Originally posted by Wellington Broker
View Post
Announcement
Collapse
No announcement yet.
Interest Rates
Collapse
X
-
Originally posted by Dunning View PostPrometheia, just in the process of getting a loan with Westpac and they seem reluctant to offer discounts off carded rates. Did you get cashback? Where your LVR's below 60%? any other unexpected hurdles?
Comment
-
-
Originally posted by Bobsyouruncle View PostBNZ informed me yesterday that the Reserve bank just issued a policy instructing banks to not include any foreign income into debt servicing requirements, even for NZ citizens.
Further attempts to shut out non residents I guess?
Comment
-
It would be interesting where they draw a line between foreign income and an export-oriented business. If someone is self-employed and contract for a company overseas - is that a foreign income? If yes, after the self-employed register a limited company and pay shareholders salary, while essentially doing the same as previously - that's not a foreign income anymore? Stupid rules.... Stupid over-regulations. If a bank feels comfortable and low-risk to lend to someone, why some unelected organisation (RBNZ) stops the bank from doing that?
Comment
-
Originally posted by ivanp View PostIt would be interesting where they draw a line between foreign income and an export-oriented business. If someone is self-employed and contract for a company overseas - is that a foreign income? If yes, after the self-employed register a limited company and pay shareholders salary, while essentially doing the same as previously - that's not a foreign income anymore? Stupid rules.... Stupid over-regulations. If a bank feels comfortable and low-risk to lend to someone, why some unelected organisation (RBNZ) stops the bank from doing that?
Spot on... This interference with the free market will add volatility and increase risks which is the exact offsite of what they're trying to achieve.
Comment
-
Originally posted by Don't believe the Hype View PostSpot on... This interference with the free market will add volatility and increase risks which is the exact offsite of what they're trying to achieve.
Trump is practical enough to see that.
Comment
-
You're right... Broken model ... Everyone should return everything to communal ownership, houses, cars, clothing, furniture artworks oh and everyone released from jails...
Redesign everything agree on the new rules - don't forget in a communal environment everybody has to agree to all the rules - and start again picking items from the pile based on the new rules of engagement.
Comment
-
Originally posted by Don't believe the Hype View PostYou're right... Broken model ... Everyone should return everything to communal ownership, houses, cars, clothing, furniture artworks oh and everyone released from jails...
Redesign everything agree on the new rules - don't forget in a communal environment everybody has to agree to all the rules - and start again picking items from the pile based on the new rules of engagement.
Comment
-
If they want less foreign money competing with locals why not just do what the Aussies do and force them to build new?Free online Property Investment Course from iFindProperty, a residential investment property agency.
Comment
-
Originally posted by Nick G View PostIf they want less foreign money competing with locals why not just do what the Aussies do and force them to build new?
The problem is that new supply in any real quantity is generally only possible in outer suburbs which is not what the real foreign money wants, what you now see is foreign money buying good houses is top suburbs then tearing them down to rebuild - meets the 'new build' requirement WITHOUT actually increasing supply
Comment
Comment