I doubt this could happen here.
I did a bit of online searching and found that in the UK you can have an IO mortgage for up to 40 years! A good arrangement for investors keen on cashflow but it's not okay for homeowners who are often ridiculously naive. I doubt this homeowner believed...
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^^ Yes, however the confidence in mainstream media has been lost due to their impartiality and biased reporting....
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Why Mainstream Media is Dying
Sorry I accidentally deleted the earler thread
The handouts offered up by the Ardern Government to mainstream media continue until 2026 - is this why we're not getting balanced reporting? Muriel Newman - says it as it is - and hence confidence in the local media is dive-bombing....
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Go Winston
From: http://www.youtube.com/watch?v=][URL]https://www.youtube.com/live/rA61gxX3_uw?si=TetITPYF2HRlb9W6[/URL]
State of the nation address today
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When will the US share markets take a dive - ie when will the bear end this year and what will cause it?
Is it safe to say it will be smooth sailing up until the election?...
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We probably need to acknowledge NZ is broke - thanks to Labour, the coalition has had to make some tough calls. I still trust they will get the job done.
Yeah we miss out on the 10%, and it’s disappointing, but we’re getting back to 100% a year earlier. There’s no getting around...
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Use Private Message if you want your message to be private otherwise everyone can see it.
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^^ however I thought we were getting 60% in the current year but that is back to 50%. ...
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Interest deductibility confirmed
Good news - David Seymour confirmed interest deductibility back to 100% from 2025.
regards
DonnaLast edited by donna; 11-03-2024, 08:13 PM.
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^^ if you had a spare few grand would you hold off investing in the market until the 2nd half? For example index funds?
cheers
Donna...
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^^ I’m wondering - if rates start going up again - especially near the time of renewal how confident are you to keep with short fixed terms or will you lock in a 5% for longer term?
cheers
Donna...
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RE Agents run off their feet
Is this the news we expected?
Source
So lots and lots of listings and the prices are going up!
I wonder how the rest of NZ is doing?
If investors are listing - that's not great news for renters.
regards,
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Jeffa, I thought you lived off the interest off your leveraged investments (share market). e.g. borrow $1m - live off 10% net return = $100K.
regards
Donna ...
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It so will - not looking to flash right now and who’d be able to hang on - lender may tap on shoulder demanding a top up to fix LVR - that would surely be the nail in the coffin.
regards
Donna ...
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