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That could be a very good article. Exposé on the politicians housing investments. Then everyone in the country would know why they are being steered on a path to financial obliteration. But it would take a journalist with some "big kahonies". Gauntlet has now...
by: notch on: RBNZ goes with banks' 'preferred' LVR cap approach
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Stephen Hulme: Banks. Collection Plates. I've said it before. At least 3 times. I'll keep repeating it. I would get Hugo Chavez to do a Lazarus, get him down here and fix the banks. In the meantime until he freshens up and gets down here I would charge each bank an annual licence fee of $...
by: iconoclast on: Monday's Top 10 with NZ Mint
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People who own their own home are more engaged and more invested in their community. Home ownership should be encouraged over investor ownership and there are many who would love to own their own home and would if they were sensibly priced. Of course supply needs to be addressed but...
by: Julz on: Curbs on foreign housing investment?
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In Auckland next year the new CV's will come out - these 2014 CV figures will be at least 30% to 40% up on 2011 and up will go the rates bills, followed by rent increases. The government, EQC and insurance companies have done quite nicely out of the CV system in Christchurch.
by: bigblue on: Let's get rid of property CVs
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When was the last nz govt to really care for young kiwis? Somewhere in the distant past. It's a bloody disgrace that the country is being raped and pillaged by foreign interests at the expense of young kiwis
by: Matt in Auck on: Curbs on foreign housing investment?
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Most people would considered those of us who are wealthy to be the "privileged" If it eases your conscience though you can consider the beneficiaries renting a damp unhealthy home in a high crime area surrounded by decile 10 schools as being the ones that are privileged. I...
by: Julz on: Curbs on foreign housing investment?
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Wolly - many of the pollies and the councillors are heavily invested into real estate!
by: bigblue on: RBNZ goes with banks' 'preferred' LVR cap approach
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The BNZ survey was flawed - a small selection of real estate agents surveyed. Most of the top salespeople at Barfoots are Asian - do you think they would answer that survey while at the same time putting their vested interests to one side? Just watch this video on Barfoots website and analyse the...
by: bigblue on: Curbs on foreign housing investment?
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Now as an investor a capital gains tax would not bother me in the slightest. If the family home were exempt I would sell and purchase a more expensive family home. I would not sell my investment properties so would not be hit by capital gains tax. Has a capital gains tax seen other countries...
by: bigblue on: Curbs on foreign housing investment?
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Bottom line, if the scheme cannot keep a running cost of less than $650 per hectare on 90% reliability then it won't stack up short term. Underlying land values are too high, when costs of conversion etc are added it implies no development margin and it remains to be seen how the regional...
by: diesel on: A damn good idea
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"smuggling diamonds, being involved in attempts to sell nuclear material" And the rest. These tax evasion hideouts are where the criminal syndicate banksters, and their psycohopathic scum collaborators like bought off politicians and Mexican drug cartel clients, stuff their...
by: south paw on: Massive offshore trustee service detailed
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Everyone is in agreement that the supply side needs addressing, that does not mean we can't also tackle unwanted demand which is the focus of this paper. You don't seem to get my point, if investors are forced out of the market they must instead be purchased by owner occupiers....
by: Julz on: Curbs on foreign housing investment?
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Sorry mortgage belt but that is rubbish. I don't know a single valuer that takes that approach. CvS are a useful distraction but add little weight to a registered valuation. Maybe I'm hanging with the wrong crowd though. At any rate, the cv comment is usually the first from a buyer in...
by: diesel on: Let's get rid of property CVs
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I'd be happy if they got rid of the muls as long as they also got rid of every restriction preventing high density, making a fair playing field for the market to decide. But nationals wish to remove the muls while keeping the current limits on heights, dwellings per lot, etc will only cause...
by: JimboJones on: Auckland's Unitary Plan will make housing less affordable
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Restricting non residents to purchasing off the plan or building new is the smartest move for NZ IMHO.
by: FYI on: Monday's Top 10 with NZ Mint
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Plundered, south Auckland is easy, consider something outside godzone. 3rd world, say pakistan, they have nukes, how is peace kept when such realise that godzoe and the other developed countries have used it all up? rather than riot with broken glass what about a few nukes? Financial wealth...
by: steven on: Monday's Top 10 with NZ Mint
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Well the converstation came from someone in Tomarata! I didn't get a timeframe on it, but the tale is so very very close to identical.
by: scarfie on: Monday's Top 10 with NZ Mint
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The more the Lefties and extremists try to convince people that investing in property is socially unacceptable, the more rents will rise for the diminishing pool of rentals remaining in the market. Investors can't lose- keep it up please. It's good for business.
by: BigDaddy on: Curbs on foreign housing investment?
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When two people miles apart hear similar stories on that scale something is changing. That's a $15+ million splurge in two days
by: iconoclast on: Monday's Top 10 with NZ Mint
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If that's not a red-flag alert I don't know what is - it's escalating
by: iconoclast on: Monday's Top 10 with NZ Mint
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But government demanded dividends despite it being insolvent.
by: Colin Riden on: Key sees haircuts for Solid Energy's banks
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The return per year for each household is roughly the same as that from the Stalinist plot for one agency to purchase power from generators and wholesale it to retailers. This is bad when it is electricity and good when it is water for farmers?
by: Andrew R on: A damn good idea
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It will be the taxpayer who will finish up picking up the lion's share of the costs. True. On that issue you may wish to review the audit office report on the Opuha scheme Bruce refers to: http://www.oag.govt.nz/2001/opuha-dam/docs/opuha.pdf Or the engineering lessons:‎ http...
by: Colin Riden on: A damn good idea
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hold ya powder for a while christov .. the promoters will support the price for at least a month .. although the price might disappoint during the AM and early running of the PM sessions .. they will hit the screens in the final minutes every day, just before, or right on the close, and bob...
by: iconoclast on: Key sees haircuts for Solid Energy's banks
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Just can't wait till John Boy finds himself telling Mom n Pop the power shares they bought have some ...er...loss conectivity. This is one case where you don't respect your Elder........what a piece of work.
by: Christov on: Key sees haircuts for Solid Energy's banks
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