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Patzcuaro
/ 7th September 2020Trump fishing for votes.
Conspiratoor
/ 7th September 2020Very good Patz.
Now putting your obsession with Trump to one side how do you think Biden is going to perform as POTUS? Which of his policies are you particularly drawn to? How do you think he is going to transform America?
David
/ 7th September 2020As someone intimately involved in the Christchurch market where rents and prices have been almost flat while the rest of the country goes crazy this piece by Crampton is spot on on the reasons why.
Its great to see flat rents that are affordable and its even better to see flat prices that are affordable for first home buyers. As an investor you just have to work a bit smarter to make your money not sit back and watch the undeserved profits plump ones bank account. Its how it should be.
https://www.stuff.co.nz/business/opinion-analysis/300100607/heres-what-would-really-control-new-zealand-rents
Alan Wilkinson
/ 7th September 2020So sadly true and completely unknown to the great, deluded and unwashed electorate.
Patzcuaro
/ 7th September 2020Are you referring to Hilary Clinton’s “basket of deplorables”?
Blazer
/ 7th September 2020The author makes a number of mistakes and omissions.
Stuff-‘New Zealand’s median income is $52,000.-
‘In Auckland, buying the median house costs over nine times the median household income.
‘In Wellington and Hamilton, the median house goes for just under seven times the median household income. In Christchurch, the median house costs just over five times the median household income.’
So houses in Auckland are $468,000 and in Chch-$260,000!=hopeless.
Banks focussing on residential lending as less risky than lending to productive industry ,and the clear advantage this asset class enjoys over other investments is a major reason we have so many landlords.
Landlords buy existing property and through financial leveraging deny aspiring home owners opportunity.
The whole FIRE economy is operating a ponzi scheme so rampant it is now supposedly ‘too big to fail’.
Recently the Reserve Bank of Australia considered freezing all residential RE ,buying and selling and dictating that media could not report on any price declines.
With low interest rates here to stay, property ramping is still the best game in town.
Duker
/ 7th September 2020Crampton , the paid employee of BRT/NZ Initiative big business lobby gets major points wrong ( hes not a Stuff journalist but Im sure hes gets his writings published more often than some of their paid staff)
“In Auckland, buying the median house costs over nine times the median household income.”
Auckland median household income is now well over $100k pa, so no point using the ‘NZ’ figure.
Blazer
/ 7th September 2020So what is the median income for Wellington then?
Blazer
/ 7th September 2020found this…
‘The average salary in Wellington is NZ$67k. Trends in wages decreased by -100.0 percent in Q2 2020. The cost of living in Wellington is 100 percent higher than the national average.’
So x 7= $469,000!!!
Alan Wilkinson
/ 7th September 2020You are just wrong and confuse average with median:
https://www.interest.co.nz/property/house-price-income-multiples
Blazer
/ 7th September 2020no median not ave…
https://www.stuff.co.nz/business/money/122566939/incomes-fall-for-first-time-since-records-started-in-1998-stats-nz-says
Duker
/ 7th September 2020“Median weekly earnings from just wages and salaries actually increased 4.3 per cent in the June 2020 quarter mainly because many people from lower-income industries reported no earnings, Stats NZ said.”
When the median can be misleading
Alan Wilkinson
/ 7th September 2020The average is misleading as it is biased upwards by high earners who earn vastly more than the average.
Duker
/ 7th September 2020Good to see the Business Round Table having their paid stooges write opinions under their name…not like the good old days when the money for comment was unseen by the readers ( according to Investigate magazine’s tranch of emails)…but its still the Dominion..that part doenst change.
Alan Wilkinson
/ 7th September 2020Determinedly ignorant. Don’t read it if you don’t want to know.
Duker
/ 7th September 2020Its biased opinion written to suit his employers…why should anyone ‘listen’..he just wasnts the CEOs on the NZI to nood their heads and say ‘told you so’…doesnt mean any of its balanced or an objective view based on facts.
The excerpt talks about ‘NZ median income’ and then pivots to talking about Auckland house prices….thats a deliberate deception, when it should be Auckland incomes ( which are higher than elsewhere) for Auckland Houses etc
Alan Wilkinson
/ 7th September 2020Drivel. He wants the Govt to stop making housing unaffordable.
Duker
/ 7th September 2020We are sick of the decades of business interests deregulating the housing industry and opening floodgates of immigration, stopping the building of state houses during 9 years of neglect ( 9YoN!)
He can take his fanciful ‘shiny pants nostrums’ elsewhere.
Alan Wilkinson
/ 8th September 2020So pathetically ignorant and stupid you could be a Labour politician, Duker. Your stupidity has vast costs.
David
/ 7th September 2020I dont know if anyone is watching the Covid second wave in Europe but the infection rate is climbing rapidly but the hospitalization and death rates continue to fall. It could be the virus is weakening but there is scant evidence of this but the theory is that this virus is behaving the same way as chickenpox where the symptoms are dose dependent.
If your kid picks up chickenpox from the playground it was usually pretty mild but their siblings would get it a few weeks later and get nailed, ask any GP. The sibling would get a big dose of virus but the one who got it in the playground only got a small exposure allowing their body a fighting chance. Sars and Mers did the same thing.
So masking and social distancing might be a very effective way of living with Covid until it burns itself out, mutates to a milder version or the vaccine is delivered.
Blazer
/ 7th September 2020Perhaps you could expose yourself to the virus and…report…back after you contract it.
Duker
/ 7th September 2020He could go to Texas after all, especially a crowded Trump rally ..the perfect petri dish.
Although hearing Trumps rambling incoherent speeches in their entirety might dent the faith but it costs serious money to even get near the great one..starts at $25k
lurcher1948
/ 7th September 2020The PM looked very bubbly and upbeat being interviewed from Morrinsville on TV1 Breakfast,not stressed and sweaty like Muller or smirky like Ms Collins,Ms Ardern knows what she wants and with 60+% of the vote she will lead NZ forward,and she will not remove your lunch and morning tea break like that other old dinosaur party,
David
/ 7th September 2020I especially liked the bit where she parted the Waikato River and the children crossed.
duperez
/ 7th September 2020That shows the lack of class and resorting to cheap gimmicks with Ardern.
I’ve heard of previous PMs who simply walked over the water kilometres up or downstream from the nearest bridge. 🙃
lurcher1948
/ 7th September 2020David dont jest,she could and would
Kitty Catkin
/ 7th September 2020How do you know ? Have you seen her doing it ?
Even her most grovelling fawners and bootlickers haven’t made this claim about supernatural powers.
Blazer
/ 7th September 2020Landlords those ‘responsible’, investors….’Landlords should wait to see if National wins October’s election before spending money refitting their rentals up to new heating standards, a lobby group for property owners says.
The comments by the NZ Property Investors Federation have been labelled “deeply disappointing” by the Labour Party and questioned by the Real Estate Institute and the NZ Green Building Council.’
Duker
/ 7th September 2020“she parted the Waikato River ”
Well you wouldnt want to swim in it after 9 years of neglect
Jack
/ 7th September 2020Aw, darn – why am I always the odd one out?
I’m still on this side building my own luxury raft
Patzcuaro
/ 7th September 2020She would gain more political capital by diverting the water to Auckland rather than parting it.
Kitty Catkin
/ 7th September 2020She’d gain some by showing compassion to the hundreds of stranded yachties who are facing the cyclone/typhoon season and begging to come here rather than drown. They are happy to go into isolation. If they stay where they are, their lives are at risk. If they come here, they will be bringing money to the place where they stay. The berths are there.
It seems that the high risk of drowning in a shipwreck doesn’t count when it comes to compassionate exemption for the PM, Chris Hipkins et al. The cases will be dealt with one at a time, despite time running out for these people who are stranded through no fault of their own. They are desperate, but their pleas for help are being largely and heartlessly ignored.
It will be a bad look for NZ if they are turned away and the worst happens.
Blazer
/ 7th September 2020Where did this irrelevant,mindless drivel…originate?
Kitty Catkin
/ 7th September 2020The removing lunch and tea breaks is a fantasy, of course, and repeating it doesn’t make it true. No party would do that.
NOEL
/ 7th September 2020http://www.legislation.govt.nz/bill/government/2018/0013/latest/LMS8187.html
Kitty Catkin
/ 7th September 2020Who wants a bubbly PM ? I want one who’s serious about running the country, not a giggling Gertie who thinks that burning down cellphone towers is a big joke.
Blazer
/ 7th September 2020what about one that minces on the catwalk,planks,jokes about soap in the shower,pulls ponytails and kisses drag queens?
Duker
/ 7th September 2020You mean Little Johnnie or even this bigger jokester
and theres this person doing a parody of Seymour ….
lurcher1948
/ 7th September 2020Like this GIF of David Seymour taking one for ACT…till the ends of time
Duker
/ 7th September 2020Correction …its not some one parodying Seymour …its Seymour himself. hahahaha
Kitty Catkin
/ 7th September 2020If you’d seen the soap thing, you’d know that John Key was set up by a radio announcer and had no idea why he was being asked to pick up a bar of soap; this made the puerile ‘joke’ fall flat. He didn’t make a joke about it. The idiots who set it up may have thought it funny. No one else did.
David Seymour has the great quality of being able to laugh at himself, unlike the PM.
Blazer
/ 7th September 2020your score 1 out of…Five.
Kitty Catkin
/ 8th September 2020Yours is 0/5 for decent human behaviour, 5/5 for trolling and spite.
duperez
/ 7th September 2020Tell us how much time you’ve spent with the PM to be able to state that last bit.
I would have thought her exposure to you was through the medis and you hadn’t been in informal situations with her to experience the range of behaviour which would include the quality you claim she lacks.
I don’t know about her ability to laugh at herself but I have noted your propensity to sneer at her dress sense, her oratory, her mannerisms and her ability to do the job she’s in. All the while on your checklist you had ‘ability to laugh at herself’ too. Who’d of thunk it eh?😶
Duker
/ 7th September 2020Kitty doesnt need to laugh at herself ….no indeedy.. shes already a big joke
Kitty Catkin
/ 8th September 2020Her exposure to me doesn’t exist; how could it ? We have never met, so this is nonsense.
As she is on the news constantly, grimacing, nodding and talking about poviddy, it’s not hard to know what her mannerisms are. Her reaction to criticism is to dismiss it or have a temper tantrum as she did over the advice to the 700,000 to be tested (she told people that they shouldn’t believe what they read on social media….even though the MoH had put this notice on FB and its own website)
Spite and malice from Duker as usual, uncalled for as usual. You really are an unpleasant pair.
Who on earth says ‘no, indeedy’ in the 21st century ? Or ‘who’d have thunk it ?’ How OLD are Dupe and Duker ?
duperez
/ 8th September 2020“Who on earth says ‘no, indeedy’ in the 21st century ? Or ‘who’d have thunk it ?”
Someone who is canny enough to know that saying it would draw the reception it did. Thank you for that.
Going through the site and gathering your comments about Ardern over the time you’ve been on here would produce a truly great pile of stuff. Like todays contribution. You attribute spite and malice to Duker.
Your ‘Collected Thoughts about Jacinda Ardern’ would be a plaintive tome which would leave Duker many leagues behind, somewhere in the distance.
lurcher1948
/ 7th September 2020National under new leader Judith Collins confirmed to the Herald it would tear up new Healthy Homes standards recently brought in by the Labour-led Government.Is Ms Collins throwing in the towel???
Kitty Catkin
/ 7th September 2020Needless to say that National and Judith Collins have said no such thing to the Herald or anyone else. Kris Faafoi gave a completely distorted version of what was supposedly said. The truth is quite different.
Lurch seems not to realise that people can look this up for themselves and see that it’s a complete fabrication. Don’t give the supposed source of a story if the story is nothing like the version you give.
She says that the $3000 spent on heatpumps will be passed on to the tenants (which it undoubtedly will; landlords are not charities) and that the tenants should be given a choice as to whether they want this or not . And as there is no guarantee that the tenants would use the heatpumps, what’s the point of spending thousands on them ?
She said nothing about the other things like insulation, of course.
If landlords have to spend more than they get back on rentals, they will invest the money elsewhere and make a profit rather than a loss.
Kitty Catkin
/ 7th September 2020Sorry, Andrew King said that about the cost and tenants being asked if they wanted the rent to go up to pay for them or stay the same.
She made the point that installing them won’t pay the cost of running them, which it won’t.
There has been NO announcement of any kind about the healthy homes from National or a policy about it; it’s a total invention by Kris Faafoi and others who are squawking that under this non-existent National scheme people will be living in hovels, as if not having a heatpump makes a house a hovel.
Duker
/ 7th September 2020Why should the rent go up ? Does the rent go down when the property has had a big jump in value. Anyway things like heat pumps can be depreciated against the landlords income, thats a saving as well.
The party of landlords looking after its own.
Harry
/ 7th September 2020Depreciation on a heat pump would be around $200 and change per year. Not enough to make much difference to a landlord’s income, leaving a long time to recover the cost of buying and installing a heat pump.
Why should the rent go up, you ask – do you seriously think a landlord should not try to recover the cost of a major expense?
Blazer
/ 7th September 2020Capital gain would take care of that…surely.
Duker
/ 7th September 2020Heat pump increases value of the home as well….
So landlord wins again.
So even for a 600,000 dollar home a heat pump is 0.5% of the cost of the home. It’s negligible in the scheme of things
Wasn’t there instant write off for these sorts of things due to covid
That’s right , any thing $5k or under gets full write off in first year…so that $200 pa is wrong
Even if the money to buy it comes from bank the interest rates are extremely low as well
Kitty Catkin
/ 8th September 2020The landlord may well want to recover a cost that was forced on them.
The fact that it’s a fraction of the value of the house is a specious argument. It still has to be paid for.
Anything borrowed from a bank incurs interest; they are not a charity.
A heatpump is unlikely to increase the value of a house; who, buying a house, would pay more because it has a heat pump ? Or who, renting one, want to pay more because it has one ?
The landlord won’t be paying it off at $200 a year.
Duker
/ 8th September 2020A nice kitchen increases the value of a house, a nice bathroom does the same. A heatpump is a tick on the list for buyers as well- almost all new homes have them- because if it doesnt have one , they will factor the cost of putiing on in when they buy.
Even in ‘balmy’ Hamilton area where you live , you need heating in winter, and a heat pump is the most cost effective way for a tenant to have it. This isnt the 60s and 70s anymore , standards have risen
I have 2 heat pumps , the 2nd is upstairs because its too hot and humid over summer. The main one downstairs on cold days I might only set to 17C , the lowest, but it takes the chill out of the insulated house from overnight. if I was building again I would consider a ducted AC system a necessity for Aucklands damp winters and humid summers, in 20 years that will be a minimum
Blazer
/ 7th September 2020‘If landlords have to spend more than they get back on rentals, they will invest the money elsewhere and make a profit rather than a loss.’
like where …for instance?N.F.I.
Kitty Catkin
/ 8th September 2020If you imagine that anyone is stupid enough to deliberately invest in something that makes a loss rather than a gain, you have little understanding of how these things work. People want their investments to MAKE money, not LOSE it. Who sets out to LOSE their assets rather than increasing them ?
My money is in term deposits; the interest now is small, but at least I make something and keep my capital intact.
Blazer
/ 8th September 2020So landlords will sell up and put their money on fixed deposit then……yeah right!
Btw in a free market property prices supposedly can go up OR DOWN….you can make a profit or a LOSS.