In the light of the Opal Tower, and other problem buildings, property expert Joe Wilkes and I discussed the underlying drivers of these issues, in the light of his recent trip to Auckland and the New Zealand economy.
It seems when short term “value creation” (= Greed?) is king, standards, amenity value and community all go out of the window.
And the main stream “housing shortage” story does not help!
Time for a new path.
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Caveat Emptor! Note: this is NOT financial or property advice!!
– I think the poor building quality is the result of A LOT OF individual reasons. E.g. privatisation of certification was very convenient for government (s) because that would allow to cut their expenses.