The property industry hates Auckland’s compact city dream. The loathing is substantial.
There are a few players who like the compact city idea – but those people have more to gain from restricted supply that boosts the value and demand for their investments.
And there are the gravy train troughers who sit on committees and feel important and cherished. They like the idea too. But they are mostly consultants.
The rest of the property industry thinks the compact city sucks. It’s like dog poo on their shoes.
Partly the loathing is universally influenced by the seething hatred that the property industry has for planners and the processing hoards of hairy-foot hobbits in the Council organisation. These meddlers and haters of the world cause mayhem and angst 24/7 for the property industry with slow processing, crap decisions and constant niggle.
But the compact city is the incongruous icing on the cake. Read more »