How international market forces affect NZ property

[Frezzinghot]

https://youtu.be/IvWUKzRsTK0

[Frezzinghot]

https://youtu.be/wprB8vVRqMY

at 25:00 cardone laughs off the new 40yr loans being peddled by the US banks. Looks like the new tax slaves are being targeted after the turmoil of the scamdemic.

also watch at 41:16 they talk about the scamdemic, no one is even hiding it now, it’s all out in the open.

[Jeffa]

ANZ our largest bank has said the OCR will increase in November from pressures of immigration increasing spending as house prices increase.

1/The RBNZ just opened the housing market to more buyers with LVRs being lowered, their now trying to save it not put it out of its misery and bankrupt New Zealands economy.

2/Rents on average have only gone up $15 dollars per week, that's barely going to cover the cost of increasing overheads for landlords , and I doubt homeowners will be jumping to top up their mortgages with rates sitting so high atm.

3/ Why would ANZ even consider raising rates in November when the US is likely going to lower them?, are we not apart of the global economy , Has ANZ become more accurate in their forcasting than the bond market? No.

4/ ANZ is apart of the beast, they are playing their role and have to say what the are told, this is likely comming from the Orr telling ANZ to say this to keep a happy equilibrium .

5/ Rates increasing have a 12 to 24 month lagging affect, the worst is yet to come, when this happens rates will rapidly be lowered.

[Frezzinghot]

There is so much contradiction going on atm.

[chook]

There is so much contradiction going on atm.

That is because THEY havent got a F*@#@n clue! ha ha

Its very straightforward how all of this plays out..

[Perry]

Why is someone showing signs of dementia leader of the free world?

Couldn't possibly be because he's a puppet pressie, now, could it?

[Perry]

To avoid doubt, this is a serious question.

Definition: all currency is money; very little money is currency. (Most money is illusory - credit!)

Why does everyone [almost] keep referring to the gummint or RBNZ "printing money?" The RBNZ may order printed currency from the Oz Mint. That's not what gets 'helicoptered' around NZ. The gummint posses no means to "print currency."

The reality is that so called "money printing" is not the creation of notes and coin currency; it's an expansion of credit. (Which as defined above is one form of money.)

Even cartoonists get it wrong.


Are people so thick that they cannot understand that so-called money-printing is not that at all? As in so dumb that the reality has to be spoken of in such fantasy, fairy-tale-type wording?

Especially given that [supposedly] 2% or less of the total daily exchange transactions in NZ are in cash-money.

[McDuck]

Why does everyone [almost] keep referring to the gummint or RBNZ "printing money?"

It's just a simple two word phrase to explain a complicated concept.
A sort of approximation for convenience.

People who don't have the time or interest to understand the many complex layers of value designation and allocation both globally and personally can grab those two simple words and easily see they are being ripped off.

[Jeffa]

It's just a simple two word phrase to explain a complicated concept.
A sort of approximation for convenience.

People who don't have the time or interest to understand the many complex layers of value designation and allocation both globally and personally can grab those two simple words and easily see they are being ripped off.

I suppose money printing does sound easier to understand than Quantitative easing Quantitative tightening, Credit expansion or Credit contraction, liquidity squeeze or my favourite 'dovish or hawkish, it's meant to sound confusing, if the sheeple truly could comprehend whats going on at the central banks, there would be more than just protesting on parliament grounds.

It's a fine line between order a chaos .

[donna]

Have a friend who owns a construction company tell us today 2 building companies which I cannot name haven't sold any new builds for months. Banks are also not lending on new developments unless they are 80% pre sold.

Hello Chinese buyers!

Aussie is doing it - why no t us?

cheers

Donna

[Sanya]

^^ With no meaningful garden, no privacy, no sunlight and often no parking, many so called “new builds” will and to some extent already are being classed by banks as being “lending traps”. As with “shoe box” apartments, lenders must take into consideration market desirability and the ability for a property to maintain and increase its value over time.

[Frezzinghot]

^^ With no meaningful garden, no privacy, no sunlight and often no parking, many so called “new builds” will and to some extent already are being classed by banks as being “lending traps”. As with “shoe box” apartments, lenders must take into consideration market desirability and the ability for a property to maintain and increase its value over time.

Take a look around Auckland, there everywhere, the quarter acre dream is no more

[Frezzinghot]

https://www.stuff.co.nz/business/132086947/investor-will-sell-fourth-property-if-labour-wins-and-buy-another-if-national-does

Investors now leaving the market.

[Jeffa]

USA credit rating could be cut by credit rating agency Fitch
a decade or so ago Standard &Poor's cut the US credit rating, the S&P 500 sold off 17% in a single week, oddly enough I remember this because my portfolio in South Auckland began to recover from the GFC, the Fed had recently started money printing.

I doubt neither the Republicans or Democrats want to be the ones who caused America to default, they will magically come up with a deal on the debt ceiling over their long weekend.

Surprise surprise... not really

https://www.cnbc.com/2023/05/27/white-house-and-republicans-reach-a-tentative-deal-to-avoid-us-default.html

[Jeffa]

https://www.stuff.co.nz/business/132...-national-does

Investors now leaving the market.

Good

The less competition,the larger pool of tenants and profits for landlords that remain in the game.