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  1. #5441
    Join Date
    Sep 2004
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    Hastings
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    Quote Originally Posted by OnTheMove View Post
    . . . let's not ignore international economists, they are right.
    Bollocks!

    No. Let's ignore them. They are economic soothsayers, after the fact. Their record of failed predictions of what was going to happen - and their failure to predict things which did happen - speaks for itself.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  2. #5442
    Join Date
    Feb 2015
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    378

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    Waiting for a bargain may never come. Sounds like 80% of the population, waiting for the prices to come down. Or some missed the gains and now throwing their toys.
    Yes the prices are over inflated due to the boom post GFC, and there was a reason, monetary policies , cheap credit , most importantly just look at how many houses we built pre GFC.
    So over a period of say 10 years, things will need to adjust, until wage and everything else catches up. it will come in line. it always does.
    Last edited by Bluecoat; 25-10-2019 at 04:50 PM.

  3. #5443
    Join Date
    Apr 2018
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    145

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    Quote Originally Posted by Perry View Post
    Bollocks!

    No. Let's ignore them. They are economic soothsayers, after the fact. Their record of failed predictions of what was going to happen - and their failure to predict things which did happen - speaks for itself.
    Not what I meant Perry. Im saying the facts they are saying are correct, Im not saying their predictions are accurate. Like the link I posted, yes we are very over priced but we have an iron guarded bubble

    All Im saying is IF it does happen, we cant say we didnt see that coming.

  4. #5444
    Join Date
    Apr 2018
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    145

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    Quote Originally Posted by Bluecoat View Post
    Waiting for a bargain may never come. Sounds like 80% of the population, waiting for the prices to come down. Or some missed the gains and now throwing their toys.
    Yes the prices are over inflated due to the boom post GFC, and there was a reason, monetary policies , cheap credit , most importantly just look at how many houses we built pre GFC.
    So over a period of say 10 years, things will need to adjust, until wage and everything else catches up. it will come in line. it always does.
    100% Im with exactly what you have stated. I do think its possible Auck median may lose another 10% but it will be a slow bubbling plateau of ups and downs. But wages are another way the government can solve affordability. But their lack of small business support which is where it all starts is just criminal. Health is screwed and Education none of those overly affect housing but, Small Business, Health and Education are the mainstays of a healthy economy.

    People are educated so can do wonders at work, Small business can utilise these really educated kiwis to come up with amazing products to improve our GDP, and a proper Health system like Medicare in Aus as a minimum keeps our work force running. None of those have been a focus by Governents for 4 decades.

    So no wonder we pump out so many smart people who simply go to Aus because of the lack of Monetary insentive and Health and employment via Small Business in Aus.
    Last edited by OnTheMove; 25-10-2019 at 07:22 PM.

  5. #5445
    Join Date
    Sep 2008
    Posts
    7,644

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    it's not just nz having these problems

    a new nz leader or party can't simply wave a new policy wand and make the effects of globalisation go away without tossing us back to a worse time

    globalisation has allowed the efficient to make more cash and live where they like

    and the inefficient to blow cash and get stuck where they don't want to be


    last century's biggest experiment was socialism/communism

    which killed millions and blighted billions

    should we try again to grow a massive state to prevent individuals from harming themselves through foolish choices?

    certainly we should keep trying to help people look after themselves and their families better

    but not in the HUGE crazy steps you suggest

    which have failed everywhere they've been tried

    but there are still plenty of fiscally and morally bankrupt states still barking up the wrong tree

    of let's just pass laws to make others give us the rewards of their work

    banks fail when depositors lose trust in them

    and countries when heavy handed governments squeeze the workers dry

    will be interesting to see what americans want

    and how they go about getting it

    Elizabeth warren is remarkable. Born into a struggling family in Oklahoma, she worked her way up to become a star law professor at Harvard.
    As a single mother in the 1970s, she broke with convention by pursuing a full-time career.
    In an era of rule-by-tweet, she is an unashamed policy wonk who is now a front-runner to be the Democratic nominee for president in 2020.
    Polls suggest that, in a head-to-head contest, more Americans would vote for her than for Donald Trump.

    But as remarkable as Ms Warren’s story is the sheer scope of her ambition to remake American capitalism.
    She has an admirably detailed plan to transform a system she believes is corrupt and fails ordinary people

    https://www.economist.com/leaders/20...can-capitalism
    Last edited by eri; 25-10-2019 at 07:38 PM.
    have you defeated them?
    your demons

  6. #5446
    Join Date
    Sep 2004
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    Hastings
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    Time to re-run that so-explicit cartoon . . .

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  7. #5447
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,059

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    "As this article says, CGT on $1 trillion would have been $300 billion or 700 000 homes. Or fund the next 14 years of Pensions.."

    Which continues the error that all politicians and lawdrafters make - the assumption that people will not modify their financials once a law is passed that penalizes the existing setup.

    There are always ways around these things for the smart and wellfunded.

  8. #5448
    Join Date
    Apr 2018
    Posts
    145

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    [QUOTE=Perry;444647]Time to re-run that so-explicit cartoon . . .

    Yes in NZ because we are so damn isolated thinking we are a country but really we are a town run by the Sheriff of Notingham with no Robin Hood.

    Socialism does work in many countries who have solid economies. Look at countries like Germany where health insurance is compulsory etc, taxes are high but everything is provided for, look at their property market on that graph, flat lines around 100 which economist agree is the ideal. For Germany to have no ups and downs simply means external economies and their own politics have no effect on their Property market. I have a fair understanding having lived there is a gorgeous house which when the folks die will have inheritance tax applied. If its not paid then the house is foreclosed and tax taken from that. Of course the majority of inheritees make sure they are prepared for this.

    So yes I know its failed in NZ but it truely is because people have F all idea how it should be run. A bit like somebody in pre roman britain trying to build cities with aquaduct

  9. #5449
    Join Date
    Apr 2018
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    145

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    Quote Originally Posted by flyernzl View Post
    "As this article says, CGT on $1 trillion would have been $300 billion or 700 000 homes. Or fund the next 14 years of Pensions.."

    Which continues the error that all politicians and lawdrafters make - the assumption that people will not modify their financials once a law is passed that penalizes the existing setup.

    There are always ways around these things for the smart and wellfunded.
    Perhaps a few with Business and smart accountants, but to be honest I think the majority would not bother and get use to it. Much like the price of Cigarettes yet people are committed to horrible deaths and paying out their bum for it. I remember pre GST. At the time there was an upror, but 1 year later and everyone was use to it and nobody cared any longer.

    NZ needs more tax on property, inheritance and assett testing for Pensions, or abolish them and make needing an old aged BENEFIT a WINZ based process. And make the age 67yo now, Not burdened on the next gen only. Fair is fair. :-)

  10. #5450
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    Sep 2004
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    Hastings
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    Quote Originally Posted by OnTheMove View Post
    Fair is fair. :-)
    Aha. All's fair and is fair in love and economics, eh?

    Since this is an era when many people are concerned about 'fairness' and 'social justice,' how do you calculate what is your 'fair share' of what someone else has worked for?
    See the tale of the little red hen, here.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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