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If you wanted to relocate in New Zealand you’re outta luck!

(HOMEOWNERSHIP) If you were planning on taking that retirement egg to become a kiwi, you’re out of luck — New Zealand is changing their ownership laws.

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The time to resettle as a Kiwi has come and gone, well for foreigners at least. As a part of her new policies, Prime Minister elect Jacinda Ardern plans to ban foreigners from buying property in New Zealand.

The recently elected Ardern is the youngest female leader of a developed economy in the world. In fact, she is the youngest Prime Minister of New Zealand in the last 150 years. Following in the footsteps of other young leaders like Canada’s Justin Trudeau, Ardern is focusing on progressive policies.

She ran on a campaign dedicated to creating new jobs, improving regional development, reducing inequalities and cutting immigration. That last point comes into play when it comes to her outlined goals for New Zealand’s housing issues.

Banning foreigners from buying property may sound like a harsh law, but the government thinks of it as putting their citizens first. The policy was made to stop the rising housing prices, and instead focus on affordable housing for New Zealand residents.

The new plan was announced as talks of a coalition between the New Zealand First and Labour parties are underway.

“We have agreed on banning the purchase of existing homes by foreign buyers,” said Ardern last week. New Zealand First Deputy Prime Minister Winston Peters is in favor of entering into a coalition and officially announced his support for a Labour New Zealand government after Ardern was elected in September.

Peters also backs the new housing policies. “New Zealand is no longer for sale,” is Peters’ motto. Moving forward he intends to take the New Zealand First party beyond the status quo.

Both Peters and Ardern are adamant on protecting affordable housing for the citizens of their country. In her campaign, Ardern proclaimed the capitalism of the past a “blatant failure.”

The new policies agreed upon by both parties send a clear signal to the world that New Zealand is changing, and a unified government will be less lenient on issues that were overlooked in the past. Both Peters and Ardern believe that this stern step will make everyone in the world recognize that.

Natalie is a Staff Writer at The Real Daily and co-founded an Austin creative magazine called Almost Real Things. When she is not writing, she spends her time making art, teaching painting classes and confusing people. In addition to pursuing a writing career, Natalie plans on getting her MFA to become a Professor of Fine Art.

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Homeownership

Hemp could be the next sustainable building material to catch on

(REAL ESTATE) Hemp has been introduced as a building material after becoming legal to grow in America, but will it be the next popular green building material?

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Although mud and daub type building structures date back thousands of years, interest in concrete made from plant materials has increased due to the interest in sustainable architecture.

Research into more sustainable buildings materials have led to the development of bio-composite concrete of hemp and lime, which has been registered in the United States as Tradical Hempcrete® by American Lime Technology Products company.

This green product is also sold as precast walls with structural framing. The hemp lime product alone had issues with fire safety, rotting under wet conditions, and the lack of ability to perform as a standalone structure due to its poor load-bearing qualities.

Different framing structures have been introduced worldwide to improve the capacity of the building material to be used in larger buildings, although ironically these high rise buildings have been found to be less energy efficient which seems to defeat the purpose of green building.

Hemp or bamboo stalks as the structural frame combined with the hemp/lime concrete mixture are the currently preferred construction materials, and are used by companies such as Hemp Architecture in England, described in an Architectural Review article on alternative building materials.

Growing hemp for construction purposes was never criminalized in in Europe, and hemp-constructed homes as well as businesses have flourished in France and the United Kingdom
Other building projects have continued in the United States, though custom homes using hemp based products such as James Savage’s home in Stuveysant, NY are the exception rather than the rule.

The main impasse to American hemp-based construction was growing hemp was not legal in the United States until recently, and the majority of hemp construction products are imported from Canada. Although these products are fire and pest resistant, as well as economically friendly, the main appeal may be the appeal of the drug culture stigma more than the practicality of the building materials.

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Homeownership

The Granny Pod could be the alternative to nursing homes (and why people will soon demand bigger back yards)

The Granny Pod looks like a guest house and sits conveniently in any backyard – they plug right up to existing plumbing and electrical and allow both caregiver and senior to have their own space while remaining connected.

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I’ve spent most of my life living everywhere but the United States, and from what I’ve seen in other cultures, when couples tie the knot parents come with the marriage! That doesn’t necessarily mean the parents live with the kids (although I’ve seen that in countries like Japan, Korea, and Turkey), but I feel safe saying that it’s a given the kids will taken in/take on/take over their ailing parents at some point in said parent’s lives (Italy for example).

I’m not sure the US is set up that way. The big business of senior living facilities and nursing homes tells me otherwise.

But that might be changing thanks to the Granny Pod and similar mono-living facilities that can be installed in a person’s backyard (which is why we suspect people may demanding bigger back yards in coming years).

Close, but not TOO close

MedCottages or “Granny Pods” seem to be a viable solution for taking care of elderly family members without giving up the independence Americans put so much emphasis on.

A recent story explains that Reverend Ken Dupin created the MedCottage as an alternative to nursing homes, as 78 million baby boomers head toward retirement.

These 12 feet by 24 feet pods can sit conveniently in any backyard and plug right up to one’s existing plumbing and electrical. The pods allow both caregiver and senior to have their own space while remaining connected.

Retiree support for Granny Pods

For its part, AARP, the lobbying group for aging Americans, has gone on record to assert that local zoning laws pose one of the biggest obstacles to making such dwellings a practical solution to caring for aging family members in what it calls “accessory dwelling units.”

AARP spokesperson, Nancy Thompson said “the MedCottage has some of the features the organization advocates in accessory dwelling units, but not all of the universal design features that could be useful for people of all ages.” She does add that it’s a step in the right direction for accessory dwelling units.

No more condo fees

I’m no social worker, but studies bear out that human contact is vital as we grow older. Even in a worst case scenario (when an individual living in a nursing home is alone in their room for much of the day), they at least meet other patrons at lunch or dinner, and at whatever social outings are plugged into a daily schedule. For all the close circuitry and monitoring the Granny Pod offers, I don’t know if it takes the place of human contact, so hopefully families will remember the ties that bind them and do more than just monitor a screen to see if Granny is okay.

Another benefit of the Granny Pod is that once it’s paid for and installed, that’s it – no more monthly rent or condo fees that can deplete a retiree’s resources.

Granny Pod starting a movement

According to the Washington Post, other companies seeking to make similar structures are Seattle-based FabCab (whose name comes from Fabulous Cabin), and San Francisco-based Larson Shores Architects, which designs what it calls “Architectural Solutions for the Aging Population,” or ASAP, and its “Inspired In-Law” dwellings” demonstrates that assisted living facilities aren’t the only item on the menu.

As this type of structure catches on, it may threaten nursing homes and even retirement condo villages, and could influence the sizes of yards builders offer in coming years. Industry practitioners should be aware of the trend, and be able to offer this type of setup to clients who are actively considering options for their parents (the solution may just be a bigger back yard).

#GrannyPods

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Homeownership

Real estate association launches impactful video – I’m not crying, you are

(HOMEOWNERSHIP) The dream of owning a home is under assault – one real estate association has launched a massive awareness campaign that is truly meaningful.

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The Ontario Real Estate Association (OREA) has launched a new site, KeepTheDreamAlive.ca to lobby locals to “keep the dream of home ownership alive.”

America is not the only nation with diminishing affordability conditions, rising prices, and limited inventory. No, Canada is experiencing a similar market, and OREA is taking action to make sure those people hoping to own have the chance to do so.

“Millennials want to own homes but it’s never been tougher to achieve,” the organization notes. “Rising home prices have pushed home ownership out of reach. All their hard work and saving just isn’t enough to compete with rising prices.”

The KeepTheDreamAlive.ca site offers homeownership statistics and makes it easy to email their candidate to express the importance of the dream of ownership.

The video is moving. Prior to watching, we assumed it was another feel-good video about how neat homeownership, but to end it in broken dreams is more realistic than what you’ll see here in America.

We hope that changes. In America, the National Association of Realtors (NAR) is extremely realistic with data and they have long been very vocal on people being squeezed out of the market. And the major real estate sites paint a sunny picture of home searching and making the dream come true, but none reach as far as OREA has, to express that homeownership is simply out of reach for otherwise qualified people.

Send a link to this story to your local and state Associations as they consider their plans for marketing outreach next year. Perhaps it’s time to empower local homeowners to contact their representatives, lest they remain unaware of the big picture.

While NAR has repeatedly noted that three things will alleviate the pressure on the market (investors putting inventory on the market, builders stepping up production, and more current homeowners opting to sell), overall awareness that homeownership is out of reach for many can put a spotlight on these conditions in each market.

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