And she knows less than nothing after 15 years about real estate investing.
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Economist says it's cheaper to rent - What are your views?
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Originally posted by Damap View PostAnd she knows less than nothing after 15 years about real estate investing.
Because she doesn't push one or the other doesn't mean she knows nothing.
Need to remember that what she writes isn't aimed at an Expert but average public.
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Yes I read Bernard's latest on Interest - but what he is not saying is the use of the loans that are secured against property is not always to invest in property - small businesses use them too.
cheers,
MarcLast edited by donna; 07-09-2015, 05:26 PM.Free business resources - www.BusinessBlogsHub.com
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Kiwis have failed to learn the lessons of their debt gorging ways
13 February 2016
Originally posted by Shamubeel EaqubGlobal banking sector woes are a warning for New Zealand. We are stuck in a doom-loop of debt gorging and economic vulnerability. Banks should be made to hold more capital and aggressively manage the risks at home: a distressed dairy sector and a ridiculously overinflated housing market in Auckland. The Reserve Bank can and should do this.
Bank share prices are falling globally and their cost of borrowing is going up. This has spread to the Australian parents of New Zealand's four major banks. There isn't the same panic as the Global Financial Crisis of 2007, but then history doesn't repeat but it rhymes.
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Saw him present at a Property Investor meeting in Wellington last month. He now has a part share in an investment property in Wellington.
He made a number of good points, although it did feel a bit like an infomercial for his book. Didn't make me want to rush out and sell any properties below value to first time buyers.
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Some further insights into Shaumbeel's mindset and world view, here.
Reserve Bank needs to better communicate its cash rate cut reasons
12 March 2016
Originally posted by StuffThe Reserve Bank managed to do the right thing and the wrong thing at the same time.
They cut rates by 0.25 percentage points to 2.25 per cent – which was right. Their
communication in the lead-up and on the day was wrong. They did not get across that
the Reserve Bank favours growth and is does not fear impending inflation. That is all most
people in the economy need to know.
Like central banks everywhere, they play these games of obscure language, process
and inability to plain-speak what they are doing, why they are doing it and why it mat-
ters. The reason the Reserve Bank cut rates is that there is little inflation, little pros-
pect of future inflation and growing risks from the global economy and our dairy sector.
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