Bob Jones’ Lake Idea

When I first heard this I assumed Bob was joking.  Effectively telling the Christchurhers to go and jump in the lake.  Bob does like to take the mick now and again.

But it seems he’s serious about it.  And maybe it’s not a bad idea.

From the Listener:

Bob Jones on Christchurch rebuild: turn CBD into a lake

A radical rethink is needed if Christchurch is to arise triumphant from the rubble, writes Sir Robert Jones.

Christchurch City Council draft central city plan (August 2011).

With the passing of time, we have a better perspective on Christchurch’s CBD rebuilding prospects. The sheer scale is clearer, with some 85% – over 800 buildings covering a 40ha business area – destined for demolition. Last month, when I was shown through by the Christchurch Central Development Unit of Cera, it seemed about half had already been reduced to vacant lots. But familiar now with the impact of the earthquakes, I felt no nostalgia; instead, I felt optimistic that something better could arise.

I recalled the last time I was in Christchurch, as guest speaker – ironically, at the request of its engineers – for the opening of the huge Inland Revenue building. (To its owner’s delight, it’s now destined for demolition.) It was a Friday night and I strolled the streets, shocked at the empty shops and absence of 5.00pm traffic. This was pre-earthquake, a central city with its life wheezing from it. In that sense the earthquake has been a deliverance.

Well I think this idea has some merit.  I also think it will never happen.  I think it will be such an untenable idea to those in that area to say that their CBD was and always will be, stuffed.

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What Chance Did this Boy Have?

Some time ago the nation was disgusted by the sexual and violent assault of a 5 year old girl in Turangi.

Well that boy had no chance in life with a father like this:

Man ‘like a dog’ as he bashed partner

MIKE WATSON

Last updated 05:00 10/05/2012
Mark Marino

MARK MARINO: Barked and growled during “cowardly” attack on woman.

A Mongrel Mob gang member barked and growled like a dog as he repeatedly kicked and punched his partner around the head and face during an assault in her home.

Mark Marino, 45, of Turangi, was sentenced to jail when he appeared in Taupo District Court yesterday on a charge of assault with intent to injure at his partner’s home in January.

Marino is the father of Raurangi Marino, 16, who was jailed for 10 years in March for a sexual attack on a 5-year-old girl at a Turangi holiday park in December.

Mark Marino was arrested the day his son was sentenced. He had been drinking before arriving at the Turangi home of his partner, with whom he had an on-off relationship for five years, the court was told. They sat around the kitchen table talking but, midway through the afternoon, Marino began barking and growling.

Rest of Article

I’d call this guy a mongrel, but he’d probably like that.

What on earth can we do with people like this?

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Good Article on Auckland Rental Property

From Impression Real Estate’s site:

Good Time to own existing Auckland Rental Properties

Rental demands in Auckland city are growing.  No one can argue that the current supply simply can’t keep up with demand.  With the release of the Demographia International Housing Affordability survey of 325 cities and regions, Auckland was classed as “severely unaffordable”, ranking worse than the two most unaffordable cities in the United States, Los Angeles and New York.  In fact, New Zealand is ranked the third least affordable.

Rents continue to increase and building in Auckland is said to be as difficult, expensive and time consuming as ever.  According to Trade Me, Auckland renters have found a four per cent rise in the past three months, and a seven per cent raise in rents from last year.

With no new major apartment developments on the slate, and no firmly set plan for Auckland’s future, one thing is certain, property value will continue to rise and vacancy rates for rental properties will continue to decrease.  It is a simple problem of supply and demand, with limited quality builds, high compliance costs, and an array of other factors that Mt Hobson Group, Auckland’s leading town planning and resource management firm, discusses in its bi-weekly newsletter.

In fact, we’ve been saying that council absolutely must cut the red tape for us to see any kind of decrease in property value and any kind of increase in building. Many builders with the capability to build large apartment developments in Auckland have expressed anger at Council interference. The Safari Group (known for their wonderful work at turning the Heards factory into nice Parnell apartments) recently made headlines on their proposal to build a five-storey Quest Hotel opposite Victoria Park. The hotel could be used for affordable, temporary, long-term accommodation.  The Group expressed serious frustration at politicians that they say are currently “hijacking” the development. 

Another argument that we see as valid can easily place blame on the government. When they decided to remove the depreciation allowances that property investors could claim, rents rose to make up for the removal of depreciation.

Hamish Firth, the Principal of Mt Hobson Group notes that the change to supply and demand is unlikely to change any time soon.   “A new district plan is not due out for a year and while there is a real desire for additional density, the process of getting the new vision to an operative process may be 3-8 years away.”

In addition, Firth notes that the resource consent process may be eased by regulating the amount of detail and reports so that resource consent will take just as long but with a shorter processing time.  “New apartments need to meet larger minimum size guidelines and it would seem these do not stack up for an investment return.  Existing built stock in good CBD locations should remain in good demand due to the lack of additional stock being built by developers.”  A good time perhaps to pick up a few more investment properties for the portfolio.

 

And this is what I have been thinking and saying for some time, since I developed the apartments at Papakura. They are just so horrendously expensive to build!  And the returns so low that almost no one is doing it.

And this will change over time, but it will take a long time.

Posted in Planning, Property | Leave a comment

An Extra $5million for What?

More in the Herald this morning on Auckland Council’s rating increases:

Swney has little sympathy for Westfield stand

By Anne Gibson

5:30 AM Monday May 7, 2012
Alex Swney, chief executive of Heart of the City. Photo / APN

Alex Swney, chief executive of Heart of the City. Photo / APN

An Auckland inner-city advocate has hit back at mall owner Westfield over its rates rise complaints.

Alex Swney, chief executive of Heart of the City, said the irony of a suburban property owner carping about the rises from July 1 was inescapable because central business district (CBD) businesses had been rated on a different basis to the suburbs for years.

“At its height, our member businesses were paying twice the suburban business rate in the dollar,” Swney said.

“Now, with the arrival of the Super City and rates equalisation that goes with it, suburban businesses – especially the malls – are complaining about the same level of rates that we have been paying for decades.”

His comments follow Westfield’s Justin Lynch presenting to Auckland Council last week about the rates bill soaring from $11.4 million to $16.9 million.

Well I disagree with Alex on this one. yes the rates out in the burbs are lower but this is for very good reasons such as:

  • The values of the properties in teh suburbs are lower.  And generally rates are based on land value.
  • Heaps of spending goes into the CBD area compared to the suburbs.  There is just a never ending huge flow of money going into improving the CBD.  Street/path upgrades, waterfront upgrades, historic building upgrades (e.g. the art gallery) and so on.  Building owners and tenants in the CBD get the benefit of that.  And just look at Len Brown’s future plans.  Billions no less to be spent in the CBD.  Bugger all gets done in the suburbs by comparison.
  • Retailers have huge pedestrian flows in the CBD compared to suburban locations.  And it’s a most desirable (THE most desirable) place for office premises.  So again this helps the tenants and owners pay for the large rates bills in the CBD.
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What a Bunch of Arseholes!

Just look at this from the Herald:

Clampers show war veteran no mercy

By Nicholas Jones

5:30 AM Monday May 7, 2012
Henry Raynel spent more than an hour in the cold with his car clamped. Photo / Dean Purcell

Henry Raynel spent more than an hour in the cold with his car clamped. Photo / Dean Purcell

An 88-year-old war veteran was forced to pay a fine after his car was clamped for being in a mobility space – even though he had a valid parking permit.

Community anger boiled over in Manurewa last Wednesday when a large group of passersby joined Henry Raynel, 88, in support after his car was clamped in the Southmall carpark.

Police were called and threatened to arrest the wheel clampers, but Mr Raynel eventually paid $80 to get home after more than an hour spent in the cold.

Mr Raynel had parked in a mobility space outside New World supermarket and said he was clamped because he displayed his valid permit on the wrong area of his dashboard.

He said a raised display screen meant the permit could not be seen from one position in front of the car, but was clearly visible from every other angle.

NZ Wheel Clamping refunded Mr Raynel’s fee the next day – but the company says no permit was displayed and is considering laying a complaint against police.

Mr Raynel, who lives alone at Elmwood retirement home after his wife died seven months ago, said the wheel clampers could not be reasoned with.

“I got a real shock, having my bundle of groceries to put in. I said, ‘Look, my card is on my dashboard, come and have a look.”‘

Emma Diack, 32, joined a large crowd of angry bystanders who tried to pressure the clamper to let Mr Raynel go without a fine.

“It was just a bizarre situation … he is 88. It was night as well … and here he is standing in a carpark, it was freezing, and there was no way this guy was going to take [the clamp] off.

“[The clamper] said, ‘Well, I’ve already knocked [the fine] down from $180 to $80.’ It was like, are you absolutely serious?”

Several people offered to remove the wheel and put their own spare tyre on the car, and a hat was passed around and enough money donated to pay the fine.

But Mr Raynel declined the offer and paid the $80 himself, before police turned up and told the clamper to refund his money.

NZ Wheel Clamping owner Gordon Ward was called to the carpark but refused to give any refund.

Yesterday the company’s group manager, Sean Hika, said agents did not have the authority to take a clamp off without payment or give on-the-spot refunds.

“What I’m hearing is that the police turned up but wouldn’t contact the call centre … all the negotiation and discretion is held with the call centre, not the people on the ground.”

Mr Hika said his agent had photos to prove no permit was displayed on the dashboard.

The company had requested a meeting with the police area commander and were considering laying a complaint.

“The police showed up and got involved in a civil matter. And they threatened to arrest my guys on a civil matter – a completely over-the-top reaction.

“[Police were] completely wrong in terms of the law. The guys were doing their lawful duty … we clamp cars that park outside the rules of the carpark.”

Last month Mr Hika contacted the Herald to complain of a “mob mentality” that had seen his workers spat at and threatened with violence.

The Herald was contacted by more than 60 people with complaints against the practices of NZ Wheel Clamping staff after a series of articles on wheel clamping.

Consumer Affairs Minister Simon Bridges has met the company and others in the industry to draw up a voluntary code of conduct.

By Nicholas Jones | Email Nicholas

 

Well if I was there I would have joined the crowd railing against these guys too.  Too bloody lazy to even look along the whole dashboard.

Good on the police for getting involved, this is just getting stupid.

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Seal Levels Not Rising – Yet

More evidence of the Global Warming scam:

 

Sea-level rises ‘may not be as high as worst-case scenarios have predicted’

New research suggests Greenland’s glaciers are slipping into the sea more slowly than previously thought

Damian Carrington

guardian.co.uk, y

Greenland glaciers : Icy water in the fjord of the Kangerdlugssuaq Glacier in eastern Greenland

Icy water in the fjord of the Kangerdlugssuaq glacier in eastern Greenland. Along with Antarctica, the loss of ice from the huge Greenland ice cap is the biggest direct contributor to rising sea levels. Photograph: Jefferson Beck/NASA

Sea-level rises are unlikely to be as high as worst-case scenarios have forecasted, suggests new research which shows that Greenland’s glaciers are slipping into the sea more slowly than was previously thought. But the scientists warned that ice loss still sped up by 30% and is driving rises in sea levels that endanger low-lying coasts around the world.

Rest of Article

Don’t you love the whole “Sea levels aren’t really rising like we said they would, BUT it’s all about to speed up, so WATCH OUT!!!!” line of argument? It’s just so obviously a rort.

Posted in Global Warming, News | Leave a comment

Roller Door Issues Sorted (Again)

A while back I blogged about the problems I was having with a couple of roller doors supplied and installed by Metalbilt.  And how these problems were resolved in a very satisfactory manner.

Well a couple of weeks ago another problem came up with one of the doors. The photo electric cells that make a beam across the door (so that if a car is stopped under the door, the door doesn’t come down on it) failed.  And so they had to be replaced.

And the Metalbilt service team came along and said I have to pay for it… but it was still under warranty…

Anyway I can happily report that the problem has been fixed and Metalbilt are picking up the cost of that.  So they are a good company to deal with.

I’ve also been working with new security company who look after the door control system, security systems at my place etc.  I blogged previously how Edge Security were the worst company in the world to deal with and now they have actually been bought out.

So now I use FortLock Security and the difference is like night and day.  FortLock are generally very very good, so I can recommend them too!

Posted in Davo Tries Again, Property | Leave a comment

Councils Councils Councils

Well they’ve certainly been in the media over the last 24 hours haven’t they?

Whilst driving out to Papakura to check on my property yesterday I happened to tune into 1ZB and heard Leighton Smith talking about the Kaipara Council and the problems going on there.  He expanded on this after the 11:00 news.

Kaipara District Council are the most indebted council in the country, on a per capita basis.

This was also on CloseUp last night.  They interviewed the mayor, he did not come across well at all.  I couldn’t watch it.  He was very much on the defensive and had nothing useful to say, it was to cringe-worthy to watch.

Essentially the ratepayers there are revolting! Lol.  They are undertaking a rate strike.  And unlike many other rates strikes, this one sounds like it might be for real and actually work.

Their rates have risen by an average of 31% this year alone!  This is to pay for all the incompetent (and according to some, illegal) decisions the council have made in putting together their long term plan (LTP) and upgrading infrastructure.

The details of those decisions can be found on Kaipara Concerns and The Workboot Councillor.

And of course the Kaipara people don’t have this to themselves, councils all over the country are going broke and are gouging their ratepayers to get themselves back into a solvent position (whilst maintaining their extravagant ways of course!).

This article in the Herald sums things up pretty plainly:

Mauled: Westfield slams huge rates rise

By Anne Gibson

5:30 AM Tuesday May 1, 2012
Westfield businesses employ about 9000 staff  - but retailers face an average $4583 rates increase. Photo /  Richard Robinson

Westfield businesses employ about 9000 staff – but retailers face an average $4583 rates increase. Photo / Richard Robinson

Big rates rises across Auckland malls owned by Westfield would push its tenants’ charges up 48 per cent on average and the annual rates bill would soar from $11.4 million to $16.9 million, the company says.

Justin Lynch, Westfield (NZ) director, was one of many business chiefs who yesterday decried the Auckland Council’s long-term plan and new charges from July 1, telling how businesses would be hammered, shop staff could be cut and retailers would be forced to take desperate measures to handle the big increases.

Businesses presented submissions to the Auckland Council at the Town Hall yesterday.

Lynch said Westfield businesses employed about 9000 staff yet each Auckland shopping centre retailer faced an average $4583 rates increase.

Mauled no less!  I dunno, councils always say they want businesses, employment, job growth and so on, but they do everything they can to put barriers in the way of these same things occurring.  Essentially you are supposed to tax things that you do not want, thus discouraging them.

But the councils tax businesses who are merely trying to make a buck and happen to employ a lot of people along the way.  So they are taxing the activities they say the want.

So essentially they’re trying to have it both ways.  They want the business growth, the employment and so on BUT they also want the money!

Now if this wasn’t enough, have  a read of these articles on Bob Dey’s site here and here.  Basically an economist called Brian Easton has had a look at the Auckland Council’s long term debt plan and told them it won’t work.  It’s simply not affordable.  It’s optimistic in all sorts of ways and even then still won’t work.  So Auckland Council are going to be in the poo at some point with their creditors simply not being prepared to roll over existing loans let alone advance new funds.

So we have a bunch of councils up an down the country who have spent their way into quagmires.  Whilst hiring more and more staff and paying themselves more and more at every opportunity.  The arrogance is quite stunning.

 

Posted in Council Issues | 1 Comment

Building Levels Slowly Improving

Well it looks like residential building activity is slowly starting to increase.

This article from the Herald has the numbers:

Building consents jump to two year high

11:50 AM Monday Apr 30, 2012
Photo / APN

Photo / APN

New Zealand residential building consents rose to their highest monthly level in two years in March amid growing demand for new housing in Auckland and Christchurch.

Building consents rose by a third to 1,394 worth $415 million in March, excluding volatile apartment figures, Statistics New Zealand said.

That’s the highest monthly number of new consents issued since March 2010. Including apartments, the number of issuance rose 43 percent to 1,559 worth $430 million, the highest total since September 2008.

So this is good for a number of reasons:

  1. It will employ more people, especially young men who are over represented in the unemployment stakes.
  2. It generates all sorts of economic activity.  Just think of all the businesses that depend on building.
  3. It will help alleviate the increases in prices and in rents we’re seeing at the moment.  Which is good for most people, but not so good if you’re an investor I guess!

 

 

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How to Steal a Billion Dollars and Get Away With It

I really enjoy Matt Taibbi’s column.  I’ve linked to it before.

In this article he exasperately explains how if you’re white and rich you can basically steal people’s money and then throw your hands up in in the air and say “I don’t know where it is!” and most likely not serve any jail time.

 

Jon Corzine Is the Original George Zimmerman

POSTED: April 24, 8:37 AM ET

jon corzine
Jon Corzine is sworn in before testifying to the Senate Agriculture, Nutrition and Forestry Committee about the demise and bankruptcy of the company of MF Global.
Chip Somodevilla/Getty Images

So the Senate Banking Committee is beginning hearings today on the MF Global scandal, hearings entitled, “The Collapse of MF Global: Lessons Learned and Policy Implications.” Apparently the government has already moved to the reflective, introspective, South Park-ian, “You know, I learned something today!” stage in its examination of the scandal, despite the fact that the government’s official “response” hasn’t even started yet, i.e. authorities have yet to arrest a single person in this brazen billion-dollar theft story.

To make an obvious comparison: Much like the Trayvon Martin/George Zimmerman case, the outrage here goes beyond the fact of the horrific crime. An equally profound insult in both cases lay in the fact that that serious crime obviously had been committed, and yet authorities refused to act for months. This situation with former Goldman chief and U.S. Senator Jon Corzine and the officials of MF Global involves a less physically savage offense, but the authorities’ refusal to act is every bit as incredible.

Nobody disputes the fact that MF Global officials dipped into customer accounts and took over $1.6 billion of customer money. We not only know that company officials reached into customer accounts, we know they brazenly lied to bondholders, ratings agencies and investors about the firm’s financial condition (“MF Global’s capital and liquidity has never been stronger,” wrote the CFO of MF Global’s holding company, on the same day Moody’s downgraded it to junk status).

Posted in Financial, News | Leave a comment