Zardnaar
Deity
And around about now people are likely assuming I am a Trump supporting redneck who doesn't like "them" being over here with "us".
Except I am not an American and I live in one of the least corrupt and most liberal countries on the planet. I also live in a country that is an immigrant country.
In my case I honestly do not care about where the immigrants come from. The problem is we have to many of them. Nor do I care about illegal immigration or refugees. We could cut legal immigration in half and double our refugee quota which would cost several tens of millions of dollars ($80 000 per refugee). Which in the grand scheme of things is a few hours of government spending here.
Last year
https://www.enz.org/migrants.html
In 2003 we hit 4 million people. Now we have 4.7 million.
We are also having a housing crisis here. Put simply in our largest city house prices have hit an average of 1 million dollars or around 10-12 years wages for an average household (two people working).
https://www.nbr.co.nz/article/book-extract-home-truths-–-confronting-new-zealand’s-housing-crisis-183320
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11736277
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11743228
Now this is made worse by NZ not having a capital gains tax and houses have been going up in price 10-20% per year in some places.
We actually own our house and will have the mortgage paid in around 3 years. We bought the house in 2010 and it has gone up by at least 50% going by the houses that have sold. Now generally you just have to wait for the housing bubble to burst right?
Wrong NZ has a perfect storm of finite houses and to much immigration. House prices increases may fall to 5% increase per year or even 0% but they are not going to go down.
We are heading towards an inter generational landed aristocracy here though, our parents could by a house at around 3 times their yearly income and got free doctor, dentist, university but that started to go away in the 1980's. The older people have way more wealth though if you want to check the links.
Note I am not a socialist I do not care that doctors etc get paid more than me but the baby boomers have not worked any harder or smarter just got born at the right time. We are generation X/Y and we're getting it easier than the millennials.
Once our mortgage is paid for we only have to pay rates instead of rent/mortgage and rent locally is around $350+ per week, our rates will be a fraction of that, we can use the extra money to buy another house even at inflated prices. No point investing in the stock market, more likely we will take a small mortage and go buy a lot nicer house somewhere. We did not do anything that drastic just saved for 5 years, used a 20% deposit and lived like students almost during those 5 years not even running a car (double income, no kids, lived in a bit of a dump, had flatmates/room mates). Did not work any harder or smarter.
We have younger friends some of which are on 6 figure incomes and they can save $50 000 per year but in Auckland houses are going up at least 10% per year.
Down here the average and median wage is not even 50k per year but you are still looking at 300k+ for entry level housing.
Most of the arrivals are from Asia, not many are leaving though and you can turn a student visa into a work visa so basic supply and demand kicks in terms of wages. Get a low paying job and upgrade your way to residency and citizenship.
http://insights.nzherald.co.nz/article/rising-migration-numbers-nz
Guess who delivers cheap Pizza?
Put simply we are not building houses fast enough and prices won't collapse like overseas speculation. Its causing massive social problems here. Per capita we are taking in something similar to the Syrian refugees in Europe. Every year. A refugee here actually gets it easier than a normal NZer as they get a house, appliances and furnishing supplied (my wife organised the deliveries). Refugee numbers are a drop in the bucket, legal immigration is the problem here.
Except I am not an American and I live in one of the least corrupt and most liberal countries on the planet. I also live in a country that is an immigrant country.
In my case I honestly do not care about where the immigrants come from. The problem is we have to many of them. Nor do I care about illegal immigration or refugees. We could cut legal immigration in half and double our refugee quota which would cost several tens of millions of dollars ($80 000 per refugee). Which in the grand scheme of things is a few hours of government spending here.
Last year
https://www.enz.org/migrants.html
In 2003 we hit 4 million people. Now we have 4.7 million.
We are also having a housing crisis here. Put simply in our largest city house prices have hit an average of 1 million dollars or around 10-12 years wages for an average household (two people working).
https://www.nbr.co.nz/article/book-extract-home-truths-–-confronting-new-zealand’s-housing-crisis-183320
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11736277
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11743228
Now this is made worse by NZ not having a capital gains tax and houses have been going up in price 10-20% per year in some places.
We actually own our house and will have the mortgage paid in around 3 years. We bought the house in 2010 and it has gone up by at least 50% going by the houses that have sold. Now generally you just have to wait for the housing bubble to burst right?
Wrong NZ has a perfect storm of finite houses and to much immigration. House prices increases may fall to 5% increase per year or even 0% but they are not going to go down.
We are heading towards an inter generational landed aristocracy here though, our parents could by a house at around 3 times their yearly income and got free doctor, dentist, university but that started to go away in the 1980's. The older people have way more wealth though if you want to check the links.
Note I am not a socialist I do not care that doctors etc get paid more than me but the baby boomers have not worked any harder or smarter just got born at the right time. We are generation X/Y and we're getting it easier than the millennials.
Once our mortgage is paid for we only have to pay rates instead of rent/mortgage and rent locally is around $350+ per week, our rates will be a fraction of that, we can use the extra money to buy another house even at inflated prices. No point investing in the stock market, more likely we will take a small mortage and go buy a lot nicer house somewhere. We did not do anything that drastic just saved for 5 years, used a 20% deposit and lived like students almost during those 5 years not even running a car (double income, no kids, lived in a bit of a dump, had flatmates/room mates). Did not work any harder or smarter.
We have younger friends some of which are on 6 figure incomes and they can save $50 000 per year but in Auckland houses are going up at least 10% per year.
Down here the average and median wage is not even 50k per year but you are still looking at 300k+ for entry level housing.
Most of the arrivals are from Asia, not many are leaving though and you can turn a student visa into a work visa so basic supply and demand kicks in terms of wages. Get a low paying job and upgrade your way to residency and citizenship.
http://insights.nzherald.co.nz/article/rising-migration-numbers-nz
Guess who delivers cheap Pizza?
Put simply we are not building houses fast enough and prices won't collapse like overseas speculation. Its causing massive social problems here. Per capita we are taking in something similar to the Syrian refugees in Europe. Every year. A refugee here actually gets it easier than a normal NZer as they get a house, appliances and furnishing supplied (my wife organised the deliveries). Refugee numbers are a drop in the bucket, legal immigration is the problem here.
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