Editors choice comments
I finally became a great grandfather over a year ago but I have other well educated grand daughters very much procrastinating about becoming mums. And these are the intelligent ones that should be breeding albeit in moderation in a still over populated world. Thus, I admire the immense example Jacinda is providing for truly thinking persons.
No, just announce that all pensions from 2025 onwards will be means tested. Those with no money were always going to be paid, but the taxpayer can keep hold of the money that otherwise would go to those who can afford to live without it.
I'm in business and National never did anything for me (Labour didn't either) But speaking of the Nats they favoured the big multinational stanglehold on the supply of basics. Energy, finance, communications for example. Those big corps are allowed to extract vast profits, overcharge and put up business costs for the rest of us.
Similarly there is an outfit called 'Business New Zealand' constantly lobbying and doing media. Nothing they promoted was in my interest. When I realised they were supported by Employer Association, I decided to no longer be a member.
Problem is that this is all about form over function, it appears that it is no longer important to solve the problem but to have the right process. Tick the right boxes and as long as that is done then job done, no matter the fact that you haven't achieved your goals, but you can show that the agreed process was followed.
I'll make a punt....
At the moment coinmarketcap has 39 coins/tokens with market caps of a billion USD or more. By the end of 2019, there will be less than 10. None of them will be big enough to really be of much use as a day to day currency, ie. I wont be pulling into the petrol station and seeing XYZcrypto accepted here anytime in the next 5 years as a regular occurrence.
The ultimate winner in the cryptocurrency (as a real widespread currency) space doesn't exist yet. It may come from one of the existing ones that undergoes a lot of hard forks and development, but it will have a...
It is puzzling how the raising of interest rates is not considered relevant to housing inflation when house prices are going up, but interest rates suddenly become relevant when there is a risk of house prices going down. It seems monetary policy is looked on as being highly asymmetric, to protect certain favored parts of the economy.
As a Aussie who lives in NZ , the grass is always greener on the other side , cost of living is expensive in AU ,a lot of hidden cost ie emergency levy’s on rates ,car rego power bills etc , But NZ gets shafted on fuel an coffee . NZ life style is far better
This is a very predictable and common picture for a housing market in transition from a hot market to something else.
There is a psychological sentiment battle occurring and that will take time to play out. Sellers who don't need to sell and who have not received conducive offers this spring/summer or indeed any offers at all, will withdraw from the market in hope of better prices down the line. Whereas sellers who absolutely have to sell, will remain on the market, and either refuse low ball offers for the time being, or accept them, which will eventually start showing up in the stats. But...by: gingerninja
Merry Xmas and Happy New Year to the whole team at interest.co.nz and a big thank you to all of the hard work you do, to provide excellent articles for al of us. We don't always agree and we often argue amongst us, but I love this website and appreciate that everyone who is just as passionate about these issues, can provide their own viewpoint. I am looking forward to next years posts. And thanks for the laughs. This article is awesome!!
Why thanx, kind Interest hosts and fellow electron-torturers. As a DisInterested Bystander in most of these debates, I'm constantly astounded at the Depth of Feeling evinced, and (probably) Extreme Keyboard Pressure exerted, within 'em.
As the founding (and most likely sole) member of PETE - People for the Ethical Treatment of Electrons - May I suggest that a suitable Chrissy prezzie for many Common Taters, may be a blood pressure monitor?
What's clear from this debacle is that ANZ has been happy to throw UDC, its business and its customers - all valuable to New Zealand - to the wolves. ANZ's behaviour in this is nothing less than scandalous - financially, nationally, ethically and in management duty of care. We are remarkably fortunate that the OIO had its eyes open, on all of our behalfs. Other regulators elsewhere in the world have been too late out of bed and are just catching up with the activities of this mysterious and ill-reputed Chinese behemoth.
As capital gains in housing slip off the hook, a New Zealand bank - as...by: workingman
As you say, classic Head Office Knows Best. It would be hilarious if it didn't happen so often. It is like a movie franchise, UDC - The Head Office Strikes Back, sequel to Dick Smith - The Head Office Returns. Having destroyed the business' independent funding, why not a partial float? Very face saving and all that.
Better yet, a partial float of ANZ NZ.
"Uber’s argument that such services are purely digital"
Absurb. Is broadcast TV no longer a TV broadcasting service because we switched over to digital broadcasting a few years back?
Do the banks no longer provide a banking service, since i now access my account via an app?
Should the government get rid of all existing sector specific regulations and introduce a new 'digital' regulator?
Frankly, this is terrifying. Let bitcoin bubble along for another 6 months and infest the rest of the financial markets.. then pop. This could make Black Monday look like a hiccup.
I think the DIA's printer must have run out of ink before the final 'Questions & Answers' on its media release. Fortunately, the transcript has been passed to me:
Q: How did you hear about this ECS outfit?
A: Do you really want to know? Okay, I'll tell you, while no-one's listening. Well, there's this website called 'Interesting' or 'Interest' or something. Someone here saw it one day. Just by chance, I mean. It's a kind of investigative, trouble-making place, a whole lot of nosey-parkers if you ask me. Always wanting to spread information around. And how can we do our jobs with this...by: workingman
Here's an idea
The government could set up a "Twyford 100,000 Fund" and each foreigner wishing to invest in NZ property could be invited to buy $1 million Twyford Bonds that could be used to build the 100,000 houses, when built the foreigner can be offered to take title or accept a cash payout of an "affordable price" or on-sell it
by: two otherguys
I think there's a huge difference between genuine wealth that can be used for investment in to business to help grow an economy. And then there's the false economy wealth 'ill gotten gains' generated by corrupt means, which does seem to be very prevalent in Auckland if the NZ justice website is anything to go by.
Rather than taxing wealth and the wealthy, as a first step we should really look to introduce this law a "Unexplained Wealth Order" as a means of how to catch the corrupt and corrupt money.
On 27 April the UK parliament passed an important provision of the Criminal Finance Bill...by: CJ099
ANZ made me cancel my card with a $10k limit as a condition of the mortgage. They then approved me for a new card with a $15k limit all before the mortgage was drawn down. The best bit was how they assessed my expenses for the credit card application . Since they don’t do joint cards, basically they halved all the expenses and used that as the basis of my expenses. The fact my partner couldn’t pay the other half wasn’t an issue.
Ok, foreign speculators have been dealt with, now for the local ones. Bring on the rental loss ring fence!
Fully agree. Little doesn't get enough credit for making that tough call to step down. His decision was the trigger that turned the whole party around.
Although the Auckland market isnt at a standstill it is going at snails pace. Its definitely not surging ahead as TTP would have you believe now the election is done and dusted
I suspect the median price is being driven by low sales in the lower half of the market where i believe the real slow down is happening.
Holding pattern for now and i reckon that Dec will probably be a continuation of what we have been seeing although I do note that trade me listings for Auckland have dropped back to 11500.
So lets see what the new year will bring us, could be a hangover....
Buying Bitcoin and putting it on the house. Oh dear, oh dear.
Another mania that will eventually end badly.