The red zone deal

The Government red zone payouts have started to arrive and a new deal for Kaiapoi residents was announced last week. What is the red zone deal? For people living in Christchurch and surrounds with severely damaged homes and land, the Government is going to buy the entire property including land for the value of the 2007 Government valuation. It sounds like a great deal to me but people are complaining about it. We sold our house in Christchurch just over a week ago for a price significantly below our Government valuation. About $100,000 less to be precise. We have since moved to Auckland where property prices are almost prohibitive. (I don’t choose to live here but this is where my husband got a job) If we had been given the red-zone deal we’d be laughing. So what are they complaining about?