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Speaker 1: Trouble with change as apart from the fate. We don't

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Speaker 1: like it is. It's essentially bad, and especially bad if

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Speaker 1: we don't know what it is. Now. The good news

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Speaker 1: for real estate this week has being the foreign buyers

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Speaker 1: changes for visa holders of course added to that, and

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Speaker 1: we've had a series of interest rate cuts with more

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Speaker 1: to come. But in a place like Auckland, what do

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Speaker 1: you buy and where see? There's no small amount of

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Speaker 1: anks currently over a new planned unitary plan, to tentification plan,

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Speaker 1: draft plan, call it whatever you want. The new plan

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Speaker 1: came out of the government's idea of having three houses

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Speaker 1: three stories tall on a regular section with no real

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Speaker 1: clearance required. Auckland didn't want that, apparently, so they were

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Speaker 1: and are allowed to make up their own. So the answer,

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Speaker 1: roughly at the moment appears to be high rise and

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Speaker 1: a lot of it around public transport hubs. Q. The

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Speaker 1: outrage Q, the upset, the questions, the heated meetings. Now

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Speaker 1: the new plan must be able to accommodate two million

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Speaker 1: new houses. Doesn't mean they'll actually turn up, but it

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Speaker 1: means to accommodate them. What this does to a real

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Speaker 1: estate market is very simple. It hobbles it, especially at

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Speaker 1: a time when none of the decisions are made or

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Speaker 1: in any sort of what neighborhood is affected? Fair question?

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Speaker 1: What part of that neighborhood? See, we looked at a

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Speaker 1: place the other day currently mixed use, next door being commercial.

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Speaker 1: Could be twenty seven stories tall. It's not currently, but

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Speaker 1: it could be another place, nice view of the harbor

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Speaker 1: apart from the house in front. That could be multi story.

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Speaker 1: It isn't currently, but it could be. You don't look

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Speaker 1: at a house anymore. This is the problem. You don't

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Speaker 1: look at a house anymore. You look at the house

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Speaker 1: next door or behind it, or around it, or down

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Speaker 1: the street. What is it? What could it be? A

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Speaker 1: dunger that's ripe for future trouble, So you don't buy.

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Speaker 1: There's little in life to fire us up more potently

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Speaker 1: than our castle and its environs being meddled with. Making

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Speaker 1: it worse, specifically in a place like Auckland, is the

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Speaker 1: fact that the place has been butchered by clowns. You

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Speaker 1: wouldn't trust these people to run your bar, far less

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Speaker 1: the city. So as we sit and wait and debate

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Speaker 1: and get tense and object and fume and worry, how

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Speaker 1: many people who are about to borrow or spend, or shift,

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Speaker 1: or expand or build in our second guessing themselves and

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Speaker 1: in second guessing, doing nothing. For more from the Mic

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Speaker 1: Asking Breakfast, listen to News Talks at B from six

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Speaker 1: am weekdays, or follow the podcast on iHeartRadio