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[Sanya]

I think it is highly relevant to Donna's question of how the debt servicing of almost 46% of combined income got approved in the first place!...

[Sanya]

Yes. Most of ACTs votes came at from former National supporters....

[Sanya]

The article mentions the loan is from a non-bank lender.

While NBLI's are still regulated by RBNZ they are known to be more liberal with their loan structures and approvals than traditional registered banks.

As a side note I see the minister of Finance has entered into an MOU...

[Sanya]

According to the ruling "The tenant destroyed the stove and left it in the backyard. The curtains have been cut and torn."

As compensation, the landlord was given $100 to replace the oven and $40 to replace the curtains.

Although the kitchen is "wrecked"...

[Sanya]

Congratulations Chewbucca.

Electricians are in heavy demand for repairs, home improvements and new builds. Your timing for the market opportunity is perfect. All the best to you and your wife....

[Sanya]

Perhaps. One wonders whether inflation will compel an OCR increase sooner bearing in mind that it usually takes between 1 - 2 years for changes in the cash rate to have their maximum effect on economic activity and inflation....

[Sanya]

Keep it civil.

I don’t agree with McDuck on very much but appreciate his frequently differing views which often provide pause for thought and act as a valuable antidote to in-group homogeneity. I hope this forum can avoid balkanization whilst encouraging an argumentative community....

[Sanya]

What action do you reckon RBNZ should be taking?

Seems to me they were late with the LVR restrictions, they should have been in place late last year.

Further, its looks like they plan to be late with lifting the OCR. Second half of 2022 is one current interpretation of...