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The list [of 353 properties], obtained under the Official Information Act, totals more than $330 million in capital value and consists of 353 sites.
It includes government buildings, reserve land, commercial property, undeveloped sections and homes – all of which can be compulsorily bought by the Government at standard market rates and included in a Treaty of Waitangi claim settlement
$50 says this goes nowhere after we get a gummint.
its all very well giving "them" a bunch of taxpayer money, but gnikcuf coming along and taking your HOUSE?
Itll be enough to get even the trendy leftyist Green voting, parsnip wine drinking wellington socialist sitting on the porch with their hound dogs, polishing the shotgun and muttering "Let 'em come TRY and take it"
They bought the properties knowing full well there was a moratorium on them, plus its very very unlikely that it will come down to the crown actually purchasing the properties.... ho hum.
They bought the properties knowing full well there was a moratorium on them, plus its very very unlikely that it will come down to the crown actually purchasing the properties.... ho hum.
sounds like, if you read the article in the dompost, that private property is a last resort and used as a bargaining chip anyway. probably drives up cash settlement price. I think the market should be allowed to work and rather than subsidising people in khandallah who knew their properties were up for grabs cos it is on their title they should just give the places up. the market is about information and they had it.
They bought the properties knowing full well there was a moratorium on them, plus its very very unlikely that it will come down to the crown actually purchasing the properties.... ho hum.
sounds like, if you read the article in the dompost, that private property is a last resort and used as a bargaining chip anyway. probably drives up cash settlement price. I think the market should be allowed to work and rather than subsidising people in khandallah who knew their properties were up for grabs cos it is on their title they should just give the places up. the market is about information and they had it.
Joined: Aug 15, 2003 Posts: 16,717 Location: Opawa
Posted: Fri 30/Sep/05 8:29am Post subject:
phunk wrote:
They bought the properties knowing full well there was a moratorium on them, plus its very very unlikely that it will come down to the crown actually purchasing the properties.... ho hum.
it's standard negotiating proceedure, Figure out what you want, then ask for double, then settle for something in the middle.
I fail to see how giving them $300 odd million will make any difference to the average Moari.
Joined: Apr 10, 2002 Posts: 10,326 Location: Talos IV
Posted: Fri 30/Sep/05 9:18am Post subject:
Spacemonkey wrote:
Well as i got my placce for 50k below the GV I wounldn't object to be honnest....
faaaark is the market really that much in the toilet up there? or did you have a really motivated seller for some reason? or is it a "fixer upper"?
I watch it pretty closely here, and depending on the price bracket property values have held up pretty well here. No screaming bargains. some stuff selling slightly under 04 GV's. but most still over.
my vulture fund will start in wellingtron it seems.
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