If I’m elected mayor, I will increase rates by 50% every year on any derelict or empty central city property. I’m including gravel parking lots in that.
this post was submitted on 26 Aug 2023
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Te Wai Pounamu / South Island
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The land owner will be bankrupt and end up in jail because of debt owed to the council. Then I guess the land can be confiscated by the city and the city can do whatever it wants with it.
Good plan to confiscate property people.
Hey, now you're talking
I think you'd really enjoy living in China or Russia or North Korea.
Or more likely they’ll sell it in a hurry to a developer who wants to - ya know - develop it. Why the media keeps calling these shameless landbankers “developers” is beyond me.
Still fighting insurance? Too bad, it’s been more than 10 years. I’m sick of living in a half-finished city.
Why would anybody buy it? For whatever reason it's not profitable to build on and now you are going to be millions and millions of debt as every year your rates go up astronomically.
Still fighting insurance? Too bad, it’s been more than 10 years. I’m sick of living in a half-finished city.
Do you really think confiscating land is going to solve this issue?
It’s not that it wouldn’t be profitable to build on it. It’s that it’s more profitable not to build on it.
How would you incentivise these owners to fix their hideous eyesore properties? The carrot approach clearly hasn’t worked, so I think its time for the stick.
It’s not that it wouldn’t be profitable to build on it. It’s that it’s more profitable not to build on it.
Why do you say that? What's the profit in parking your boat on a piece of land?
How would you incentivise these owners to fix their hideous eyesore properties?
I don't know. How about we round them up and put them in jail? How about public hangings? How about we flog them in the town square?
I mean why do people need to be punished and hurt because they don't use their property the way you want them to? Why can't we just leave people alone FFS!
I can't stand this attitude. Let's hurt people because they don't act like I want them to! It's fucking sadistic.
If the owner knows the value of the land is just gonna keep going up with no additional effort on their part, why spend the money to build anything on it? May as well just sit on it with the eventual promise of a fat untaxed capital gain. This is how land banking works.
People need to be punished because it’s been over ten years and as I look out my office window right now I can see two derelict decaying buildings and two enormous empty gravel lots. You’re really happy for our central city to remain half-finished indefinitely? It’s a national embarrassment that we haven’t managed to rebuild the city yet.
If the owner knows the value of the land is just gonna keep going up with no additional effort on their part, why spend the money to build anything on it?
First of all doesn't the value of land go up every year even he does put something on it? Wouldn't it go up even more if it there was something on it?
Secondly why do you want to punish the owner just because land values go up.
What are you going to do to make the value of the land go down anyway?
People need to be punished because it’s been over ten years and as I look out my office window right now I can see two derelict decaying buildings and two enormous empty gravel lots.
I don't think people should be punished because of your feelings though.
You’re really happy for our central city to remain half-finished indefinitely?
If that's the price of freedom then yes.
It’s a national embarrassment that we haven’t managed to rebuild the city yet
I could go on and on about national embarrassments in this country. You think empty lots are an embarrassment? Take a look at the buildings in most cities, take a look at most houses FFS. Leaky, poorly insulated, mouldy, run down, fragile buildings as far as the eye can see.
This is an issue in Wellington as well, we have a few buildings of dubious "heritage" value, that cannot be torn down, as well as a few where the owner just seems unwilling to do anything with them.
It's really holding us back as well.
You can't say it's bad until you've seen the mansion on Riccarton Road here in Christchurch. It's been gutted by arson, but it's still "heritage" lol. It's owned by a bank or investment firm or something. It should be knocked down and turned into apartments, with restaurants and shops on the lower level.
Yeah, the last time I was in Christchurch was a few years ago now, and they had a number of empty lots in the CBD still, as well as a rotting pile of stone in the middle of the city.
Hopefully those building owners are paying full commercial rates on those properties.