Tinkering

[PC]

Have a mix of everything - Property, shares, gold, bonds...
Direct ownership gives the best return with higher risk.
But it gets to a point where the hassle and work required out ways the need for an extra % point....

[PC]

Are us naughty "speculators" driving the market higher?
Personally I can only afford to buy something that makes economic sense. A bargain that can wipe it's own nose.
Can't compete with the Government spending $750M to snap up houses at full market value.
Can't compete with...

[PC]

Here's why I can't get excited about 12 families getting homes | Stuff.co.nz

When the Government released a video this week revealing it had put 12 families into newly built homes through its progressive homeownership scheme, it generated a few double-takes.

“Transformational...

[PC]

Gotta be seen to be punishing those naughty speculators!
Transformational Government at work.

[PC]

Unit trusts spread over many properties/shares would be safer in preference to owning one building.
Easier to sell. Less return with fees and higher taxes. Not so dependent on one tenant.

[PC]

In its latest Monetary Policy Statement the Reserve Bank is forecasting a house price inflation peak of 22.4% in June this year before falling to 10.2% by the end of the year | interest.co.nz

22.4%!!!!
Gotta LOVE this Government.

[PC]

Are you nuts?

https://www.stuff.co.nz/life-style/h...lated-sleepout...

[PC]

If a bare section of 400 square metres in Flat Bush sells for $800,000, no amount of tinkering with free school lunches and free period products will make any significant difference to the stress which very large numbers of New Zealand households are under – both those who are paying rent and those

...

[PC]

Labour - nobel virtue signalling idealist - 100% successful at complete failure - yet again.
With such unbalanced, unjust laws - who would have guessed?...

[PC]

That atrocity happened in ChCh - Not Australia.
So ScoMo is doing a great job, for Australia.

[PC]

How's the "housing crisis" in Australia?
The no stamp duty on new builds plus their fast development tribunals makes it possible to build.

And their CGT has no doubt solved child poverty....

[PC]

Try a "mini-retirement".
Take 3/6/12 months off and give it a go.
Then have the option of return to work or partial return to work.
You still have quite a high debt ratio (50%). Income off $1M is what - $30k pa - a bit light.

[PC]

Despite new properties being exempt from new lending restrictions, ASB Bank has stopped providing new build loans to investors above 60% LVR.
https://www.goodreturns.co.nz/articl...stor-loan.html

Can't borrow to build new houses? Oh dear. Unintended...

[PC]

Thanks Graeme.
Some great words of wisdom there.

[PC]

A squeeze on Tauranga's housing supply is seeing people desperate to find a home coming to a rental agent in tears.
https://www.rnz.co.nz/news/national/...ou-re-a-tenant

With the new insane tenancy laws - it's going to get a lot...

[PC]

https://www.msn.com/en-nz/news/natio...2R8?li=AAFtepJ

The Ministry of Social Development (MSD) is defending an emergency housing provider listing a two-bedroom motel unit at double the market rate.
The Amisfield...

[PC]

Initio Insurance don't cover middle units in a block.
This seems to be a change from previous years.
Beware if renewing insurance with them.

[PC]

But fixed term automatically rolls over to periodic. Then you have to use one of the "reasons".
How do you get the tenants out at end of a fixed term?...

[PC]

Remove deductability of interest perhaps?
That'll fix those nasty speculators! Teach 'em for paying top dollar for investments.
Rents going up again me thinks (in about a years time though....)

[PC]

What? Do you think you own the house or something?
It's the tenants HOME. Not yours.
Yay Socialism - this time it's different....