10000 net increase of public homes

[donna]

^^ some moteliers have done very well - $16m revenue from EH in one year for one Manukau motel.

Didn’t know but National started the use the of privately owned motels for EH back in 2016.

cheers

Donna

[donna]

Labour has added 10000 public homes since coming into office, says Hon Dr Megan Woods. Congratulations!

Of course, the same person said Kiwibuild would produce 100,000 by 2028 or 10,000 a year. To date, the number is around 1300, with 1200 under development.

However, there...

[donna]

Yes well on that same RNZ show I was listening to - there was mention of rent caps and wait for it = Landlord WOF - what would that look like?

cheers,

Donna...

[donna]

Hi Watchful

Nice to have you online. Yes, we’re 19 years in now and a lot of discussions have happened.

Fewer threads these days but nonetheless quality and worth following and also sharing your thoughts too.

cheers

Donna

[donna]

Property Management fees will go up and the increase passed on to tenants? Is there a regulatory fee that PMs need to pay?

RNZ had it on when I was out driving - just caught the tail end of I think Renters United mentioning a property WOF again.

Cheers

Don...

[donna]

Andrew King retires as President of NZPIF and it's a BIG loss for property investors. PropertyTalk started nearly 20 years ago and Andrew King was one of our first members. Over the years (25) Andrew has lobbied on behalf of investors, and he was a regular in news items - standing up for Landlords and...

[donna]

^^ well said brokerman.

Maybe we need a discussion that has all the actions the Govt has taken that has made Kiwis poorer, and disenfranchised.

Cheers

Donna...

[donna]

Far from appearances, NZ is broken. I recently took a short trip to Melbourne and experienced the mayhem of our national carrier AirNZ. What's alarming is it's part-owned by us - the taxpayer via the Govt.

Due back on a fight from Melbourne to NZ on Sunday evening - the App started sending...

[donna]

Biden is quick to say he believes it's not from Russia. Ukraine - hoping Russia will get the blame and NATO gets involved?...

[donna]

^^ Couldn’t agree more. We’re isolating NZ with this BS.

It’s not empowering Māoris - it’s diluting their culture and specialness IMHO....

[donna]

I know someone who missed out on a high up job to do with engineering because they didn’t speak Te Reo Māori. In their current job they have lessons every Monday paid for by the taxpayers.

cheers

Donna...

[donna]

It’s 15 months out - I have a loan coming off fixed end of Jan 2024 - what’s your thoughts - downwards trend on rates? Or as I fixed at 4.95% will I be in for a shock?

cheers
Donna ...

[donna]

^^ This would catch out buyers who used 2nd tier lenders to maybe top up their borrowing to afford a property or all their loan is on the higher interest rate and it will keep getter higher.

I recall property coaches saying to use non-banks initially (I think for deposits and renovations)...

[donna]

They’ve been there 11 years - so won’t they just go with cap in hand to social services and get them to pay the rent increase - whatever it is? What happens next if SS pay it? If you say you’re renovating they may get put up in a motel on the taxpayer until your freshly renovated property...

[donna]

^^ It's got to be on their (Lenders') minds - if values keep going south. Borrowers may incur an additional fee or be asked to top up?

cheers,

Donna...

[donna]

Ummm definitely an interesting and complex issue. Do what allows you to sleep at night - aka do the right thing!

You need them out so you can get the property up to standard for the next tenants.

cheers
Donna...

[donna]

Hi PMB,

I'm interested in hearing more about this one -



With so many properties now valued lower than when they bought them - many borrowers will probably have loans higher than the 80%. Will they get pinged with an 'additional fee'?

cheers,
...