hearings for the AUP. That is where residents, property owners, community groups, Council and developers will have input, and afterwards it will become clearer, what changes may…
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				<pubDate>Wed, 12 Nov 2014 19:14:21 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331583#post331583</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331583#post331583</guid>
				<description><![CDATA[
						There does seem to be a need for more granular planning of which areas are prepared for intensification over each decade, rather than the current 30-year Plan that treats them as if it's all at once (encouraging landbanking, etc).
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				<pubDate>Wed, 12 Nov 2014 19:07:00 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331582#post331582</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331582#post331582</guid>
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						<p><q>The extra million bit is based on a high projection by Statistics NZ</q></p><p>It has been less than the actual growth path over the last decade or two. Former govt statistician Len Cook gave an illuminating presentation on this last year &ndash; which is where I first heard the split…</p>
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				<pubDate>Wed, 12 Nov 2014 19:02:58 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331581#post331581</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331581#post331581</guid>
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						The extra million bit is based on a high projection by Statistics NZ, which is not a projection used by CCO Watercare and others for future growth. It seems from the Auckland Plan, which is the plan the Unitary Plan has to comply with (besides of the RMA and so),…
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				<pubDate>Wed, 12 Nov 2014 18:59:50 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331580#post331580</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331580#post331580</guid>
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						<p><q>the submissions made on the Auckland Unitary Plan, and I mean those by individuals or residents groups, are in their vast majority against intensification.</q></p><p>True for the wealthy coastal areas highlighted in the first map in <a href="http://transportblog.co.nz/2014/11/11/new-auckland-valuation-maps/" target="_blank" rel="noopener noreferrer">this Transportblog post</a>. Those are the whinging fogies who got so much publicity during…</p>
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				<pubDate>Wed, 12 Nov 2014 18:49:09 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331579#post331579</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331579#post331579</guid>
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						<p>A link to the Metro piece, 'A dream for St Heliers' mentioned above (from a couple of years back):</p><p><a href="http://metromag.co.nz/current-affairs/unitary-plan-battle-city-we-deserve/" target="_blank" rel="noopener noreferrer">http://metromag.co.nz/current-affairs/unitary-plan-battle-city-we-deserve/</a></p>
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				<pubDate>Wed, 12 Nov 2014 18:35:42 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331578#post331578</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331578#post331578</guid>
				<description><![CDATA[
						Of course, that is the idea of creating credit, to generate economic activity that pays for itself as it goes, with interest to repay and serve the created “money”, associated costs and profits. This bears risks that can be managed, but it also applies pressures for the borrowers and investors…
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				<pubDate>Wed, 12 Nov 2014 18:31:33 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331577#post331577</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331577#post331577</guid>
				<description><![CDATA[
						<p>Housing is now a utility. We need well-housed citizenry. It needs to be removed as an investment tool and it needs to be recognised as a major  asset for a modern city.  </p><p>Auckland is no longer Dorkland. Auckland is 170 years of beauty and heartbreak. Auckland is the home to…</p>
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				<pubDate>Wed, 12 Nov 2014 18:07:53 +1300</pubDate>
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				<title>Rob Stowell</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331576#post331576</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331576#post331576</guid>
				<description><![CDATA[
						<p><q>It may actually make sense for us to cash up and leave Auckland</q><br />Numbers of 'nearing retirement' Aucklanders have been doing this in Kerikeri and other parts of northland. Even in Keri, one of the better-off parts, house prices haven't really bounced back yet.<br />And Northland can be a fine…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 18:00:38 +1300</pubDate>
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				<title>Jim Cathcart</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331575#post331575</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331575#post331575</guid>
				<description><![CDATA[
						Where does the money come from? It's important to remember that on basic accounting theory, debt is an asset on the other side of the ledger. To really understand where the money comes from, start looking at the capital ratios of banks relative to mortgage debt (approx 10% in the…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 17:54:37 +1300</pubDate>
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				<title>Jim Cathcart</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331574#post331574</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331574#post331574</guid>
				<description><![CDATA[
						Nice train of thought Ben. However, your narrative is based on an assumption of property price inflation every 10 years. Why has that not happened in the case of Japan considering the country's productivity and "developed nation" status? Is this asset price inflation assumption only assigned to liberal democracies who…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 17:50:30 +1300</pubDate>
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				<title>Hebe</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331573#post331573</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331573#post331573</guid>
				<description><![CDATA[
						<p><q>No, no, no, you want to encourage people to go south, otherwise Northland will fill up with economic refugees from Auckland and all that goodness you talk about will be gone. Then where are you going to go?</q></p><p>Oh no, you definitely don’t want to come south. No, no, no.…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 16:57:49 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331560#post331560</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331560#post331560</guid>
				<description><![CDATA[
						<p>While you are right that some intensification is needed, and overdue, I fear that the submissions made on the Auckland Unitary Plan, and I mean those by individuals or residents groups, are in their vast majority against intensification. Most Aucklanders still resist intensification, at least in their own backyard. </p><p>But…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 13:35:16 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331559#post331559</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331559#post331559</guid>
				<description><![CDATA[
						Yes, where do those “dollares” come from? Most is borrowed, and as New Zealanders as a whole have got so used to simply use their credit cards, to get extra loans and mortgages offered by banks, they simply “bank” on a future, which they cannot see, due to financial, economic…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 13:23:45 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331558#post331558</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331558#post331558</guid>
				<description><![CDATA[
						<p>Seems we're in agreement.</p><p><q>using public transport to get between them</q></p><p>which requires denser populations to make viable &ndash; hence won't happen while we still prioritise fringe single-level sprawl like Flat Bush. Property developers and construction companies need to get less lazy about how they make their money. And regulators…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 13:17:33 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331557#post331557</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331557#post331557</guid>
				<description><![CDATA[
						<p><q>the ‘family contribution’ isn’t available for everyone</q></p><p>a handy class proxy, if anything</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 13:14:12 +1300</pubDate>
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				<title>Aotearoan</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331556#post331556</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331556#post331556</guid>
				<description><![CDATA[
						<p>No, no, no, you want to encourage people to go south, otherwise Northland will fill up with economic refugees from Auckland and all that goodness you talk about will be gone. Then where are you going to go?</p><p>Loathe as I am to overpopulate our beautiful beaches, there are pragmatic…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 13:06:33 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331554#post331554</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331554#post331554</guid>
				<description><![CDATA[
						Lots of good points, and yes you are right the 'family contribution' isn't available for everyone ... its also worth noting that there is an element of false economy to AKL prices, in that existing owners are only in a position to benefit from recent capital gains if they relocate…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 12:39:46 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331553#post331553</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331553#post331553</guid>
				<description><![CDATA[
						I meant 'lives' in more of a community or lifestyle sense, which are not entirely dependent on cars ... its difficult to articulate in a few brief words, but perhaps you recall that metro article/feature from a few years ago where the author basically described one vision for Auckland which…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 12:26:56 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331552#post331552</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331552#post331552</guid>
				<description><![CDATA[
						<p>Your story is not just about young adults now. It's the story of my life. The difference is just that it's much worse now, even more starkly clear what's going on.</p><p><q>There are a couple of things which perplex me about Auckland prices, including where on earth folks get the…</q></p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 12:26:23 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331551#post331551</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331551#post331551</guid>
				<description><![CDATA[
						<p><q>the sort of lives that Auckland’s citizens want to lead</q></p><p>In well-located apartments and other denser dwelling types, you mean? Plenty of sprawling suburban houses already.</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 12:11:01 +1300</pubDate>
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				<title>bob daktari</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331550#post331550</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331550#post331550</guid>
				<description><![CDATA[
						<p><q>including where on earth folks get the $ from</q></p><p>families I would wager are a big part of enabling those with hefty loans and entry level wages to either borrow, or I know a few whose families are collectively building housing portfolios which means the younger members aren't individually required…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 11:39:24 +1300</pubDate>
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				<title>Chris Waugh</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331549#post331549</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331549#post331549</guid>
				<description><![CDATA[
						<p><q>Go North, people</q></p><p>No, no, no, you want to encourage people to go south, otherwise Northland will fill up with economic refugees from Auckland and all that goodness you talk about will be gone. Then where are you going to go?</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 11:30:51 +1300</pubDate>
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				<title>Aotearoan</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331548#post331548</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331548#post331548</guid>
				<description><![CDATA[
						<p>Go North, people. Good people and communities, beaches, kai moana.<br />I have watched our QV's decline by 20%  over the last  3 years (but not the rates, alas).<br />You can still buy a piece of land and a house for under 200K in some places, or a church for $105K…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 11:23:24 +1300</pubDate>
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				<title>Hugh Wilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331547#post331547</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331547#post331547</guid>
				<description><![CDATA[
						Like some others I watch Auckland’s property market developments from afar, but not that afar, Melbourne.  There are a couple of things which perplex me about Auckland prices, including where on earth folks get the $ from. Russell’s opening observation about what is in store for future generations is spot…
					]]></description>
				<pubDate>Wed, 12 Nov 2014 11:10:00 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331545#post331545</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331545#post331545</guid>
				<description><![CDATA[
						<p><q>Happen somewhere in Auckland, that is. </q></p><p>Heh, moving to the Far North has so many benefits :)</p>
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				<pubDate>Wed, 12 Nov 2014 10:36:33 +1300</pubDate>
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			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331542#post331542</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331542#post331542</guid>
				<description><![CDATA[
						<p>Decent volcanoes are a lot rarer than earthquakes. But they're probably a lot more destructive. If you got one the size of even the smaller cones in the Auckland region popping up in the CBD, there isn't going to be any rebuild.</p><p>We get about one per thousand years, so…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 10:11:38 +1300</pubDate>
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			<item>
				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331541#post331541</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331541#post331541</guid>
				<description><![CDATA[
						<p><q>That’s what Christchurch thought</q></p><p>Actually Auckland has had a few in it's time also but Christchurch may have wanted to take note in 1869, 1870, or even 1881 when the <a href="http://en.wikipedia.org/wiki/List_of_earthquakes_in_New_Zealand" target="_blank" rel="noopener noreferrer">Cathedral got damaged.</a> Canterbury has had it's share of earthquakes before 2010</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 09:47:28 +1300</pubDate>
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			<item>
				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331538#post331538</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331538#post331538</guid>
				<description><![CDATA[
						<q>Don’t have earthquakes yet. </q>That's what Christchurch thought. And even if you don't... volcanoes!
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				<pubDate>Wed, 12 Nov 2014 08:56:38 +1300</pubDate>
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			<item>
				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331537#post331537</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331537#post331537</guid>
				<description><![CDATA[
						<p><q>And @Sofie: Oh good God don’t.</q></p><p>I was speaking from an Auckland pov. Don't have earthquakes yet. Insurance screws you one way or another. The Council can too. Rates in the thousands and climbing for small sections with ever decreasing  amenities doesn't feel like value. As I said the family…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 04:17:27 +1300</pubDate>
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				<title>Kumara Republic</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331534#post331534</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331534#post331534</guid>
				<description><![CDATA[
						<p>If you want a good idea of how to package complex issues like CGT, the housing bubble, and the TPPA for the layperson, the Aussies seem to have one with "Roy" in a new climate change campaign.</p><p><a href="https://www.youtube.com/watch?v=oVc8p6zpyoY" target="_blank" rel="noopener noreferrer">https://www.youtube.com/watch?v=oVc8p6zpyoY</a></p><p>Such messages would probably be most effective towards the 'low-info' set. It's…</p>
					]]></description>
				<pubDate>Wed, 12 Nov 2014 00:51:38 +1300</pubDate>
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			<item>
				<title>nzlemming</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331533#post331533</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331533#post331533</guid>
				<description><![CDATA[
						Jack, are you Shulgin under another name?
					]]></description>
				<pubDate>Wed, 12 Nov 2014 00:26:47 +1300</pubDate>
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			<item>
				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331531#post331531</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331531#post331531</guid>
				<description><![CDATA[
						<p>What are you measuring against? </p><p>Micro-chip &ndash; good for light hairy-hominid, yes.  </p><p>Spekay on webbysite, ~~~si gut to understand dir.</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 23:08:05 +1300</pubDate>
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			<item>
				<title>Hebe</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331530#post331530</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331530#post331530</guid>
				<description><![CDATA[
						<p><q>The people of Christchurch who’s Red Zone payouts were based on their CV might disagree. Actually reasonably important that the CV has some resemblance to reality, esp. when they are recent CV’s.</q></p><p>And @Sofie: Oh good God don't. I know people who purposely kept their CV low over decades and…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 23:01:57 +1300</pubDate>
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			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331529#post331529</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331529#post331529</guid>
				<description><![CDATA[
						<p><q>our combined advanced academic thought of the last 10,000 years</q></p><p>From neolithic to neoliberal in only 10,000 years!</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 23:00:06 +1300</pubDate>
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			<item>
				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331526#post331526</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331526#post331526</guid>
				<description><![CDATA[
						<p>They’re all dead now Ben, this is our politics. </p><p>Happiness is the pursuit and it is the greatest pursuit.</p><p>We want to change our environment for the better and 10,000 + years of philosophy suggests that wont be achieved by having a class of poverty trapped in a low-market participation…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 22:28:33 +1300</pubDate>
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			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331525#post331525</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331525#post331525</guid>
				<description><![CDATA[
						<p><q>How long can people put up with this, I ask?</q></p><p>Well people put up with a lot worse for thousands of years. Which doesn't make it right, it's just a fact about people.</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 22:18:08 +1300</pubDate>
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			<item>
				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331524#post331524</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331524#post331524</guid>
				<description><![CDATA[
						<p>Nah, stop censoring the debate on working for the private sector as a work ethic or working for the community and nation as a whole as a work ethic. </p><p>Fuck Godwin. Western Europe can't even call 100 years on that politics yet we tut-tut about the failed societies of the…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 22:14:23 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331522#post331522</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331522#post331522</guid>
				<description><![CDATA[
						way too subtle
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:59:17 +1300</pubDate>
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			<item>
				<title>Pete</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331521#post331521</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331521#post331521</guid>
				<description><![CDATA[
						Godwin!
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:50:25 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331520#post331520</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331520#post331520</guid>
				<description><![CDATA[
						Totally agree. Bubble looks like shit from the inside. And the outside.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:38:08 +1300</pubDate>
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			<item>
				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331518#post331518</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331518#post331518</guid>
				<description><![CDATA[
						<p>The business model applied to nation building means you get to fire citizens. The unemployment rate sits like a demoralising bubble on a generation of adults who under a 3% unemployment rate would be happily engaged in the lovely money happiness hours of our daily living .   </p><p>You can’t just…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:24:54 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331517#post331517</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331517#post331517</guid>
				<description><![CDATA[
						<p><q>How long can people put up with this, I ask?</q></p><p>until they find leaders worth the name</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:03:04 +1300</pubDate>
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				<title>nzlemming</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331516#post331516</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331516#post331516</guid>
				<description><![CDATA[
						<q>Looks like what we’re almost certainly going to be doing – around Waikanae isn’t exactly hipster heaven, but a manageable place with good bones would leave us with enough that you could afford to redo a “tired” bathroom and/or kitchen and splash some paint around without taking out a second…</q>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:02:10 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331515#post331515</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331515#post331515</guid>
				<description><![CDATA[
						<q><a href="http://www.telegraph.co.uk/news/worldnews/europe/germany/11204284/Nazi-Arbeit-Macht-Frei-sign-stolen-from-gate-at-Dachau-concentration-camp.html" target="_blank" rel="noopener noreferrer">Work will set you free</a></q>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 21:01:26 +1300</pubDate>
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			<item>
				<title>nzlemming</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331514#post331514</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331514#post331514</guid>
				<description><![CDATA[
						<q>It's pre-electronic, unfortunately, but if anyone's in Auckland and wants to have a look at the University copy (or wants to do an interloan from elsewhere), it's Webb, Larisa, 1999. Living together? : change and continuity of a New Zealand intentional community. MA Thesis, University of Auckland. Library listing here.…</q>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 20:47:24 +1300</pubDate>
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				<title>Jack Harrison</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331513#post331513</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331513#post331513</guid>
				<description><![CDATA[
						<p>The problem is the National Party is soulless. </p><p> A bad trait that has manifested itself across all English-speaking Conservative Parties in the last 30 odd years. National as a governing party need a generational change and a party soul to actually bring the nation forward. No heart.</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 20:45:07 +1300</pubDate>
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			<item>
				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331510#post331510</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331510#post331510</guid>
				<description><![CDATA[
						As a matter of fact, we already have de-facto ghettos, they are simply not fenced off or otherwise called what they are, as that is not politically correct. Now we have the NZ National Party apply their version of social engineering, the trickle up method, defying all natural laws. But…
					]]></description>
				<pubDate>Tue, 11 Nov 2014 20:16:43 +1300</pubDate>
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			<item>
				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331508#post331508</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331508#post331508</guid>
				<description><![CDATA[
						<p>40 percent of home buyers in Auckland are now investors, who already have some "nest eggs":</p><p><a href="http://www.stuff.co.nz/business/money/10608219/Investors-move-in-as-first-home-buyers-fold" target="_blank" rel="noopener noreferrer">http://www.stuff.co.nz/business/money/10608219/Investors-move-in-as-first-home-buyers-fold</a></p><p>Home afford-ability is at its lowest for decades, Housing NZ stock is going to be put onto the block, and liquor firms, cash rich iwi authorities and some well financed new migrants and…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 20:06:40 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331507#post331507</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331507#post331507</guid>
				<description><![CDATA[
						<p><q>Winners are property owners, in the right spots, like Auckland, and they will keep voting in for governments keeping this whole system “working”</q></p><p>and the financial sector will oblige with reverse annuity products to let down the value of those overpriced piles until their final gasps. No worries about inheritance…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 19:54:29 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331506#post331506</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331506#post331506</guid>
				<description><![CDATA[
						<p><q>The milk solid auction prices have already dipped, or “crashed”, so when will this “boom” turn to bust, one wonders?</q></p><p>That's the 800 billion dollar question. Been waiting a long time. I think ultimately property is too big to fail. Which sounds like famous last words, but really, once it's…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 19:38:55 +1300</pubDate>
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				<title>Chrys Berryman</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331502#post331502</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331502#post331502</guid>
				<description><![CDATA[
						We moved to the Chev in 1995….we bought an old stucco house on a postage stamp for a fair price…..most of the street was state housing…the nats proceeded to sell a lot of these off in the mid to late 90s,because that is what they do ….Im really worried that…
					]]></description>
				<pubDate>Tue, 11 Nov 2014 17:48:43 +1300</pubDate>
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				<title>Marc C</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331500#post331500</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331500#post331500</guid>
				<description><![CDATA[
						Let’s not forget: This “boom” is THE GROWTH of the New Zealand economy that is supposed to be the “brighter future”. Fueled by still rather “easy money” from well resourced Australian owned banks happy to lend, many get carried away, and as news out today reported, the banks already got…
					]]></description>
				<pubDate>Tue, 11 Nov 2014 16:47:44 +1300</pubDate>
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				<title>Kath</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331495#post331495</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331495#post331495</guid>
				<description><![CDATA[
						<p>I beseech you sir, harm not yourself with your vexation; Shakespeare thought it was OK:<br />"...Puts to him all the learnings that his time <br />Could make him the receiver of..." Cymbeline (Act 1, Scene1 43/44)</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 14:30:41 +1300</pubDate>
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				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331485#post331485</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331485#post331485</guid>
				<description><![CDATA[
						Indeed. That, in combination with the fact we live in Wellington (and are therefore quake-prone) is why we challenged our last RV as too low. Yes, we pay more rates, but I consider that akin to insurance.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 13:30:34 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331483#post331483</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331483#post331483</guid>
				<description><![CDATA[
						<p><q>the insane demand-induced pricing</q></p><p>so govt says let's focus on supply! #duh</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 13:22:53 +1300</pubDate>
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				<title>Glenn Pearce</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331480#post331480</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331480#post331480</guid>
				<description><![CDATA[
						The people of Christchurch who's Red Zone payouts were based on their CV might disagree. Actually reasonably important that the CV has some resemblance to reality, esp. when they are recent CV's.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 12:59:32 +1300</pubDate>
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			<item>
				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331478#post331478</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331478#post331478</guid>
				<description><![CDATA[
						Blurgh for typos (trust me, I loathe “learnings” as much as the next writer’s daughter) and short edit windows. That was meant to say “learning”.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 12:51:52 +1300</pubDate>
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				<title>Bruce Grey</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331477#post331477</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331477#post331477</guid>
				<description><![CDATA[
						<p>"learnings" ???????</p><p><a href="http://www.dailywritingtips.com/what-the-heck-are-learnings/" target="_blank" rel="noopener noreferrer">http://www.dailywritingtips.com/what-the-heck-are-learnings/</a></p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 12:45:52 +1300</pubDate>
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			<item>
				<title>Gareth Ward</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331476#post331476</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331476#post331476</guid>
				<description><![CDATA[
						Thing is, a (presuming here) 3/4 bedroom standalone home on 630sqm ~5km from the CBD and within some-hundred-meters of quite a nice beach should be AT LEAST a $1m property in any reasonably attractive international city. It's the lack of medium density alternatives (and the insane demand-induced pricing that forces…
					]]></description>
				<pubDate>Tue, 11 Nov 2014 12:44:41 +1300</pubDate>
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			<item>
				<title>Craig Ranapia</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331472#post331472</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331472#post331472</guid>
				<description><![CDATA[
						<p><q>Oh, I love where I live. It’s just that it might make sense eventually to sell up and buy a much cheaper dwelling somewhere else and make use of our huge capital gain. But we’re not exactly your property investor types.</q></p><p>Looks like what we’re almost certainly going to be…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 12:31:00 +1300</pubDate>
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			<item>
				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331470#post331470</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331470#post331470</guid>
				<description><![CDATA[
						<p>For those interested in learnings from research on intentional communities, there's also this:<br /><a href="http://researchcommons.waikato.ac.nz/bitstream/handle/10289/5962/thesis.pdf?sequence=3" target="_blank" rel="noopener noreferrer">http://researchcommons.waikato.ac.nz/bitstream/handle/10289/5962/thesis.pdf?sequence=3</a><br />Skip to page 225 if you just want the findings. Similar stuff to what Larisa Webb found, as far as I can recall.</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 11:24:55 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331469#post331469</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331469#post331469</guid>
				<description><![CDATA[
						Only Massey. Interesting old tvnz doco on it being one of the worst designed residential areas in the world.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 10:55:10 +1300</pubDate>
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			<item>
				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331468#post331468</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331468#post331468</guid>
				<description><![CDATA[
						<p><q>Going to object via the official process, just for the fun of it.</q></p><p>It's not a bad idea at all. My Dad did that once in Remuera. He objected to it's increase in value for the sake of increase in rates. He had it's value decreased and to this day…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 10:50:23 +1300</pubDate>
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			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331467#post331467</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331467#post331467</guid>
				<description><![CDATA[
						<p><q>We established that last week didnt we?</q></p><p>It's just something real estate agents have been telling me since I first got serious about buying property. Every suburb is the new Ponsonby. Which has, going on the meteoric growth, actually been true in every case. And since estate agents only concern…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 10:33:05 +1300</pubDate>
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			<item>
				<title>Dastardly Bounder</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331465#post331465</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331465#post331465</guid>
				<description><![CDATA[
						<p><q>But Massey is the new Ponsonby!</q></p><p>Yeah... We established that last week didnt we?</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 10:10:52 +1300</pubDate>
			</item>
		
			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331464#post331464</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331464#post331464</guid>
				<description><![CDATA[
						<p><q>Giving shit to west Auckland is so 90s, you guys. ;)</q></p><p>I think I'm entitled, having lived here since I was born. In fact I'm I third generation westie.</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 09:56:12 +1300</pubDate>
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			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331463#post331463</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331463#post331463</guid>
				<description><![CDATA[
						<p>It's an interesting sign of how times have changed that it used to be that outer suburban homes were a gateway to moving further in. Now it's the other way around &ndash; locking in an inner suburban plot is your gateway to retiring into the country.</p><p>Says something about how…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 09:54:48 +1300</pubDate>
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			<item>
				<title>Danielle</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331462#post331462</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331462#post331462</guid>
				<description><![CDATA[
						Giving shit to west Auckland is so 90s, you guys. ;)
					]]></description>
				<pubDate>Tue, 11 Nov 2014 09:54:10 +1300</pubDate>
			</item>
		
			<item>
				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331461#post331461</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331461#post331461</guid>
				<description><![CDATA[
						<p><q>Otoh, I can see why someone who’d moved from Wellington to Massey would miss Wellington.</q></p><p>But Massey is the new Ponsonby!</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 09:43:27 +1300</pubDate>
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			<item>
				<title>Tim Michie</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331459#post331459</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331459#post331459</guid>
				<description><![CDATA[
						Actually, that's starting to look reasonable compared to Auckland...
					]]></description>
				<pubDate>Tue, 11 Nov 2014 09:35:01 +1300</pubDate>
			</item>
		
			<item>
				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331456#post331456</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331456#post331456</guid>
				<description><![CDATA[
						Also, Watchmystreet is not up to date. It has the old 2009 valuation for our house, and says the valuation hasn't changed. We challenged our 2012 valuation, which meant the value went up for both the 2009 and 2012 valuations.
					]]></description>
				<pubDate>Tue, 11 Nov 2014 08:46:57 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331455#post331455</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331455#post331455</guid>
				<description><![CDATA[
						Probably applies no matter where they moved from. :)
					]]></description>
				<pubDate>Tue, 11 Nov 2014 08:38:10 +1300</pubDate>
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			<item>
				<title>Russell Brown</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331453#post331453</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331453#post331453</guid>
				<description><![CDATA[
						<p><q> In the meantime, he’s holding his nose and putting up with the whole rat-race thing.</q></p><p>Oh, I love where I live. It's just that it might make sense eventually to sell up and buy a much cheaper dwelling somewhere else and make use of our huge capital gain. But we're…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 08:32:43 +1300</pubDate>
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			<item>
				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331452#post331452</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331452#post331452</guid>
				<description><![CDATA[
						you may have missed the reference to working the land
					]]></description>
				<pubDate>Tue, 11 Nov 2014 07:04:47 +1300</pubDate>
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			<item>
				<title>Kumara Republic</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331451#post331451</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331451#post331451</guid>
				<description><![CDATA[
						<p><q>It may actually make sense for us to cash up and leave Auckland when the time comes.</q></p><p>A long-time family friend of mine has lived in Massey for the last few years, and he said in a Skype conversation last week that he'd be back in Wellington in an instant…</p>
					]]></description>
				<pubDate>Tue, 11 Nov 2014 02:15:39 +1300</pubDate>
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			<item>
				<title>Hilary Stace</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331448#post331448</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331448#post331448</guid>
				<description><![CDATA[
						Hours of fun. You can look up all your friends and neighbours' properties. Found the lowest valued property in our street is actually a $140,000 section on the side of a cliff.
					]]></description>
				<pubDate>Mon, 10 Nov 2014 21:21:48 +1300</pubDate>
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			<item>
				<title>Chris Waugh</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331447#post331447</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331447#post331447</guid>
				<description><![CDATA[
						<p><q>Watch My Street</q></p><p><a href="http://www.watchmystreet.co.nz/" target="_blank" rel="noopener noreferrer">This one</a>? Interesting explanation for why it only does Wellington. And only Wellington City proper &ndash; I just tried a Porirua address, nothing.</p>
					]]></description>
				<pubDate>Mon, 10 Nov 2014 20:30:09 +1300</pubDate>
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			<item>
				<title>Hilary Stace</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331446#post331446</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331446#post331446</guid>
				<description><![CDATA[
						There's a great website in Wellington called Watch My Street. It tells you about the value of your property, the highest and lowest value of your street and where your house fits in that scale. Nice aerial photos.  I have a shabby, unrenovated house in a rather nice street. Mine…
					]]></description>
				<pubDate>Mon, 10 Nov 2014 19:51:22 +1300</pubDate>
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			<item>
				<title>Cassandra</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331445#post331445</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331445#post331445</guid>
				<description><![CDATA[
						I'm calling myself the fibrolite (1/2) millonaire. Apparently a 2 bedroom 1950's cottage untroubled by the renovator's hand on a small cross lease in a West Auckland backwater is worth a lot! Me and the neighbours have been amusing ourselves with visions of what we'd do with it if anyone…
					]]></description>
				<pubDate>Mon, 10 Nov 2014 19:39:29 +1300</pubDate>
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			<item>
				<title>andin</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331444#post331444</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331444#post331444</guid>
				<description><![CDATA[
						<p><q>We broke government.</q><br />Its still broken darn it</p>
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				<pubDate>Mon, 10 Nov 2014 19:16:24 +1300</pubDate>
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				<title>Amanda Wreckonwith</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331443#post331443</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331443#post331443</guid>
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						<p><q>providing your aspiration is horticulture.</q><br />Or agriculture, <br />or engineering<br />or accountancy<br />or conservation<br />or tourism<br />or hospitality<br />or App development<br />or literature<br />or teaching<br />or painting<br />or the many other occupations that my neighbours are employed in, in these dim, dark, cultural wastelands of rural NZ.</p>
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				<pubDate>Mon, 10 Nov 2014 17:55:10 +1300</pubDate>
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				<title>Raymond A Francis</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331442#post331442</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331442#post331442</guid>
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						Not a bad idea but it is worth remembering that people pay the ever bigger prices not the agents
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				<pubDate>Mon, 10 Nov 2014 17:31:23 +1300</pubDate>
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				<title>Geoff Lealand</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331441#post331441</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331441#post331441</guid>
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						If we ran all real estate agents out of town, it would be a good start.
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				<pubDate>Mon, 10 Nov 2014 16:46:46 +1300</pubDate>
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				<title>Hebe</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331440#post331440</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331440#post331440</guid>
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						<p><q>It may actually make sense for us to cash up and leave Auckland when the time comes.</q></p><p>We're thinking the same. Odd as it seems, Christchurch has definitely become the nation's Second City, and the capital of the South Island. The rebuild insurance money looks like it will keep driving…</p>
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				<pubDate>Mon, 10 Nov 2014 16:14:00 +1300</pubDate>
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				<title>Sofie Bribiesca</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331439#post331439</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331439#post331439</guid>
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						<p><q>It may actually make sense for us to cash up and leave Auckland when the time comes.</q></p><p>This is an almost reality for us give or take a couple of weeks. I can't tell you enough how good it feels. From  a small bit of dirt/mortgage with high rates to…</p>
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				<pubDate>Mon, 10 Nov 2014 15:54:28 +1300</pubDate>
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				<title>CRobinson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331437#post331437</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331437#post331437</guid>
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						Thanks Lucy, I´ll try interloan.
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				<pubDate>Mon, 10 Nov 2014 14:36:40 +1300</pubDate>
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				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331436#post331436</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331436#post331436</guid>
				<description><![CDATA[
						It's pre-electronic, unfortunately, but if anyone's in Auckland and wants to have a look at the University copy (or wants to do an interloan from elsewhere), it's Webb, Larisa, 1999. <em>Living together? : change and continuity of a New Zealand intentional community.</em> MA Thesis, University of Auckland. Library listing <a href="http://librarysearch.auckland.ac.nz/primo_library/libweb/action/display.do?tabs=detailsTab&amp;ct=display&amp;fn=search&amp;doc=uoa_alma21157425290002091&amp;indx=11&amp;recIds=uoa_alma21157425290002091&amp;recIdxs=0&amp;elementId=0&amp;renderMode=poppedOut&amp;displayMode=full&amp;frbrVersion=&amp;dscnt=0&amp;sort=DEFAULT&amp;submit=Submit&amp;searchString=webb&amp;query=facet_local1%2Cexact%2CTheses&amp;query=creator%2Ccontains%2Cwebb&amp;query=any%2Ccontains%2CAuckland+OR+%22University+of+New+Zealand%22&amp;scp.scps=scope%3A%28Standard_record%29%2Cscope%3A%28Combined_record%29&amp;tab=search_library&amp;searchField=creator&amp;dym=true&amp;dstmp=1415582863499&amp;highlight=true&amp;lang=eng&amp;thesesType=All&amp;search_scope=Combined_Local&amp;displayField=title&amp;displayField=creator&amp;bulksize=10&amp;vl%28freeText0%29=webb&amp;group=GUEST&amp;vid=UOA2_A&amp;institution=UOA" target="_blank" rel="noopener noreferrer">here</a>. And…
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				<pubDate>Mon, 10 Nov 2014 14:31:10 +1300</pubDate>
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				<title>CRobinson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331435#post331435</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331435#post331435</guid>
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						Is that thesis publicly available?  Sounds like it might contain some useful lessons.
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				<pubDate>Mon, 10 Nov 2014 14:08:49 +1300</pubDate>
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				<title>Lucy Telfar Barnard</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331434#post331434</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331434#post331434</guid>
				<description><![CDATA[
						<q>I've been wary of cooperative land or lifestyle groups, mainly because I've seen the results of failed 70s communes... When things go wrong the fallout can be quite spectacular.</q>Yes indeedy. However, I don't think the idea of communal ownership should be dismissed altogether. A friend of mine did her MA…
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				<pubDate>Mon, 10 Nov 2014 13:44:52 +1300</pubDate>
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				<title>Kumara Republic</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331433#post331433</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331433#post331433</guid>
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						Something has to be done. But property speculators collectively in NZ are more powerful than an upper house or senate. A de facto House of Lords, much?
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				<pubDate>Mon, 10 Nov 2014 13:44:49 +1300</pubDate>
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				<title>Sacha</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331432#post331432</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331432#post331432</guid>
				<description><![CDATA[
						<p><q>sell up and move to a bit of provincial New Zealand</q></p><p>providing your aspiration is horticulture.</p>
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				<pubDate>Mon, 10 Nov 2014 13:34:00 +1300</pubDate>
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				<title>Paul Campbell</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331431#post331431</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331431#post331431</guid>
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						<p>BTW: remember that rates setting by valuation (in NZ) is a 0-sum game &ndash; if your valuation goes up by 50% and the average valuation increase across the city is also 50% then the rates you pay will not change</p><p>(or rather the percentage of the total rates take that…</p>
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				<pubDate>Mon, 10 Nov 2014 13:30:18 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331430#post331430</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331430#post331430</guid>
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						<p><q> In those circumstances improvements will allways get a higher price than an unrenovated place of the same floor area.</q></p><p>For sure, and it's not even true that renovations are worth less than what they cost, on the whole. I was being glib.</p><p>Painting would typically be a renovation that is…</p>
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				<pubDate>Mon, 10 Nov 2014 13:29:37 +1300</pubDate>
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				<title>Dastardly Bounder</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331429#post331429</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331429#post331429</guid>
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						<p><q>Set up a co-op with your mates</q></p><p>I've been wary of cooperative land or lifestyle groups, mainly because I've seen the results of failed 70s communes and business ventures started by friends. When things go wrong the fallout can be quite spectacular.</p><p>Saying that... I recently found this fellow in…</p>
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				<pubDate>Mon, 10 Nov 2014 13:25:46 +1300</pubDate>
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				<title>Paul Campbell</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331428#post331428</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331428#post331428</guid>
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						<p>Won't someone think of the children? after all if they'll be spending all their money on real estate and none on taxes to support us in our dotage, it's not going to be good..</p><p>Really I blame corporatised governments, ones that see no benefit in thinking a decade or two…</p>
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				<pubDate>Mon, 10 Nov 2014 13:16:46 +1300</pubDate>
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				<title>william blake</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331427#post331427</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331427#post331427</guid>
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						<p>Set up a co-op with your mates, all sell up and move to a bit of provincial Newm Zealand. Be cash and asset rich, work the internees, the land, your mind and your soul.</p><p>It will be good for the provinces and if enough people do it house prices will…</p>
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				<pubDate>Mon, 10 Nov 2014 12:53:44 +1300</pubDate>
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				<title>Steve Curtis</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331426#post331426</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331426#post331426</guid>
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						<p><q>As with cars, renovations are seldom worth the money paid for them, </q></p><p>Its not a real valuation, done by a site inspection and measurements by an experienced valuer. Its a computer model which is  then used to divide up  the 'value' into a theoretical empty section and  improvements.<br />For rates…</p>
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				<pubDate>Mon, 10 Nov 2014 12:36:19 +1300</pubDate>
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				<title>Zach Bagnall</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331425#post331425</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331425#post331425</guid>
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						<p>All rather worrying sitting here in London, paying over 3k NZD per month in rent + bills + c/tax for a 2brm in Clapham.</p><p>Munich is starting to appeal more than a return "home" to NZ.</p>
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				<pubDate>Mon, 10 Nov 2014 11:56:52 +1300</pubDate>
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				<title>BenWilson</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331424#post331424</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331424#post331424</guid>
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						<p><q>The ideal Auckland property investment strategy seems to be living in a shoebox and trying not to mess up the expensive dirt underneath it.</q></p><p>LOL. Indeed. As with cars, renovations are seldom worth the money paid for them, so if you're a miser like me, you let other people do…</p>
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				<pubDate>Mon, 10 Nov 2014 11:28:03 +1300</pubDate>
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				<title>Adam H</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331423#post331423</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331423#post331423</guid>
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						<p>An extreme version of what our future may hold:</p><p><a href="http://thewireless.co.nz/themes/change/living-in-an-ageing-society" target="_blank" rel="noopener noreferrer">http://thewireless.co.nz/themes/change/living-in-an-ageing-society</a> </p><p>Look at all those empty houses...</p>
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				<pubDate>Mon, 10 Nov 2014 11:21:01 +1300</pubDate>
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				<title>Shaun Lott</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331422#post331422</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331422#post331422</guid>
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						<p>I haven’t looked, but I’m guessing our early 60s house on a section in ‘Tattoo North’ will be $1M+ Insane indeed.</p><p><q>This can’t go on, surely.</q></p><p>For quite a while, yes. See: Manhattan</p>
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				<pubDate>Mon, 10 Nov 2014 11:04:28 +1300</pubDate>
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				<title>Russell Brown</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331421#post331421</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331421#post331421</guid>
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						<p><q>The effects of this paper wealth are that my kids are seriously at risk of not being able to afford live in their hometown. </q></p><p>It may actually make sense for us to cash up and leave Auckland when the time comes.</p>
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				<pubDate>Mon, 10 Nov 2014 10:48:17 +1300</pubDate>
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				<title>Hebe</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331419#post331419</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331419#post331419</guid>
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						<p>Insane. Christchurch is similar in its own smaller way: we’ve not had the great booms of Auckland until the last three years. Now whoosh. (We also broke the CCC website when the new values came out this year.)</p><p>The effects of this paper wealth are that my kids are seriously…</p>
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				<pubDate>Mon, 10 Nov 2014 10:35:41 +1300</pubDate>
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				<title>Public Address</title>
				<link>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331418#post331418</link>
				<guid>https://publicaddress.net/system/cafe/hard-news-the-boom-crash/?p=331418#post331418</guid>
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						<p>Discussion from blog post.</p>
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				<pubDate>Mon, 10 Nov 2014 10:35:41 +1300</pubDate>
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