Chinese “investment” and a commie mayor……

What else did Aucklanders expect?
‘Tens of thousands of Aucklanders are in for a huge shock when they open their latest rates bills in six weeks and discover they have increased by more than $1000.

…The nail-biting decision to endorse the 10-year, $60 billion budget averted a financial crisis which would have required stock exchanges in NZ, Singapore and Switzerland being informed, a likely downgrade of the council’s credit rating and the possibility of the Government replacing the council with commissioners..’

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12 Responses to Chinese “investment” and a commie mayor……

  1. PC says:

    “a likely downgrade of the council’s credit rating”

    You say that like it would be a bad thing. At least then the bastards would have to try to live within their means and not put it all on the credit card … like the rest of us.

    • KG says:

      I don’t say it like it would be a bad thing, PC. Not at all. I agree with your point.

  2. PC says:

    I typed that with a smirk.http://falfn.com/CrusaderRabbit/wp-content/plugins/wp-monalisa/icons/wpml_wink.gif

  3. You can find out how much your rates are rising at the bottom of this article. Mine are going up by 14.9%:

    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11471241

    • KG says:

      8O 14.9% !!!!!

      • @#$%^&*!!! The value of our house has been rising $80k a year so I dread to think what rates bill is going to look like.

        • Darin says:

          And I am assuming if you decided to sell and move to a lower valued market you would catch it in the neck with taxes on your home value gains?

          Of course looking at some of the prices paid on NZ real estate brokerage sites you might consider slapping a coat of paint and a $multi-million asking price on it and see what happens.The Chinese seem to have money to burn

  4. The Gantt Guy says:

    Aucklanders, in electing Len Brown to the mayoralty for a second term, have proved they are no more or less stupid than so many Americans.

    What did we expect, indeed? We knew he was a profligate, spend-thrift corruptocrat.

    I’ve heard the entire council should be sacked and replaced by government-appointed Commissioners. Yet, this is the government that is borrowing so much that the interest alone costs us $65 million per month, while increasing welfare payments and spending $300 million on cycle-paths.

    The problem is that Auckland, like the rest of New Zealand, is that thing Mark Levin constantly warns of: an elective tyranny. There is no Direct Democracy, and no power of recall.

    We’re fucked.

    • KG says:

      Yep. And still, so many Kiwis just don’t get it.
      Mind you, if you’re one of those bureaucrats on a fat salary, why would you?

      • The Gantt Guy says:

        Exactly. People in my field are falling over themselves to get gigs at council. Shorter hours, less pressure and an average 20% premium added to their daily rates over the private sector.

        Short-sighted a-holes are the same ones who are the first to complain about their rates bills going up!