30
Jan 18

State Houses on Hapua YIMBY

Re this article: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11981063

It’s the land stupid that’s worth the money! Also not sure what the NZHerald reporter was gunning for with tenant saying its bullsh*t  – probably just headline grabbing. Here’s my thinking:

Tenant has clearly said if it was his choice he wouldn’t live there. Good, after 37 years its time to embrace change so a move out is in order, or if that is a problem, temporarily move him and move him back once a new small home is built.

Then redevelop the section into more state houses. If the section next door is HNZ (there were a few on Hapua) then combine them and develop more state houses. Make it tenure neutral – but doesn’t need to be extravagant, just don’t completely disregard the neighbors.

Then, and here’s the big point: select new HNZ tenants based not on the parents issues that caused them to need a state house in the first place, not on their place in the queue BUT on their kids potential to excel in a new environment where most people around them are not in a gang. Kids will go to very middle class Victoria Ave School and Auckland Grammar or Epsom Girls as of right, rather than say – because of rugby.

Let’s turn say one or two state houses into say 6 to 8 terrace houses, hey even sell a couple to help fund it. That means you could end up with 2 or 3 John Keys and 2 or 3 Jacindas in the making.

Now HNZ will already know exactly what to do on this site and probably plans drawn up, possibly pending a board approval – but I say just do it.  Move the bulldozer in now!

If its good enough for Meadowbank then its good enough for Hapua. Mixed tenure at its best should not leave so called exclusive neighborhoods alone.

Disclaimer: I used to work at HNZ and I live very close! YIMBY

 

Cheers

Andrew Crosby

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27
Jan 18

Development Failures and the Future

Into my third and fourth books now. Trying to get one finished in late 2018 but I doubt it, so lets say both in  2019.

One is very practical, but also very boring to write so I struggle to keep the motivation up on it – Trademe property listings and LinkedIn are simply too fewer clicks away diverting my attention.

Basically, the boring book is everything I have absorbed over the years on how to deal with a project that has previously failed, resurrect it and make a profit! Every developer with any volume of experience leaves failed projects in their wake in search of the elusive successful ones – so I have seen my fair share. Many development projects started life out as failures anyway so this book really just builds upon my first book ‘House, Land, Love & Money’. The content is completely different though and in this book I go into depth about project audits, risk management, value engineering, damage control, cleaning any mess up, re-calibrating the opportunity, decision making, implementing change and that sort of thing. Working title is “From Failure to Finish Line’.

The other is a futurist focussed book. It is certainly enjoyable to research and hopefully the way I am presenting it (fictional stories) will make it a good read. It is also a great self educate tool as I am forced to learn everything I can about what is or could be about to hit the real estate and construction industries. I find writing about something means you have to understand it better and have a good think about practical implementation. Out of this process I’m hoping to find some real nuggets that could benefit my day job as well…(relax everyone, we wont be changing anything, for changes sake…).

Well, I better get back into it otherwise it will be 2020 already and I will be writing about the past.

Cheers

Andrew Crosby

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21
Jan 18

Property Development Course 2nd half 2018

Just signed on for another year to deliver the property development course at Unitec in Auckland. It’s held over two weekends and many professionals and contractors typically attend.

More information at www.developmentprofit.com 

unitec

 

Cheers

Andrew Crosby

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14
Jan 18

DevelopmentProfit.com Launch Party

Here it is: the official launch of developmentprofit.com

The official launch party starts at 5pm today. My apologies to all whose invitation got lost in the mail.

The guest list consists of me,  the entire aenspire team, Cros, all the family not on the beach at Mt Maunganui right now (i.e. they are ALL on the beach and I’m in Auckland on a beautiful hot sunny day, sitting inside on my computer!), Andrew, AJ, myself, I and a cat called Rio. Catering will be lambchops and beer (and Whiskas for the feline if she bothers to show up). Dress code is Hawaiian shirt, shorts, jandals. A full nights entertainment will be provided at the park – viewed from the front steps no less – courtesy of NZTA and angry returning holiday making traffic jam inducing SUV’s, Parnell cricket club and casual strollers or budding athletes still trying to work off Christmas dinner.

UPDATE 8.30pm: The cat made it!

launch

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14
Jan 18

Why no post?

So, why have I not posted for 18 months?

Well a couple of things:

1. I changed roles in 2017, I am now Vice General Manager at Universal homes. This will be a challenging role but with a great team close to 100. We develop and build homes in the affordable to mid price range (that’s over $1m folks!) in great locations currently in Auckland. The mandate from the board is growth, and that’s why I am here. We have about 300 homes under construction in about a dozen projects across town. We also just went unconditional on the land for a billion dollar project, that will deliver over 1000 homes itself. Needless to say I had plenty to do prior to that at Equinox as well as the first 100 days at Universal as well.

2. All my spare time energies went into finishing the property development book, that’s been hanging around in my head for over a decade now. I found that writing the blog was distracting me (temporarily), just like LinkedIn posts!  And I was sick of spending the nights and weekends, Siberian salt mine style, working the book to a conclusion. The good news is she is done.  And just to boot, because it is so boring (a how to, foundations of house and land development book devoid of anything remotely comedic), I decided to write another one. Yes, completely opposite, more of a quotes and metaphors and interesting (to me at least) factoids with a few opinions thrown in. Not expecting them to make the NY Times best sellers list, but at least my mind can be free again. Both of these are now for sale on Amazon.

As Safe as Houses (the weird, not sure why I wrote it, why anyone would want to read it or where it’s going one)

House, Land, Love & Money (the boring one, about making profit in house and land development, the nuts and bolts as I have experienced it).

 

That’s all. What does that mean for future posts – I am not sure. But with 120,000 words out of the way who knows whats next.