Politics 🗳️ NZ Politics

[defensivebomb]

Which FHB can realistically buy a median priced house in Auckland without the help of Mum & Dad?
Are you against a DTI or just the ratios?

Firstly, I think house prices are ridiculous. In no way do I think they are reasonable.

I think a DTI is a good idea, and the proposed ratios are probably OK.

Having said that, I think it is unwise to borrow $700k for a first home. I can't see that, or anything above say $500k for a first home is reasonable. We went overseas and scrimped and saved (and sacrificed a lot) to save a decent deposit on a first home., in our 30s Which wasn't an incredible house, but a start. Cross-lease, shared driveway, smallish section, 3 bed / 1 bath. Everyone seems to have a long wish list these days, and can't see that their first house will probably require a few sacrifices

I think that FHBs should be realistic and starting at the bottom, rather than in the median. Your forever home is probably something you buy much later in life.

And I also think people shouldn't get too caught up with keeping up with the joneses. Too many glossy magazines and reality TV showing beautiful homes

 

[dean]

My stepson and partner bought in Auckland last August, $850k for a 2brm unit. They had approval to borrow more but liked this property. They are very happy, no moaning, love their place.

 

[Inruin]

Post-Cabinet press conference: Prime Minister Christopher Luxon announces repeal of Labour’s Three Waters under urgency
NZ Herald
12 Feb, 2024 03:45 PM

Christopher Luxon holds post-Cabinet press conference
The Government will repeal the controversial Three Waters reforms by 23 February and will pass two two laws to replace it – the first by mid 2024 followed by the long-term replacement by mid 2025.

“The Government will pass a bill to repeal Labour’s divisive and unpopular Three Waters legislation by 23 February 2024 as part of our 100-day plan. This will restore continued local council ownership and control of water services, and responsibility for service delivery,” Brown said.

The repeal law would include some provisions to allow councils to address water services in their long-term plans ahead of the permanent changes.

He said the government’s replacement would be put in place through two separate pieces of legislation. A technical advisory group was being set up to advise on the implementation of it.

Brown said the first bill would be passed by the middle of this year and would set out provisions related to council service delivery plans and transitional economic regulation.

That would include streamlined rules for setting up council-controlled organisations under the Local Government Act 2002 to allow councils to start moving the delivery of water services into more financially sustainable configurations, if they wished to do so.

The second bill would set up the long-term replacement regime. It would be introduced by December, and passed by mid-2025 – just ahead of local body elections in October that year.

He said that second bill would also set up regulatory backstop powers, to be used if councils were failing to meet the requirements to deliver financially sustainable and safe water services.

The long term regime would include requirements for financial sustainability, an economic regulation regime, and a new range of structural and financing tools for councils.

Those included a new type of financially independent council-controlled organisation.

It would also change the water regulator’s legislation to ensure it was fit for purpose and workable for drinking water suppliers.

He said the technical advisory group would include experts in finance, infrastructure and local government. It would provide advice on policy and legislation that would allow local councils to appropriately recover costs and access the long-term debt needed to fund the required investment in water infrastructure.

The Technical Advisory Group members
Andreas Heuser (chair), managing director at Castalia Limited. Andreas has a background in economic and policy projects specialising in energy sector strategy, water reform, and natural resource economics.

Raveen Jaduram, director of the New Zealand Infrastructure Commission. Raveen has a background in water infrastructure, including six years as the Chief Executive of Watercare.

Wendy Walker, chief executive of Porirua City Council. Wendy has a background in local government, strategic planning, and public management.

Mark Reese, partner at Chapman Tripp. Mark specialises in finance and infrastructure and has knowledge and experience across legal and financial aspects of project and asset financing.

Simon Weston, chief executive of Whangārei District Council. Simon has a background in infrastructure, construction and local government in the United Kingdom, Auckland, and Northland.

Govt to repeal Three Waters reforms

Coalition government set to repeal Three Waters this week.

www.nzherald.co.nz

 

[MaybeTop8]

Post-Cabinet press conference: Prime Minister Christopher Luxon announces repeal of Labour’s Three Waters under urgency
NZ Herald
12 Feb, 2024 03:45 PM

Christopher Luxon holds post-Cabinet press conference
The Government will repeal the controversial Three Waters reforms by 23 February and will pass two two laws to replace it – the first by mid 2024 followed by the long-term replacement by mid 2025.

“The Government will pass a bill to repeal Labour’s divisive and unpopular Three Waters legislation by 23 February 2024 as part of our 100-day plan. This will restore continued local council ownership and control of water services, and responsibility for service delivery,” Brown said.

The repeal law would include some provisions to allow councils to address water services in their long-term plans ahead of the permanent changes.

He said the government’s replacement would be put in place through two separate pieces of legislation. A technical advisory group was being set up to advise on the implementation of it.

Brown said the first bill would be passed by the middle of this year and would set out provisions related to council service delivery plans and transitional economic regulation.

That would include streamlined rules for setting up council-controlled organisations under the Local Government Act 2002 to allow councils to start moving the delivery of water services into more financially sustainable configurations, if they wished to do so.

The second bill would set up the long-term replacement regime. It would be introduced by December, and passed by mid-2025 – just ahead of local body elections in October that year.

He said that second bill would also set up regulatory backstop powers, to be used if councils were failing to meet the requirements to deliver financially sustainable and safe water services.

The long term regime would include requirements for financial sustainability, an economic regulation regime, and a new range of structural and financing tools for councils.

Those included a new type of financially independent council-controlled organisation.

It would also change the water regulator’s legislation to ensure it was fit for purpose and workable for drinking water suppliers.

He said the technical advisory group would include experts in finance, infrastructure and local government. It would provide advice on policy and legislation that would allow local councils to appropriately recover costs and access the long-term debt needed to fund the required investment in water infrastructure.

The Technical Advisory Group members
Andreas Heuser (chair), managing director at Castalia Limited. Andreas has a background in economic and policy projects specialising in energy sector strategy, water reform, and natural resource economics.

Raveen Jaduram, director of the New Zealand Infrastructure Commission. Raveen has a background in water infrastructure, including six years as the Chief Executive of Watercare.

Wendy Walker, chief executive of Porirua City Council. Wendy has a background in local government, strategic planning, and public management.

Mark Reese, partner at Chapman Tripp. Mark specialises in finance and infrastructure and has knowledge and experience across legal and financial aspects of project and asset financing.

Simon Weston, chief executive of Whangārei District Council. Simon has a background in infrastructure, construction and local government in the United Kingdom, Auckland, and Northland.

Govt to repeal Three Waters reforms

Coalition government set to repeal Three Waters this week.

www.nzherald.co.nz

So, I wonder, what will replace it to fix all of new zealand's urgent water problems?

Loading the bases already - Castalia - https://www.dia.govt.nz/commentary-on-castalia-reports-three-waters-reform-programme

Castalia are Public Private Partnership experts - amazing how they're miraculously appointed to the Technical Advisory Group

Public private partnership: Building institutions and capacity - Castalia

We help clients to create capacity to appraise and implement public private partnerships by developing guidelines and process manuals and assessing and implementing pioneering transactions.

castalia-advisors.com

UTTERLY CORRUPT.

 

[Inruin]

So, I wonder, what will replace it to fix all of new zealand's urgent water problems?

Loading the bases already - Castalia - https://www.dia.govt.nz/commentary-on-castalia-reports-three-waters-reform-programme

Castalia are Public Private Partnership experts - amazing how they're miraculously appointed to the Technical Advisory Group

Public private partnership: Building institutions and capacity - Castalia

We help clients to create capacity to appraise and implement public private partnerships by developing guidelines and process manuals and assessing and implementing pioneering transactions.

castalia-advisors.com

UTTERLY CORRUPT.

Don't forget to wear your crash helmet when going outside Henny Penny

 

[MaybeTop8]

Who are Castalia?

Making water secondary to profit

Public private partnership: Building institutions and capacity - Castalia

We help clients with building institutions and capacity using public private partnership. We advise clients on how best to determine a project's PPP viability, and develop procurement systems consistent with policy objectives. We focus on maximizing value for money from government funds and...

castalia-advisors.com

Not To Cast Stones...

But do we really want to outsource water?

nickrockel.substack.com

Yes, the blogger is left, but can't fault what he outlines. It's all factual.

 

[Worried2Death]

Who are Castalia?

Making water secondary to profit

Public private partnership: Building institutions and capacity - Castalia

We help clients with building institutions and capacity using public private partnership. We advise clients on how best to determine a project's PPP viability, and develop procurement systems consistent with policy objectives. We focus on maximizing value for money from government funds and...

castalia-advisors.com

Not To Cast Stones...

But do we really want to outsource water?

nickrockel.substack.com

Yes, the blogger is left, but can't fault what he outlines. It's all factual.

Bit of a worry.

Are you saying you don't trust this guy not to sell off provision of our water resources to rich corporates?

 

[Inruin]

Yes, the blogger is left, but can't fault what he outlines. It's all factual.

Your seem to continuously get confused between what is an opinion and what is factual.

 

[Worried2Death]

Your seem to continuously get confused between what is an opinion and what is factual.

What do you think Robin, private investment introduces the factor of making a profit, that's a bit of an ideological dilemma. What do we do, buy shares and hope dividends offset any increased water charges?

 

[Rizzah]

Firstly, I think house prices are ridiculous. In no way do I think they are reasonable.

I think a DTI is a good idea, and the proposed ratios are probably OK.

Having said that, I think it is unwise to borrow $700k for a first home. I can't see that, or anything above say $500k for a first home is reasonable. We went overseas and scrimped and saved (and sacrificed a lot) to save a decent deposit on a first home., in our 30s Which wasn't an incredible house, but a start. Cross-lease, shared driveway, smallish section, 3 bed / 1 bath. Everyone seems to have a long wish list these days, and can't see that their first house will probably require a few sacrifices

I think that FHBs should be realistic and starting at the bottom, rather than in the median. Your forever home is probably something you buy much later in life.

And I also think people shouldn't get too caught up with keeping up with the joneses. Too many glossy magazines and reality TV showing beautiful homes

My stepson and partner bought in Auckland last August, $850k for a 2brm unit. They had approval to borrow more but liked this property. They are very happy, no moaning, love their place.

Shit that's a fair bit of cash for a 2bedroom unit.
Are there lots of FHB that are moaning or unrealistic? Mind you, I can probably see some animosity with the market if FHB are purchasing a 'do'er up'er' in Auckland for $800,000+.

 

[MaybeTop8]

Bit of a worry.

Are you saying you don't trust this guy not to sell off provision of our water resources to rich corporates?

View attachment 5089

yes.

 

[Worried2Death]

yes.

Look into his eyes and tell me if he has a soul

 

[Inruin]

What do you think Robin, private investment introduces the factor of making a profit, that's a bit of an ideological dilemma. What do we do, buy shares and hope dividends offset any increased water charges?

Well Wonder Woman, I'd suggest you buy a crash helmet too.

'Andreas had led an alternative water reform plan with councils who opposed the Three Waters plans. Castalia proposed that instead councils address their financial needs through “a mix of standard utility financing and targeted government support”. Which is a different way of saying a Private/Public partnership"

It's not a fucking donation!

 

[MaybeTop8]

Look into his eyes and tell me if he has a soul

It's souled. like Simeon Brown's new press secretary

 

[Inruin]

Look into his eyes and tell me if he has a soul

Come on mate, how can he compete when you are used to looking at Chloe's?

 

[Worried2Death]

Cone on mate, how can he compete when you are used to looking at Chloe's?

She could sell me the plan to sieze control of the means of production anytime

 

[MaybeTop8]

Your seem to continuously get confused between what is an opinion and what is factual.

Not really. Pick a link, any link.

Did you vote for privatisation of assets at mass scale and selling off our natural resources?

 

[Inruin]

She could sell me the plan to sieze control of the means of production anytime

She already has the answer to the water infrastructure but no one seems to listen or they take it completely out of context.

From the river to the sea .....

 

[John Nick]

Looking at this thread we have a typical nz debate about serious issues with different parties pulling in different directions and we end up with no solutions.
No wonder we are fuckin going backwards

 

[Inruin]

Not really. Pick a link, any link.

Did you vote for privatisation of assets at mass scale and selling off our natural resources?

Already have. Already did. Even bought you the T-shirt.

Again, there you go, it's just an acorn mate.