Te Wai Pounamu / South Island

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Selwyn residents fighting for homes after being told they need to leave them by 2039 (www.rnz.co.nz)

submitted 6 months ago by [email protected] to c/[email protected]

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Residents of a small Selwyn community say they will keep fighting to save their homes after being told they must vacate them by 2039.

The district council last month voted to confirm the eviction of the entire Upper Selwyn Huts settlement on the shores of Lake Ellesmere because of the impact of climate change.

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[–] [email protected] 4 points 6 months ago (2 children)

Situations where you don't own the land under your home are always a bit messy, in my view.

[–] [email protected] 5 points 6 months ago

Yeah, though I think typically leasehold is on long terms (like 100 years). If you build a house at the start of that 100 years you get your money's worth. But if the 100 years is ending in 5 or 10 years, you'd be pretty careful about what you spent on the place.

[–] [email protected] 2 points 6 months ago

The major problem with lease hold, is that picking up a house and moving it to a new lease is extremely difficult and expensive or just impossible. Unless your house is a transportable by design.

So when the lease holder decides to increase the cost of the lease (usually by a lot), you are effectively trapped.

Contrast that with leasing a building for a business, if the lease holder decides to increase you lease, you can just move your business....it may be difficult and expensive but it is never impossible.