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Type: Posts; User: Don't believe the Hype

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  1. more growth out of stigmatized Porirua ...

    more growth out of stigmatized Porirua

    https://www.stuff.co.nz/national/122831788/milliondollar-baby-porirua-races-towards-1m-median-house-price-mark


    There has been a series of sales of 2x3...
  2. weera - i think your coach needs to do more...

    weera - i think your coach needs to do more teaching and less telling... the idea of coaching is to enable you to make your own decisions, which it seems you still have some confusion about.
  3. Rates increase leads to 'cost justified' rent...

    Rates increase leads to 'cost justified' rent increased which based on yield leads to capital price appreciation... so you pay $5/wk, rent increases of $10 results in capital appreciation of $10k
  4. we now start all our rental adverts with the...

    we now start all our rental adverts with the following:

    Due to newly introduced government regulations a written reference from current and previous landlords is required as part of the...
  5. Photo op Faafoi is best with soundbites and only...

    Photo op Faafoi is best with soundbites and only when there is a camera pointed at him
  6. The simple answer is that the house you have...

    The simple answer is that the house you have isn't a rental based on the ideology of this government.

    Rentals of the future are only very small boxes. No pitched ceilings, no large areas of...
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    One thing our friendly socalists have not...

    One thing our friendly socalists have not considered is the number of properties that don't need rental income to pay the bills.

    In my case I could leave up to HALF of my properties empty and...
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    How is shelter a public good any more than the...

    How is shelter a public good any more than the provision of food or clothing.
  9. Replies
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    Well articulated - this business risk is...

    Well articulated - this business risk is something that fairy dust and photo op don't seem to understand. With increased risk in an open market comes a requirement for a higher return. This higher...
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    I'm not sure these people don't appreciate what...

    I'm not sure these people don't appreciate what they've been given (or what they pay market rent for in this case). In this case in particular i think these people don't understand the need for...
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    This statement is true - the slum lords as you...

    This statement is true - the slum lords as you put it are given an ultimatum - improve the properties or sell up. The problem Photo Op Faffoi has now is that the cost of capital required to improve...
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    i just heard an amendment being proposed by Photo...

    i just heard an amendment being proposed by Photo op Faffoi is to allow those impacted by domestic violence to end a tenancy on 2 days notice... while i'm a supporter of efforts to end domestic...
  13. Only for people with no integrity... I wonder if...

    Only for people with no integrity... I wonder if the the attitude is a function of self reflection.

    Good luck with your qualified HH people
  14. I'm happy to put my self audit up for scrutiny by...

    I'm happy to put my self audit up for scrutiny by any adjudicator at the sub standard TT any day... I will have no problem documenting & defending my position.

    I'm certainly not going to run...
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    so you're saying a disaster for everyone except...

    so you're saying a disaster for everyone except the Labor party who will get voted back in on the back of tenants thinking they've got their back - until the rents skyrocket and those tenants realise...
  16. what are the appropriate certifications need to...

    what are the appropriate certifications need to undertake the HH inspections?

    clipboard management?
    MS Office level 1?
  17. We're doing all our assessments now and have...

    We're doing all our assessments now and have bought up all the main components we will require anticipating a shortage. These assessments are very comprehensive and in my opinion over the top. ...
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    A month on from the last report here in P-town...

    A month on from the last report here in P-town properties for rent are back to really low levels of below 30 with the same number of properties for rent under $500/wk

    Below $300 = None
    $301 -...
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    Why not? I'm following the discussion and will...

    Why not? I'm following the discussion and will be locking at least that amount in the next 3-6 months.

    A couple of million isn't playing at the deep end of the pool.
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    Yesterday I was informed that ASB will be...

    Yesterday I was informed that ASB will be lowering their serviceability testing level... no confirmation on the new testing level or other banks intentions but if one does it the others are likely to...
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    3 months on from the below and hey what a ride...

    3 months on from the below and hey what a ride the world has been on...

    Here in P-town things seem to be settling down... 49 rental listings which is higher than most of 2019 but we occasionally...
  22. What happens when I replace this in 10 yrs... if...

    What happens when I replace this in 10 yrs... if it was on the asset register then depreciated 100% it's easy to prove the replacement is R&M. Fast forward 10 yrs... in 2030 when i'm doing my yr end...
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    I agree with your timeframe... what worries me...

    I agree with your timeframe... what worries me with regard to long term rates is that going towards that time long term rates will be low... at the bottom the long term rates will start to head...
  24. Dec 17 3br unit selling for $380k... Mar20 same...

    Dec 17 3br unit selling for $380k... Mar20 same unit sold for $480k up 26% in 2.5 yrs... strong growth off what I thought was a high price.
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    I believe that the long term rates will start to...

    I believe that the long term rates will start to ramp up as soon as we see any sign of green shoots. By July 2021 while the OCR may well be low the 5 yr rate could be starting to climb.

    I will be...
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