Opoly property investor crowdfunding is off the mark with a section in Oamaru

[donna]

This crowdfunding org first had a couple of properties (an apartment and a commercial property) - but couldn't get investors interested - however they are now in the game with a section...

100 investors put in $100 for a section purchase price $103K. They hold the land for 3 years, sell...

[donna]

I wonder what self regulation of BNPL would look like?

cheers

Donna

[donna]

Probably won’t be able to use KiwiSaver either - there’s a cap on the house price to use it and it really is out of touch with current prices.

cheers
Donna ...

[donna]

Anyone building at the moment? Seems NZ will suffer long delays for building supplies and pay up to a third more when they can get their hands on even the basics like 4x2 wood.

House prices sure to rise!

cheers

Donna...

[donna]

Growth is slowing down....

. Stuff

AKL may go off again though once it comes out of L4 lockdown.

cheers,

Donna...

[donna]

Let that be a lesson for our Govt. They can not control the market let alone even influence it for a meaningful period.

cheers

Donna

[donna]

More from Muriel - in her recent newsletter.....



3 Waters campaign page here: www.nzcpr.com/3waters. There is a templated letter calling for a referendum and I have sent it off to a councillor in my area. Muriel also includes the email addresses of all councillors making...

[donna]

Sweden hasn't nailed it and they've had rent controls for decades...

[donna]

Nicely put Jeffa

[donna]

Ashley Church can string a sentence or two together and his piece on home affordability or more accurately mortgage affordability is worth the read.

His point of view is there's been little change in affordability in years. I.e. lower interest rates = less mortgage rate interest = cost...

[donna]

Hi Sarah,

No 3 looks a good option - however, could they get a home for $900K? Two homes would be better than one. The lender would use both for security (I suspect).

There is the Healthy Homes compliance for the rental but that could be done after they've moved into their...

[donna]

Thank you. Most of it is good for the personal loans and ‘shop truck’ crap. Hopefully the new rules nail some of those shoddy operators.

Mortgages is different though and seems to be lumped in with the credit cards, personal loans etc which doesn’t really seem right.

...

[donna]

^^ I don't believe agents should be allowed to suggest 'development potential' unless it's proven.

You've got the FOMO crowd, who fall for the agent's silver tongue and their urgency i.e. pushing for offers and their encouragement to make it a good one - hey, don't worry - you'll be fine,...

[donna]

Hi Brokerman,

I have a few questions....

1. What's changed for borrowers?
2. What's changed for mortgage brokers - like you?
3. Why has the CCCFA changed?

Agree with your sentiment re. BNPL - it is catching out consumers and missing payments may...

[donna]

^^ that's a good rate. I got in with 2.19 a couple of months ago so thankful for that. Just read article re. UK recovery and how their realistic that inflation will go beyond 2% but it will be transitory so no push up of interest rates as it's expected to fall back below 2 by 2023. Why can't our...

[donna]

Ok thanks for the feedback....

[donna]

Hi Kaye,

We did some updates - your browser maybe caching the login page. Use another browser or do a deep refresh



There are also keyboard shortcuts to perform the equivalent hard refresh. Because there are multiple ways to do the same action, they will be listed...

[donna]

A little bit of empathy goes a long way. A teenager was in the park near us with his drone. First thought was - he's breaking the L4 rules. The next thought was to wait to see what happens next. He walked around the park with his drone - exercising and he never flew it. While it would have been...

[donna]

Hi All,

I encourage you to read Matthew Gilligan's blog post - a reply to a couple of academics pushing for tougher taxes for property owners. The annual equity tax - where you could be up for paying a tax on the increase in equity in your property - even though it's not realised. ...

[donna]

Thanks Ross - yes they'll be useful. With the RBNZ holding the OCR is it possible the major banks will roll back their recent rate increases? Or maybe a better question is - what will it take for the banks to roll back the increases? Maybe it's just a matter of AKL and poss the entire country in...