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

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  1. Replies
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    Poll: 10 second google search... our friends at...

    10 second google search... our friends at wikipedia

    Allan was born in Te Karaka,[3] of Ngāti Ranginui, Ngāti Tūwharetoa descent. She is part of a family of 10 children.[4]
    She dropped out of...
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    24,849

    Poll: What do you think this bloke did for a living...

    What do you think this bloke did for a living before he became a politician?

    What dismays me the most about our political system is that any fool can run for a seat in local or central...
  3. This is a mistake I see people make all the time....

    This is a mistake I see people make all the time. Thinking they can turn a poor performing asset into a better performing asset due to investing a huge amount of their own resources (in your example...
  4. I recall seeing charts that use a base year of...

    I recall seeing charts that use a base year of (2004 i think) that show that with the exception of the latest spike in values Auckland has not outperformed from a CG perspective. While I agree...
  5. I think you've already identified where you went...

    I think you've already identified where you went wrong (other than paying ronovations $15k). You mention a number of times that you bought at or above market...

    How would you say your...
  6. have you hear of ring fencing of property? Where...

    have you hear of ring fencing of property? Where will you claim that $3k back? Do you have other cash flow positive properties to off set agains?
  7. blocked up the upstairs toilet by using cut up...

    blocked up the upstairs toilet by using cut up t-shirts the redcross gave them at paper instead of buying a few rolls... blocked before the gully so backed up the pipe to the point of overflowing......
  8. This is an interesting observation and one that...

    This is an interesting observation and one that back comments I've made in the past. The new housing standards remove the option for tenants to 'choose' the standard of accommodation that meets...
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    anything is possible. I would think you'd...

    anything is possible.

    I would think you'd need to provide a bit more information and details for anyone to provide you any real help.
  10. it would be interesting to see the % of self...

    it would be interesting to see the % of self managed rentals in other markets. I don't think many do it in Aus but have no idea about the US/UK etc...

    anyone got these stats to hand?
  11. our business banking manager this week emailed to...

    our business banking manager this week emailed to say he's been seconded to another role for 6 months and we'd get a temporary manager yet to be confirmed.

    This was our 3rd BNZ banker in 6...
  12. This is sound advice Ross and something I...

    This is sound advice Ross and something I subscribe to and achieved. Great for those yet to enter the market. But it's unhelpful to the many who have cash flow negative holdings already. What...
  13. of note is that the article is 2009 a very...

    of note is that the article is 2009 a very different time.

    the corporate landlord concept I've talked of before is a lower risk proposition as they would likely be kiwisaver funds who get regular...
  14. This article doesn't seem to be related to the...

    This article doesn't seem to be related to the mega landlord business model being flawed rather one of ego driving decisions.


    A ferrari, jaguar and Range Rover are un-required drains on cash...
  15. no doubt it will have a negative impact on...

    no doubt it will have a negative impact on property investment due to the negative impact on overall returns but Donna raises some interesting points around

    i) delaying of maintenance - if there...
  16. why do they get to choose it it is providing you...

    why do they get to choose it it is providing you with something?


    I guess they're right... it's providing you with annoyance and additional costs... so pay up
  17. We took in refugees last year as part of our...

    We took in refugees last year as part of our attempt to give back. We had many local applicants that were worthy of the property. The property was a fully renovated property we'd just spent a lot...
  18. Blind belief in fictitious forces have kept huge...

    Blind belief in fictitious forces have kept huge civilizations in order before.

    and still working very well today.
  19. if they're asking you to trim. I guess you could...

    if they're asking you to trim. I guess you could trim it to the ground. Would they then have an issue with how far you trimmed it?
  20. Lovely biased document. I love the part in...

    Lovely biased document.

    I love the part in the FAQ's
    "Isn't it unfair that a $350k bach is taxed whilst a $4m family home is not" - answer - "yes it is but it's less unfair than a $350k home" ...
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    Sticky: I read today about a LL in Auckland fined huge...

    I read today about a LL in Auckland fined huge money for about 87 bond lodgement breaches... I fully support the action of the MBIE cracking down on slumlords who fail to do the right thing and treat...
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    Sticky: when you say 'professional landlords' you mean...

    when you say 'professional landlords' you mean Property Management companies?

    Who is deemed responsible to pay this fine is the the PM company or the individual property owner?
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    Thanks Artemis.

    Thanks Artemis.
  24. You don't have to be a labor voter to wish for...

    You don't have to be a labor voter to wish for things... but when your wishes get in the way of critical thinking things start to go off the rails.

    I stated that the red tape and bureaucracy would...
  25. No. The floor under pricing is due to the...

    No. The floor under pricing is due to the inefficiency of the market driven by many factors one of them the red tape of councils. The more they get in the way, the more it will support and even...
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