A review of things you need to know before you sign off on Friday; consumer sentiment stops improving, FHBs active, JobSeeker numbers fall, early KiwiSaver withdrawals stay very low, swaps dip, NZD holds, & more

Someone - can't remember who but remember it wasn't quite in character - put this up recently; 

Honest Government Ad | How to rig elections

Says it all

Was it a diesel?

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Selling a house after only a couple of years of ownership generally always entails a loss.

BW - I feel for her, and for all those who swallowed the b---sh-t. 

And in my angrier moments, I curse some adjectival-spouting types not far from here... for essentially not telling those folk the truth. 

But forgive them, for they know not what they do...

There will be a cascade of such woe, from here on in. The future bets increased exponentially (including kiwisaver and housing numbers) and the remaining planet was being depleted exponentially. Only one way those graphs cross: acutely. And, as you point out, there is real human misery involved - while the perpetrators (the last couple of syllables should perhaps be differently spelt - this government is not far short of treason, vis-a-vis all future Kiwis) swan around blandly claiming they're wealthy, or throwing mud at innocent public servants so as to obscure their own guilt. 

I feel for the young; they were told a lie (and yes, it's about time we used the word). The sad thing is that the skills they will need in the future, are further and further from the 'skills' they have been encouraged to acquire. Swiping screens doesn't produce food - or indeed, anything. 

bw, I think your daughter gets her stressed panicky side from you.  Calm down, get her to talk to mum maybe if she has a more level outlook in life.  Yes, today her financial situation is not looking good, that's no reason to panic or even stress.  She didn't buy her house to sell two years later did she?  She needs to talk to someone calm with a level head, who can explain her that she bought the house for the long term, and what it is worth today doesn't matter the slightest for what it will be worth in 5, 10 , 20 years.  In 20 years, when her house will be worth 2 - 4 times what she paid for it, she will laugh at how silly she was to stress, if she can remember this time at all.  All will be fine BW, relax.

PS, you said she made a panicked decision to buy in January 2022, make sure she doesn't make another panicked decision to sell today, to lock in her losses.  Good luck to her, she'll be fine is she ignores the short term value fluctuations.

This emotional blackmail if not diverted & addressed early can turn into really nasty elder abuse behaviours very quickly. Housing is not like buying a dress (which I suspect she puts more thought into). For someones own ignorance and willful blindness to the most common and oldest form of investment in the world (which carries huge amounts of due diligence needed & legal contracts) I have zero sympathy. If they could not work out enough that it was a predictable outcome they should not be managing investment in the first place and really need some basic education courses including counseling to learn how to process predictable outcomes more without the emotional blackmail of parents.

Here are some tips, get her an adequate counseling support, and financial advisor, & property management. Help her learn by watching some basic mathematics and investment documentaries with her. After all expecting adults to be taking remedial maths on their own steam is often a lost cause and many do not even have the capability to understand probability, basic investment principles. So spending time with them watching docos is a light way to help bridge the education and knowledge gaps. Even having a dinner with some reality housing malarky running in the background helps with the common knowledge we would expect of anyone regarding housing investments. Who knows maybe after watching many people make bad calls and throw money away (in which selling is her astounding bad one & not having clear investment plan so they did not bet the lot on a single roll of the dice) might make her feel less alone in it.

What it does show is if it was not housing she would drain all her savings in one go for any other investment with no due diligence. She is the perfect mark for scammers so the more you can help with education and correcting the over the top emotional issues the better.

Extraordinary historic events and price distortions aside, based on your line of thought, you're seriously implying from this point of still stretched valuations, the next five years will deliver house price increases faster than peoples ability to save?