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[hawkeye]

Porirua has lots of low income tenants that qualify for accomodation supplements and WFF for lots of kids I imagine so they can afford to pay high rents?...

[hawkeye]

And so could the first home buyers be doing that like my parents and parents of most people I know.

Landlords don’t do it because they aren’t developers. They are quite different skills required to be a developer. Plus the rents would have to be at much higher levels than they are...

[hawkeye]

I’d avoid iag if you can. Although they have bought up almost everyone else now so might be hard.

They were plain evil when dealing with my friends earthquake repairs . First the repair job was awful and she had to take them to court to make them pay to remedy it which took years of her...

[hawkeye]

And it depends on your personal situation whether you take the risk. If you have lots of debt and an uncertain job eg in communications or working for government I would be hunkering down. If you are debt free and have a few rentals you might want to hold on and see what happens....

[hawkeye]

You aren’t guaranteed any capital gain in the near future of course.

Look at the opportunity cost. If you sell and put money in term deposit how much interest would you get? How much is rent less the expenses you will have to pay.

the difference between these values is...