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Type: Posts; User: Wayne
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But you want the LTC to borrow 100% to buy the rental off you?
Under the old LAQC this was done all the time and I thought (and Ross indicated) that it would be the same for a LTC.
But LTCs are...
Such an un-PC person you are.
I'm not brave enough to write down my 1st thoughts on the possible answer to the question.
I am sure I wouldn't get a job based on my answer though.
While there is no compunction for anyone to give away anything I suspect what Wallace was really on about was the need to develop a caring environment.
I would rather live in a society where people...
You are sounding old Donna.
I think every generation says the same.
I'd be happy to - PM me when you have the questions
I think that is the bach not the house - there was a bach on the property also.
So the pro problem is more one of 'fair value' of the property on transfer.
Have a look again at what Ross said here
I would have thought that if you had a registered independant valuation...
they get waht they are owed including expenses - the owner gets any left over.
Not sure how you making huge capital gains helps the county?
Making so ordinary people can't afford a place doesn't really do NZ Inc any good.
PS - you have me confused with someone else?
Tulip - you need glasses.
At least ones less rose tinted.
Other PMs and the like have also worked hard for NZ - they have just not trumpeted as much as JK (he certainly likes the limelight).
No he isn't - he knows how to create a distraction.
So we decide which flag to change to THEN decide if we want to change?
I'd rather concentrate on getting food on peoples tables and other...
Since they didn't have glass back then I doubt that had glaziers.
Or did you mean 'glacier'?
What a difference 1 letter makes :roll:
Thank you for confirming that Gary.
Mostly areas with prices that low have low capital growth and the rates, insurance etc are a large % of income.
Maintenance costs can blow you out of the water - costs the same to...
Let's say house is $80k
@ 5% interest is $4k
Total costs $7900 or $152/week
No money in it!
Hamilton North is popular because of the new land/ new house.
Te Rapa doesn't have 'new land' so how is it going to be the new 'Hamilton Noth'?
Because they wanted their money back.
Their right in a mortgagee sale.
The reserve is the minimum it will sell for - they can and do sell higher.
As was said above - the reserve doesn't set the...
Income might do it?
Or lack thereof.
These sorts of things always end up illusionary.
I was told on good authority that there was another 18 months to 2 years to go?
It all sounds more serious than 'smile and wave' assertion that dairy is only 5% of the economy so no biggy.
Once you start driving land prices down all farm loans are at risk as the security...
Will he guarentee that?
So the softening up begins.
Makes more sense now.
IMHO fixing for 6 months is floating at a cheaper rate with a short lag.
Judge - why fix longer than 6 months then?
Or maybe you are - if that was the case then you wouldn't have to break.
They were all asked to by the RB.