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Comments on: And we thought New Zealand’s building slowdown was bad … http://www.tvhe.co.nz/2009/02/19/and-we-thought-new-zealands-building-slowdown-was-bad/ The Visible Hand in Economics Wed, 25 Feb 2009 07:10:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/02/19/and-we-thought-new-zealands-building-slowdown-was-bad/#comment-16392 Wed, 25 Feb 2009 07:10:10 +0000 http://www.tvhe.co.nz/?p=2913#comment-16392 Well, they have overbuilt in Spain – that has to be a kicker.

They thought rich British people would keep buying their excess houses 😛

]]> By: Kiwi Trader http://www.tvhe.co.nz/2009/02/19/and-we-thought-new-zealands-building-slowdown-was-bad/#comment-16133 Tue, 24 Feb 2009 01:23:24 +0000 http://www.tvhe.co.nz/?p=2913#comment-16133 I have heard from a colleague that the latest deal in Spain is buy one, get one free. And he is deadly serious!

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/19/and-we-thought-new-zealands-building-slowdown-was-bad/#comment-15369 Thu, 19 Feb 2009 22:16:08 +0000 http://www.tvhe.co.nz/?p=2913#comment-15369 “Building regs means the cost of building a new house is less than the finished value of the house.”

Indeed – this is a factor that “holds house prices up”. Fundamentally, we should expect house prices to be a bit higher because of all the regulation around it. However, it is a bit hypocritical of the government to bleat on about “affordable housing” in the face of all of this.

“Who’s want to be a builder?”

I know heaps of people who want to be builders – I think the main question is, why wants to own a building firm 🙂

]]> By: Peter Cresswell http://www.tvhe.co.nz/2009/02/19/and-we-thought-new-zealands-building-slowdown-was-bad/#comment-15367 Thu, 19 Feb 2009 22:12:41 +0000 http://www.tvhe.co.nz/?p=2913#comment-15367 We have some pretty restrictive building conditions for building now too.

Building regs means the cost of building a new house is less than the finished value of the house.

And leaky homes hysteria has led to the farce that builders can lose their own house simply for having visited a house whose owners assert that it leaks.

Who’s want to be a builder?

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