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Covid-19 Economic & General Effects for PIs & PMs

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  • Covid be damned – the market is booming


    So goes the headline from this article

    https://www.landlords.co.nz/article/...ket-is-booming


    National median house increase by 16.4% year-on-year for July.

    Half of the regional markets saw double-digit year-on-year increases and hit record median prices.

    Auckland’s median house price increased by 16.0% to a new record high of $950,000 from $819,000 at the same time last year.

    The number of properties sold nationwide in August increased by 24.8% from the same time last year.

    Economists retract their estimates of sharp declines in property values.


    Reasons cited, record low interest rates, the removal of LVRs and the lack of listings. One might also add that money is chasing worthwhile gain - something that is not possible by bank deposits. Moreover, I also imagine some of the $3 billion that will hit the market after the wind up of Bonus Bonds will find its way into property.


    Comment


    • Originally posted by Sanya View Post
      Economists retract their estimates of sharp declines in property values.
      That's no comfort. How many were stupid or foolish enough to heed the dubious prognostications of the after-the-fact soothsayers, anyway?
      Last edited by Perry; 11-09-2020, 07:05 PM.
      Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

      Comment


      • Originally posted by McDuck View Post
        Why is it that you have it all backwards?

        I went for a walk yesterday in a large public space.
        I wore a mask the whole time.

        I didn't wear it out of fear.
        I've got a constitution like a horse.
        I wore it in case I had contracted the virus and might accidentally cough or sneeze at some poor child or older person that passed me by.

        It seemed a relatively small inconvenience, in order to save someone else a world of suffering.

        Self centered people seem blind to anything but self centered behavior.
        It's the most humorous form of cognitive bias,
        very destructive.
        I can see that you are a highly virtuous person. I'm wondering, how long do you think you can keep up the mask wearing? Will you always wear a mask whenever you leave the house? Or whenever you invite someone over? How will you eat and drink with others while wearing a mask - will you give that up? Do you ensure your mask is hospital graded and sealed at the sides? For how long will you keep wearing a mask when you go near others? Will you wear it for the rest of your life in order to never infect anyone with anything?
        Last edited by propertyfinder; 12-09-2020, 02:03 AM.

        Comment


        • Originally posted by propertyfinder View Post
          I can see that you are a highly virtuous person. However, if you want to be 100% sure to never cause anyone illness or any degree of any kind of harm, the only way to do this would be to build a bunker and stay in it until you die, never leaving and never seeing another person.

          Life lived in isolation and without risk is not worth living at all.
          A false premise. By isolating oneself forever, any good they may intentionally or unintentionally do in the world would not happen. If at any point in your life you will bring happiness or joy to someone otherwise unhappy or joyless, your absence does a degree or kind of harm.

          But on top of the false premise, this is a poor argument. McDuck never said he would do anything to avoid harm to others; he said he'd be happy to inconvenience himself a little in order to do so. As we all should be happy to, COVID or otherwise.
          AAT Accounting Services - Property Specialist - [email protected]
          Fixed price fees and quick knowledgeable service for property investors & traders!

          Comment


          • Originally posted by propertyfinder View Post
            .. I'm wondering, how long do you think you can keep up the mask wearing? Will you always wear a mask whenever you leave the house? Or whenever you invite someone over? How will you eat and drink with others while wearing a mask - will you give that up? Do you ensure your mask is hospital graded and sealed at the sides? For how long will you keep wearing a mask when you go near others? Will you wear it for the rest of your life in order to never infect anyone with anything?
            That's a very interesting question.
            Thank you for asking it.

            Personally, I see it as a matter of statistics.
            If I wear a mask half the time, I'm making life hard for the virus half the time.
            The more effort I put in, the more I stonewall it.

            Strangely, I don't even see that the virus has less right to survive than a human cell.
            It's very likely that a human cell is nothing more than an evolved virus /bacteria combination*
            So really, it's just a microscopic turf war between relatives.

            Unfortunately, in order to reproduce, this particular creature destroys human cells, and does it rather well.
            It's either us or them.
            I choose us.

            .see.
            https://theconversation.com/first-an...-viruses-71202
            Last edited by McDuck; 12-09-2020, 10:02 AM.

            Comment


            • Originally posted by McDuck View Post
              That's a very interesting question.
              Thank you for asking it.

              Personally, I see it as a matter of statistics.
              If I wear a mask half the time, I'm making life hard for the virus half the time.
              The more effort I put in, the more I stonewall it.

              Strangely, I don't even see that the virus has less right to survive than a human cell.
              It's very likely that a human cell is nothing more than an evolved virus /bacteria combination*
              So really, it's just a microscopic turf war between relatives.

              Unfortunately, in order to reproduce, this particular creature destroys human cells, and does it rather well.
              It's either us or them.
              I choose us.

              .see.
              https://theconversation.com/first-an...-viruses-71202
              You contradict yourself Mr Mcduck, I was of the belief that your wishes and desires of the extreme left create a virus to wipe out half of humanity so the likes of yourself and James Shaw may frolic freely amongst deserted property.

              Leaving yourself to create the new world in your own vision.

              Comment


              • Originally posted by Jeffa View Post
                You contradict yourself Mr Mcduck, I was of the belief that your wishes and desires of the extreme left create a virus to wipe out half of humanity so the likes of yourself and James Shaw may frolic freely amongst deserted property.

                Leaving yourself to create the new world in your own vision.
                I like the idea of NOT killing ALL the trees, as the air they produce is needed for our type of life.
                It's the catalyst that enables us to have great thoughts and fast movements.

                https://www.youtube.com/watch?v=LM_CgtFORzw

                I wouldn't call myself a Greenie though.
                Last edited by McDuck; 13-09-2020, 10:18 AM.

                Comment


                • It What?

                  Fascinating to read these three items conjointly.

                  NZ in recession as Covid shrinks GDP by 12.2%
                  17 Sep 2020

                  What is a recession anyway and why should you care?
                  17 Sep 2020

                  House prices could halve in 'very severe scenario' where unemployment hit 17.7%
                  17 Sep 2020
                  Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                  Comment


                  • What the....

                    We're putting people up in mouldy rooms for the 2 week isolation - nice!

                    And ironically, the NZer returning home said she has a sensitivity to mould. What did she find in her isolation room.....mould growing out of the ceiling via the sprinkler. Are the isolation accommodation providers not first assessed before being put on the payroll?

                    Source

                    cheers,

                    Donna
                    SEARCH PropertyTalk, About PropertyTalk

                    BusinessBlogs - the best business articles are found here

                    Comment


                    • Originally posted by donna View Post
                      What the....

                      We're putting people up in mouldy rooms for the 2 week isolation - nice!

                      And ironically, the NZer returning home said she has a sensitivity to mould. What did she find in her isolation room.....mould growing out of the ceiling via the sprinkler. Are the isolation accommodation providers not first assessed before being put on the payroll?

                      Source

                      cheers,

                      Donna
                      Not needed, we have enough landlords to bash and this is not on the agenda!
                      "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

                      Comment

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