They look pretty good!
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Originally posted by propertynewb View PostRefix @ 63% LVR
Anyway, I surely was not that special and the only discount I got was 5.06% (instead of the advertised 5.09%) for 3 years.www.PropertyMinder.co.nz
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From here we expect further tightening of lending criteria,
some easing in net migration inflows,
little movement in interest rates,
but continued strong economic and jobs growth."
https://www.stuff.co.nz/business/968...-find-new-jobshave you defeated them?
your demons
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the economist on how to deal with overly high asset prices and low interest rates
the main safety valve lies elsewhere, with banks and investors.
Bitter experience has shown that debt-funded assets can magnify losses, causing financial crises. (like housing)
For this reason banks must be able to withstand any reversal of today’s high asset prices and low defaults.
That means raising bank capital in places where it is too low, especially the euro zone, (and NZ)
In the end, however, there may be no escape for investors from the low future returns and even losses that high asset prices imply.
They and regulators should take a leaf out of “The intelligent Investor”, and make sure that they have a margin of safety.
so NZ banks are building buffers for the net downturn
as are prudent NZ investors, and the next gov. should do too, by paying down debt and not spending up
https://www.economist.com/news/leade...set-prices-areLast edited by cube; 07-10-2017, 11:47 AM.have you defeated them?
your demons
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