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Ultimate Geek
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Topic # 223181 17-Sep-2017 20:17
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I see even the Asians are struggling to get going today. 


Maybe it is time to rename this pathetic TV series to Asian Property Bargain Hunters.


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  Reply # 1867683 17-Sep-2017 20:40
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How many average Aucklanders can drop 1.3mil on a 3 bedroom house.




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  Reply # 1867684 17-Sep-2017 20:43
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Looks like they have been overvalued for the current market. Huge pricing though for a terraced 3 leveled flat.

 
 
 
 


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Ultimate Geek
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  Reply # 1867686 17-Sep-2017 20:50
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Looks like the reserve prices have been set way too high.

 

I feel sorry for these poor people who quilted jobs etc for an opportunity to be on the block. I'm sure though that they would have been aware of the risks before signing up.


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  Reply # 1867688 17-Sep-2017 20:54
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What a slow motion live train wreck.

 

This is surely all the evidence you need that the Auckland property market turned months ago.

 

 


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  Reply # 1867691 17-Sep-2017 21:09
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Yea can't believe they had valued what I would call "units" at $1M+

 

And just painful live TV.


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  Reply # 1867692 17-Sep-2017 21:09
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Uncool with how this went, terribly unfair for Stace and Yanita that house number 2 was allowed to come back on for another auction after it had not sold.


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Master Geek
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  Reply # 1867695 17-Sep-2017 21:33
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Feel so sorry fro Steak and Cheese. Thinking they had won $100k only to have it snatched away. 

 

The auction was past in so should be allowed to re-start like that.





 

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  Reply # 1867696 17-Sep-2017 21:36
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As far as the script was concerned, that was the case. The race was down to 3.

 

And it could have sold in 'negotiation' but only pocket the profit.

 

 

 

And yet, negotiation apparently means lower the reserve, re-market now that its an exclusive item left out and gain from it. All the while being forced to do so quickly or face penalties for running overtime on the live timeslot due to the slow ass auctioneer not being forcefull (makes tv better to sell em) early on..


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  Reply # 1867736 18-Sep-2017 06:12
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Well over priced, mostly poorly built units. Oh and they are ugly from the outside, no privacy when climbing into your hot tub.

 

Oh and has anyone else been down Potter Ave? It is a dive.

 

Feel for the teams, although I do believe they get paid a wage while they are on the block.


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  Reply # 1867795 18-Sep-2017 08:43
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I think this season of The Block has been the worst of the six they have done.

 

It was painful and horrible TV, and generally I quite enjoy the show. This time, all the teams could even do was painting.

 

Personalities on the show were not great, and I thought the judging was pretty naff. Hopefully the producers go away and fix the issues this season had (strategic voting got shown up to be stupid, though I'm sure it is encouraged to provide 'drama' for TV).

 

Plus, whoever though a good time to Auction 4 'premium' homes in Auckland was a week before an election - doesn't take a crystal ball to know that house sales slow down in the run-up to an election.

 

Another plus - did the same buyer buy 2 or 3 of the houses?


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  Reply # 1867812 18-Sep-2017 09:05
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trig42:

 

Plus, whoever though a good time to Auction 4 'premium' homes in Auckland was a week before an election - doesn't take a crystal ball to know that house sales slow down in the run-up to an election.

 

 

I thought about this too, but then I figured after the election could end up even worse.


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  Reply # 1867856 18-Sep-2017 09:54
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They didn't even have code of compliance from the Council, so I believe that limited them to Cash-only buyers?

 

 

 

Furthermore, in relation to the reserves, after all was said and done, surely you can't look the contestants in the eye and say that Warner Bros didn't profit handsomely from the 4.3~ million dollars it gained from the sales, surely with the sweetheart deals offered with the suppliers etc that they made a fair mint from these shows.

 

I also wonder if they didn't jack up the Reserves to ensure they made as much profit as possible, while shafting the contestants further. 

 

The whole thing just stinks. 


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  Reply # 1867876 18-Sep-2017 10:23
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This may be taking it a bit far.

 

https://givealittle.co.nz/cause/lingandzing

 

But then us Kiwis are a generous bunch, so nothing wrong with putting in a donation towards these fellas.


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  Reply # 1867922 18-Sep-2017 10:57
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tehgerbil:

 

They didn't even have code of compliance from the Council, so I believe that limited them to Cash-only buyers?

 

 

 

Furthermore, in relation to the reserves, after all was said and done, surely you can't look the contestants in the eye and say that Warner Bros didn't profit handsomely from the 4.3~ million dollars it gained from the sales, surely with the sweetheart deals offered with the suppliers etc that they made a fair mint from these shows.

 

I also wonder if they didn't jack up the Reserves to ensure they made as much profit as possible, while shafting the contestants further. 

 

The whole thing just stinks. 

 

 

 

 

^This.

 

No code compliance = no bank loan. Cash buyers only.  TV3/Mediaworks did an epic fail job on this season.  House auctions in a slumping market the week before an election with limited exposure (no open homes) and in circumstances where the buyer had to have cash on hand.  Result should have been quite obvious.  Poor decision making all season.  ...and don't get me started on the 2nd auction debacle, not sad teh boy's won, just the way it happened.  Steak and cheese should get a lawyer I reckon.      





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  Reply # 1867928 18-Sep-2017 11:09
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The thing gets most people confused is thinking that these shows are actually contests, and that the rules are in any way enforceable or fair.

 

It is a TV programme, it exists to create ratings so that the appropriate demographic's eyeballs will be pointed at the sponsors' advertising.

 

If the producers think that changing or ignoring a rule will improve the ratings, they won't think twice.

 

I'm also reasonably sure that behind the scenes the runners up will have been taken care of by the producers. Even if not, they won't have any legal legs to stand on, as they will have signed contracts that waive any rights.

 

Friends of mine were the losing 'contestants' in one series of Dream Home, the judges ignored rules when it suited them to award a win for the team they wanted to win. The winning team won their house, the losing team had the chance to buy theirs. Unknown to the public, the producers paid half of their mortgage, so they still came out of the show happy. They also lived in their dream home for about 10 years when the winners sold theirs after less than 12 months.


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