First home buyers
The problem facing first-home buyers was finally addressed by Mayor Jim Mylchreest in your paper on Saturday September 9. It is the industry who dictated the market, he says. It only wants bigger and more expensive but why?
Firstly , it is the developer who creates the new subdivision and sells the sections. That is all fine. But who are the buyers? They are franchise holders who are buying 10 sections at the same time.
But how can they afford 10 sections at $250,000 to $300,000, which is $ 2.5 to $3 million? They buy under builders terms which is a 10% deposit with the balance due on sale of the property. So they buy 10 sections for the price of one. Then they sell off the plan with a deposit upfront.
Up to there, all fine. Now a young couple wants to buy a new home and dad is an electrician, the father-in-law makes kitchens and the young man himself is a painter. Not one franchise holder will sell you a new home where you can supply your own kitchen, paint your own house and dad supplies the electrical. They have their own suppliers so they can charge a mark-up for each subcontractor. Further more, you pay 15% minimum franchise fees for the plans, the same plans as your friends or their neighbours.
So that leaves us with the following options. 1. The couple buys an older home and, with the help of family, upgrade this after work and on Saturdays. Well done. They decide to sell the house and make the next step. They want to buy a better home, start a family and with the profit can do so. No says Labour, you made a profit and should pay capital gains tax. But we worked at night and on Saturdays.
Option 2. Buy your own section in a new subdivision, choose your own builder under your terms. Only this can be done, Mr. Mylchreest if your council gives resource consent to developers who have to put, for example 50% of section on the open market.
Ma¯ori language would be protected at the time of the Treaty of Waitangi.
Ma¯ori language was declared an official language of New Zealand in 1987. It’s a shame that 30 years on you can still find poorly trained teachers teaching their classes to mispronounce Ma¯ori words. Taxpayers’ money is being wasted paying these teachers for teaching gibberish.
The teaching of mispronounced Ma¯ori is dangerous because it sows the seeds for racism. It forms a barrier to understanding between the cultures. When Ma¯ori have their names mispronounced they feel they are being put down. Worse still, many have been forced to adopt Pa¯keha¯ names just so they can be fairly treated. Correct Ma¯ori pronunciation can be taught in the same time it takes to teach the false pronunciation but the difference is that correct Ma¯ori pronunciation can be universally applied and provides the words with sensible meaning. The Education Ministry is derelict in its duty to the people of New Zealand.