TonyT1961 wrote:My only comment would be to define "recovery".
It's basically impossible as outlined by previous posters. What works for someone wont work for someone else.
Its going to take a long time for EQC to get to everyone but now that the areas have been defined into zones, I think that things will move along a lot faster.
As far as the CBD goes, I'm not too sure what the perceived problems are there. There are a lot of buildings coming down before anything can go up.
Do people actually realise how massive the task is?
Average house price/GV in the east is $325,000
Govt pays out GV to red zoners
Average price for section currently $210,000 (none avaliable tho except in Sumner/Mt Pleasant )
Build an average 3 bed home on it for $250,000 as all avaliable houses for sale are sold. Nothing to rent
$20,000 min for driveways/lanscaping etc.
No bastards gonna be able to go into town shopping with an extra $150 odd K on the mortgage. There will probably be even less shoppers/disposable income than before so why bother. Get the cranes and diggers out of the CBD and out making subdivisions.
Blunt I know, but you get the point.