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  • 2021 Predictions

    Dust Off Those Crystal Balls

    Maybe a bit too early, but, with so much turmoil going on, it might be timely for a sneak peek at what PT forumites think might be in store in 2021?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  • #2
    Ah - you bet me to it Perry.

    Travel bubbles start to emerge and so too Covid in the community - but most vulnerable vaccinated by then.

    Here's a thought more people died by suicide in Japan last month than by Covid. (I've just read it). Just thought I'd mention it and that we will need perspective when we open our borders - we can not stay Covid free forever.

    Property predictions: 10-year bright-line comes in, giving Gov't some brownie points with their loyal voters.

    cheers,

    Donna


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    • #3
      World financial systems begin to collapse as every government prints money. People lose faith in currencies and flock to Bitcoin etc. See IRD has put out guideline on paying tax on crypto currencies recently.
      Huge numbers of people have adverse reaction to vaccine and medical systems around the world struggle to cope with all the people with long term health effects from COVID-19.
      Our government decides to implement cgt and wealth taxes and Jacinda steps down as she promised. (She said she would step down if labour introduce cut , not that they wouldn’t do it. And gets married and has her second baby. Grant Robertson takes over as prime minister. Our first openly gay prime minister. This is seen by labour as bold move for NZ and marketed as a positive step toward equality and inclusiveness.
      With Jacinda gone Labour is free to introduce a whole raft of new punitive legislation which they pass with urgency just before the next election. Super means testing is implemented, assets and income.
      National sweeps in at the next election in a landslide with Act and repeals most of the new taxes but keeps the means testing of pensions.

      by 2025 a new virus sweeps through the world which is deadlier than COVID-19 and kills 25% of the population, including a higher proportion of people who were vaccinated. Property values plummet as there is now plenty to go around.

      what do you think? Orwellian enough?

      my advice, stockpile food like rice for the next year as imported staples might be expensive and hard to come by, and plant a vege garden. Maybe invest in a lifestyle block you can decamp to and be self sufficient.
      Last edited by hawkeye; 01-12-2020, 08:36 AM.

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      • #4
        Im betting on Hawkeye! YESS!!!!
        Last edited by Jeffa; 01-12-2020, 09:39 AM.

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        • #5
          Originally posted by hawkeye View Post
          World financial systems begin to collapse as every government prints money.
          ---<snipped>----
          What do you think? Orwellian enough?
          Any guesses about general infrastructure?

          Transport?
          Telecomms?
          Electricity?
          Local and national gov't functions?
          Etc.

          Interesting how PT forumites still use the expression, "government prints money." I suspect that almost no extra currency will be printed.

          It is not the gummint, but the RBNZ in NZ.

          In reality, it's an excessive extension of credit and huge amounts of gov't borrowing ($120B) that will debase the purchasing power of the currency / means of exchange.

          If you're anywhere near close, we will indeed live in interesting times. (If we live.)
          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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          • #6
            The scary thing is the $100 billion dollar bond purchase program (money printing) hasn't even started yet and house prices have increased %20.
            I wonder whats going to happen when it actually makes it way too the banking system.."hint hint wink wink"

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            • #7
              Agree with Hawkeye on first 4 lines..

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              • #8
                Originally posted by Jeffa View Post
                The scary thing is the $100 billion dollar bond purchase program (money printing) hasn't even started yet and house prices have increased %20.
                I wonder whats going to happen when it actually makes it way too the banking system.."hint hint wink wink"
                Rampant inflation for sure

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                • #9
                  Originally posted by Perry View Post
                  Any guesses about general infrastructure?

                  Transport?
                  Telecomms?
                  Electricity?
                  Local and national gov't functions?
                  Etc.

                  not sure what you mean?
                  Last edited by Perry; 01-12-2020, 10:28 PM. Reason: fixed quoted text

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                  • #10
                    AKL to introduce a city tax for vehicles in much the same way as London, Copenhagen etc. click image to be taken to the article on RNZ

                    Click image for larger versionName:	eight_col_2097782_l.jpgViews:	0Size:	62.7 KBID:	722334

                    cheers,

                    Donna
                    SEARCH PropertyTalk, About PropertyTalk

                    BusinessBlogs - the best business articles are found here

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                    • #11
                      Originally posted by Jeffa View Post
                      The scary thing is the $100 billion dollar bond purchase program (money printing) hasn't even started yet and house prices have increased %20.
                      I wonder whats going to happen when it actually makes it way too the banking system.."hint hint wink wink"
                      Just wondering, nobody predicts selling properties for Bitcoin and buying houses using
                      decentralized finance (DeFi). Do people think the current finance system revives itself?

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                      • #12
                        Originally posted by klauster View Post

                        Just wondering, nobody predicts selling properties for Bitcoin and buying houses using
                        decentralized finance (DeFi). Do people think the current finance system revives itself?
                        4 words to remember for future predictions.
                        Central Bank Digital Currencies (CBDCS)

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                        • #13
                          Originally posted by Perry View Post
                          Any guesses about general infrastructure?

                          Transport?
                          Telecomms?
                          Electricity?
                          Local and national gov't functions?
                          Etc.
                          Originally posted by hawkeye View Post
                          Not sure what you mean?
                          What you've portended is a general socio-economic collapse. Mainly money & gummint-related.

                          What of the things that nowadays make society function? E.g. EFTPOS, Internet comms, etc.

                          Even now, if the electricity goes off, shops rush to close their doors, because they cannot transact business. Much the same if the comms network dies - something that EFTPOS is totally dependent on.

                          If they experience major disruptions in the future, the ripple effects will be significant.
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                          • #14
                            Well we still print everything like bank statements as I don't trust online. I just started looking into Bitcoin last night, opened account. Been watching it today. Fascinating. Might have a dabble soon.
                            after the earthquakes here I make sure we have water, big food cupboard. Means to make chemical toilet. Spa pool doubles as spare water supply to flush toilet and wash if water goes off. Wasn’t fun having no water or power for nearly a week.

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                            • #15
                              Originally posted by hawkeye View Post
                              Well, we still print everything like bank statements as I don't trust online.
                              Do the same with your tax returns, eh what? Candidly, I don't imagine a printed bank stmt. will make any difference if the bank is closed, there's no electricity and no Internet or telephone comms.

                              Anecdotally, I heard that seed suppliers and plant nurseries were run off their feet during shut down. Maybe the people (beasts of muddied brain) are not as stupid as I thought?

                              Originally posted by hawkeye View Post
                              After the earthquakes here I make sure we have water, big food cupboard. Means to make chemical toilet. Spa pool doubles as spare water supply to flush toilet and wash if water goes off. Wasn’t fun having no water or power for nearly a week.
                              I can relate to that. Well, in a sense. I've got it mostly covered.

                              The inverter generator I have will run a house and I have a good supply of petrol that I rotate. But . . .

                              The biggest snag is 3 phase electricity to run the deep well water pump.

                              Or perhaps there's a bigger snag? Those who might feel they have more of a 'right' to it than I have?

                              I hear it's difficult to buy defensive automatic weapons these days, never mind the ammo.

                              "Interesting times" ahead, indeed.

                              Maybe comrade socialist Cindy will get a float from comrade commissar Putin?

                              Who knows?

                              Ever watched the movie: "A Very British Coup?"

                              Sobering, t'was.



                              Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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