A review of things you need to know before you sign off on Thursday; another bank offers a 6% TD, property values decline faster, Chinese inflation threatens to deflate, swaps firm, NZD stable, & more

Those bargains of '24 might not be the bargain you hope for.

They might just be normalised prices. And if so, given all the heartache and financial pain that is coming to get them there, it's highly unlikely we'll let the capital gains' cat out of the bag again.

So buy a normalised property(s) in 2024 by all means, but expect them to remain price constrained.

And what does the Bank of Mum and Dad do? Was that deposit a loan or a gift? 

Yep. Dead right. Plus bins blowing over in high winds compared to the original small green square bins. It's all a huge PC ballsup.

Years & years of voting in local politicians captured by their councils never ending wishlists of visible vanity projects instead of invisible essential infrastructure maintenance.

Question then, exactly  how many tight fisted ratepayers  are not tax payers not forgetting, for just a start, that GST is collected from rates?

Yet, you buy everything that comes out of China, your clothes, your phone or computer your posting from, (its components), your car, etc...

You've lost me.

BNZ is offering 4.80%p.a. 180 days $2,000 - $5 million.

You've got to have over 5 mill to haggle at that bank!

We are greedy Hamy, including YOU, wanting 6% TD for 6 month.  Why don't you take 3% for 6 months to show us all how NOT greedy YOU are?

However, with some providers, and well prior to the 30 days notice period in this instance, you could easily receive a chirpy “How would you rate the support you received”.

This is of course well before they’ve actually done anything of service or value.

I needed a second phone for my wife for a short term so bought a $19 prepaid 2 degrees sim. I stopped the plan the day before it expired. A month later i put $10 on it to use short term again using prepay rates. Immediately got msg from 2 degrees saying my $85 plan had started. Looked on my credit card and saw they had taken $95 from me, not $10. I tried ringing their 0800 number. 2hours15min on hold. My call was important to them. Then some moron answered and told me he couldn't help and he put me through to prepaid. Another 35 mins on hold and lady answered.  Told her my story and she said hold the line and my call was disconnected. Frustrated and with my blood pressure rising, I tried emailing the 2degrees complaints email. They answer the email after 2 working days each time asking the same information i have already supplied. I have had 10 emails from them now. No further ahead. I am sure i will soon get the "how did we do survey". 2degrees used to be good. Like everyone these days they are shit.

2degrees dont answer for hours. I was doing some work in the office today and had another crack. Two hours on hold with bad music in the background and the occasional "your call is important to us we will be with you shortly ". I finished in the office and hung up with my call unanswered. 

simplify our organisation / rightsize etc etc etc      basically cancel all the dumb projects we as senior mgrs started, plus fire a few people we where too gutless to do earlier, bet you not many seniors will be fired.

Not sure if its all sizes or just the bigger ones so as to rip off the chinese....     They will have to replace stuff sold incorrectly and it will probably be a matter of 0.01% but its the fact they carried on doing it.......   a bit off them now tho they have apparently stopped doing it and paradoxically probably safest to buy off now.....   today is a good price.....

Pope Brian Tamaki knows,    cut it out....

And then I move it elsewhere

Be nice if the owners of kiwibank used them as a market leader and drove the margins diwn

First in Opposition they blamed people with Chinese-sounding names.

Then they came up with the hoax that was KiwiBuild, which has so far delivered just 1.6 per cent of the promised 100,000 houses.

Then they launched a war on landlords by removing interest as a legitimate expense for rental property owners and extending the bright-line test to 10 years. They were warned it would put pressure on rents and the social housing waitlist, but they did it anyway.

Hits the nail firmly here

Seymour said the same about sharing the GST. They will soon have to make good their commitment.

I like Bishop too but they can’t help themselves: 

“Mum and Dad landlords aren’t the enemy. They’re an important part of our housing market and the sooner the Government stops demonising them, the better.”

Try telling that to the FHBs they were outbidding at auction. But who can blame Mum and Dad when it’s completely tax free.

In simple terms the 8 cylinder car which keeps running even on two cylinders. Can you name one reserve bank leader who does not realise their economies are still growing. But first look past the rhetoric

Andrew Wilson shares a weekly time slot with Michael Yardney from Metropole to review the Aussie housing market. I know, it's a different market. Andrew has good data that would probably interest you. I doubt you would agree with them though but I hope so 

I agree here the location needs to be sexy , land is cheap if you go up high......     but we talking people who build to rent not build to sell.... different game, Nats looking at what aussie says they want to do ie open up to coporate and offer rental agreements where you would feel safe as the landlord will not kick you out, hence high with good school zones would suit many , short or long term....      this will not happen in shite locations.   its farming people but at a lower cost then ma and pa and probably better landlords.    also ability for the landlord to kick out troublemakers quickly , who would not like this as a tenant.....     this is an interesting policy from the nats that will appeal to there left not so much to there right

There is a good new app for informing the appropriate councils of problems in the neighbourhood.

I dont think I am allowed to say the name here but you can try google 

The app really works and super super fast and easy