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This is laughable at best

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  • This is laughable at best

    Have you read this latest - quoting AKL Uni Professor of Economics - who says....

    We're almost hysterical

    Andrew King did a good job in response. Who listens to academics anyway - they are so far removed from the real world.

    cheers,

    Donna



    Economist says public shouldn't take "heavy industry lobbying" at face value, but investors' group says he's "putting words into our mouths".
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  • #2
    What is laughable is University professors who make an income of governments taxes and student loan debt pretending to know how the real economy works..ask McDee.

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    • #3
      ^^ my comments should have said ‘Landlords who are academics - excluded’ as they do know what’s going on.

      cheers

      Donna
      SEARCH PropertyTalk, About PropertyTalk

      BusinessBlogs - the best business articles are found here

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      • #4
        Originally posted by Jeffa View Post
        What is laughable is University professors who make an income of governments taxes and student loan debt pretending to know how the real economy works..ask McDee.




        It's all clickbait.
        People love drama, keeps the hacks in work.
        Lot of selective out of context quoting in this.

        Yes, there are a few property investors who are reacting on a very emotional level.
        But most are just calmly rearranging their affairs to make the best of the new rules.
        Yes, there is an element of manipulation in all of this.
        But also, there is an element of truth too.
        Some people will try and pass on their costs to the end user.
        Some will be able to do that. some will not.
        Depends on the flexibility (in the choices and income) of the next person down the chain.
        Every business knows that increasing prices tends to reduce sales.
        (Except at the really exclusive end of the market, where the unaffordability of a supercar say, is a status symbol itself).

        Immigration and repatriation have a lot to do with the demand side on this.
        And that ball is still in play.

        I think that most property investors aren't really property investors,
        Just people who happen to be into property because it was the best deal in town at the time.
        It just became a slightly less attractive deal.

        If the Trading Banks were forced to locally fund their lending, and give out good returns, for the use of people's money...
        You'd get an exit form the property game.
        Then you would see who the real property enthusiasts were.

        But to your question.
        Why choose academic knowledge over practical experience, or vice versa.
        Why not use both.


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