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  1. #51
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,973

    Default Foxy Loxy?

    I disagree.

    The Rates Notice with RV on it is only relevant to buyers and sellers.

    If the rent still comes in as it should, the ROI looks better-and-better, when set against the [declining] figures from Questionable Value (or whoever).



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  2. #52

    Default

    The Tipping Point will be Brexit, I think, but only for Europe, the US, and Australia. New Zealand will probably follow suit in about 6 months to a year.

  3. #53
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,973

    Default

    Well, look who's back. Is all generally well, with you?
    I recall your earlier predictions were off the mark.
    Good luck with this one.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  4. #54
    Join Date
    May 2008
    Posts
    3,624

    Default

    He also claimed to be mad, in jail and dead.
    He's probably right for one of those.

  5. #55

    Default

    All of the above. However, I've lived through a number of recessions and I've noticed an odd thing about them. The media blames a seemingly unconenected incident for them. For instance, the 1987 worldwide recession was blamed on the failure of the Savings and Loan industry here in the USA, which is just weird when you think about it. What does a very small percentage of the USA banking industry have do with the greater world marketplace to begin with? Today, economists are predicting another recession, in fact everyone is talking about it, and yet it has not "officially" happened yet. The only "big thing" I see coming in the foreseeable future is brexit, a manmade disaster for sure, and a perfectly acceptable scapegoat for the new recession (though here, I think, we will blame Trump's tariff war with China).
    Maybe I'll be right this time. In the past, I did not understand the socialist aspects of New Zealand and Australia, and how the respective governments meddling in each economy will sustain it. Australia, however, is in for a real test, I think. Things have now spiraled out of control there. Check out a few 60 minutes episodes on the Australian property market on YouTube, and see for yourself.


 

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