New Zealand struggles with plague of peacocks
theguardian.com
theguardian.com
As it says later, these are all introduced pests, and they're being eradicated for good reason. Peacocks will probably follow in due course, but they're not killing our native birds.
The natural predator that could have helped was the largest eagle known to have existed, but they've been extinct for centuries (after their prey species, moas (!) and other large birds, were hunted to extinction by people): https://en.wikipedia.org/wiki/Haast's_eagle
This article is mostly for the headline, I think. We have far worse introduced pests, e.g. rabbits do a lot more harm to farmers than peacocks.
The only two political parties with solid proposals on this front are the Greens and TOP. TOP didn't make it into parliament in the recent election, and Labour did so well they didn't really need to give any major concessions to the Greens.
I see where the big parties are coming from -- if they increase supply so much that housing prices fall, a lot of people will be upside down on their mortgages. It's a hard problem.
See https://www.rbnz.govt.nz/research-and-publications/speeches/...
The crazy thing is my mortgage is cheaper than the rent I used to pay, so now I'm building equity and can get further ahead, yet ironically those who can't get a loan to buy a home can't save their way there either because the rent is too expensive and there's nothing left. I can sense it's becoming quite a bit trickier for those at the bottom end of society.
Still a fantastic place to live, but housing is likely to follow the same trend as other major desirable urban areas. It's basically regression to the mean.
NZ's population is also a lot more evenly distributed than most Australian states. NSW has 4 urban areas with over 100,000 people while NZ has 7 despite a smaller population.
https://en.m.wikipedia.org/wiki/List_of_New_Zealand_urban_ar...
I look out over a harbour, about 75m from Auckland. Microwave gets me Internet access. Life is good.
That's the normal state of affairs. When you buy something to rent out, there's no profit unless the rent is higher than the time value of the money.
There's nothing inherently wrong with renting rather than owning. Fiscally it doesn't make sense to buy a home unless you plan on living in that location at least 3 years, and probably more. Heck, just selling the house will cost you 6%. Having the house sit empty between renters costs a fortune.
In a sane system, this wouldn't be the case. It's a problem the NZ government has repeatedly failed to solve, presumably because it would be politically risky. Instead it appears we've chosen by inaction to continue the course toward a real estate collapse. I guess perhaps then we'll learn hard lessons about diversification and tail risk..
How is that possible. Did you relocate or downsized? My impression of Auckland was it's 30-50% cheaper to rent. Maybe with new rates it's on par.
Last I checked house in North Shore rents for $700 while valued at some $1.3M - at current rates thats ~$1100 a week for mortgage.
Depends on how much you borrow I suppose. Our loan was smaller than typical most probably, so we wind up paying about 30% less. But we were renting for $2k a month just 2 bedroom place. Would have been millions to buy that place too. Just getting to the point it's stupid.
I don't really know how we did it but we managed to get a decent place for under 700k, but average price is now about 1.1 million or something crazy. My sister has been looking and for what they want it's all north of 900k and incredibly competitive. So, I'd imagine the loan on that would be quite a bit more, and 30% more expensive month to month might be realistic depending on your situation.
At one point we were on a single income when I was just starting my career and paying that high rent with a new born baby in the house. It was tough. I can't imagine what it's like in single income households with multiple kids. The math just doesn't check out.
It's definitely a great place to live if you can afford it though. Insulated from a lot of the worlds bullshit.
That doesn't make the house any less suitable to live in. You're still paying exactly the same price for exactly the same house.
The only people that will hurt are those who have gotten a mortgage on a property, rented it out to someone, used that rent as leverage to get another mortgage, rented that out to, and so on, and those people are all absolute scum directly contributing to mass homelessness and a generation who can't afford their own roof to sleep under, so I have absolutely no sympathy for any of them.
Not a hugely tenable position politically, but I can't pretend to give a toss about someone who profits off of contributing absolutely nothing to society undergoing the same hardship they've caused their fellow citizens for the past several decades.
housing property is an immovable illiquid asset. it is not only an asset but it is also a speculative asset.
unaffordable property prices often benefit the governments more than property owners because its one way to extract hefty property taxes. so the only way to balance interest rates is to keep inflating the value of the homes. its like a ponzi scheme.
this usually happens where social programs are disproportionately shouldered by a narrow slice of productive earners vs a broader section of people who are benefit more from social programs than contributing to it..aka negative tax. imagine it like an inverted triangle/pyramid.
however, the solution to affordable housing is to build more affordable rental units. not create more home owners. if people can only buy the cheapest properties, how will they maintain it, pay interest on mortgage and pay property taxes? they are better off renting. why govts tries to create more home owners is the reason i mentioned above. to generate more property taxes.
the people who suffer most are the bottom most in the socio economic scale. home ownership is not for everyone. the saddest part is that they have them convinced that its a form of credit line and that ends up making it an even more potent speculative asset. throw in foreign investments in residential speculative housing market, it overheats. which will only make housing even more unaffordable. its a vicious cycle.
Try saying that to r/NZ
My mother worked along with slum clearance board to build homes for low, middle and high income families by creating new townships. There are plenty of success stories.
Your economic reductionism is blind to political realities: a government that implements unpopular policies will most likely be voted out. Governments don't just create more home owners to generate more property taxes, they create more home owners when enough voters want to become home owners.
You say "home ownership is not for everyone" as though that blesses the status quo as some kind of natural permanent state. Home ownership is for those who can afford it. A reduction in prices (lower construction costs, greater supply, etc.) increases home affordability, which increases home ownership. Yes, it may never be for everyone, but equally it can be for more people.
I am just saying that ..at least in the Bay Area..there is an incentive for the govt to keep home prices high.
Increase in home ownership doesn’t address affordable housing. It only addresses more tax collection and it also increases debt.
People can be housed if there are rental units. And yet that never happens in the Bay Area. Just talking about my zip code. And it seems to me that it’s by design.
Additionally, artificially raising the price in this way will increase the amount of time for which the property is not occupied, but that's a relatively minor effect in comparison to the above.
Median wages appear to be about NZ$50k (all NZ) vs US$75k (San Fran). So on both absolute price and price vs income, only Auckland appears to be in the same ballpark as San Francisco.
https://i.stuff.co.nz/business/110049950/auckland-ranked-amo...
Choose house prices against income at the bottom of the graph.
https://www.economist.com/graphic-detail/2019/03/11/global-c...
And I saw many peacocks!
I had the misfortune of getting stuck in Singapore on a 3-day business trip when things got locked down, and it turned into a 4 month miserable ordeal of house arrest and quarantines before I was able to make it back to my much more reasonable home of Hong Kong. Truly, from the bottom of my heart, fuck Singapore's lockdown.
Good — you're probably not welcome there anyway. The countries that did lockdowns and quarantine properly are the ones that have best controlled the pandemic.
I know I’d choose an NZ lockdown over a Chinese one. Why do you think a lockdown in China would be less restrictive?
Singapore's lockdown was fine. I feel safe with my family here in Singapore.
This comment definitely should not have been downvoted. I am sorry you had to go through such an ordeal, and am sure you would have found NZ far more preferable.
https://www.stuff.co.nz/the-press/news/112964893/woman-brand...
When newspapers claim that "people is struggling with a new birds/pig/deer plague" it often has a direct translation as: "That's yummy, I want an excuse to shoot at it for free".
Those are just big pheasants, is not a health problem, and is a noisy creature, but otherwise harmless for man or pets. At 100 dollars the alive bird, losing some maize as exchange for a royal dinner is not a big fuss.
Maybe the time is ripe for a new exporting peacock business, from NZ to your table.
I heard a peacock years before I ever saw one live. They lived about 3/4 of a mile away, but when the wind was right we could hear them.
/s