Thursday, June 23, 2011

Has Gerry Got A Deal For You!!! Updated

...if you are one of the lucky 5,000 housing lotto winners announced today.

An examination of median house prices in Christchurch is revealing.

In November 2007 the median house price for sales in Christchurch was around $340,000, with just over 1,000 houses sold in that month. It is 2007 values which will be paid out to the 5,000.

The median price then tumbled to around $310,000 a year later with less than 500 sales for the month.

The price recovered and moved to around $325,000 just before the first quake but there were only 400 sales in the month before the quake and 250 sales the month after.

Adolf's advice to Christchurch house owners is simple.

Don't look a gift horse in the mouth. You're getting a bonus from the tax payer of probably twenty grand each - and I don't begrudge you a penny of it.

Updated - just for Gantt, Manolo and Big Bruv

Did you see what a wonderful job John Key did today feeding the five thousand? Give a good man a few loaves and fishes and you never know what miracles he'll perform.


Anonymous said...

Shh, don't tell anyone but even fans like me don't think he can walk on water.

But turning water into wine - that's a possibility :)

Lindsay Addie said...

I think the Govt package is fair and on the right track. I'm getting sick and tired of some media outlets who have nothing better to do than piss all over the whiners.

Anonymous said...

I think your hype is no better than the pinko's moaning really. Many will be happy with this but it appears that the best you achieve is the outcome that would be achieved had a destroyed house been replaced on its existing site. Therefore, this isn't really a bonus for most - its a pragmatic response, generally within the terms of EQC and insurance contracts, to a disaster. That's not lotto.

Since you deviated into the Bible (sort of) your last paragraph made me think of Daniel Ch 5. You don't tug on Superman's cape etc...

Adolf Fiinkensein said...

Anon, it IS Lotto when you get paid out $20k over the odds. It's an unexpected bonus.

Even the Herald editorialist agrees with that view.