• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 7 of 21 FirstFirst ... 5 6 7 8 9 17 ... LastLast
Results 61 to 70 of 207
  1. #61
    Join Date
    Oct 2013
    Posts
    1,706

    Default

    It's a good article, though the math is a bit simple. There should be at least a little consideration that $1 in 30 years time is worth a lot less than $1 now.

    Additionally, it ignores what your funds can earn in the interim. As a basic example, people who have a fixed and a flexi portion of their mortgage save 4-6%pa on their flexi funds that stay in that account instead of paying a 3-4% fixed mortgage.
    CLIENT LIST FULL - Waitlist Available: [email protected]
    AAT Accounting Services - Property Specialist - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!

  2. #62

    Default Lawn contractor tells me Govt says he's not essential service under Covid-19

    So I just received an email from my lawn contractor who belongs to a large franchise telling me that lawns are not classed as essential service during Covid-19 lockdown.

    Uhmm, so what do I do now, go and borrow a lawnmower and do my rental properties myself? It seems it might be a bit of a scam, lets say he may prefer to stay at home and collect free money from the socialist government.

    Surely lawns and garden should be considered essential services?
    After all the council are still able to mow the vast reserves and parks during this lockdown. Overgrown Gardens can also become a safety hazard.

  3. #63

    Default

    You're kidding right... what has this world come to?

    Next they'll tell me the guys that come into my garage and polish my cars are non essential.


    Stay at home, save lives

  4. #64
    Join Date
    Jan 2012
    Posts
    1,142

    Default

    Quote Originally Posted by mrsaneperson View Post
    Surely lawns and garden should be considered essential services?
    After all the council are still able to mow the vast reserves and parks during this lockdown.
    An extra 10cm of grass is not going to kill you!!! If you see a council worker out mowing while you're out on your daily walk please report them as that is definitely Not an essential service.

  5. #65
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,422

    Default Read Woods Weasel Words Carefully


    Property investor claims human rights breach as Govt clamps down amid coronavirus outbreak

    27 Mar 2020

    Quote Originally Posted by Stuff
    Property investors say they are being left out of pocket, ignored by measures intended to help support the rest of the New Zealand economy. Housing Minister Megan Woods said it was not giving tenants a free pass for bad behaviour. Another LL, who did not want to be named, said he had a number of properties vacant because tenants moved out before the lockdown. Others had stopped paying rent. One tenant stuck in China was $6500 behind in rent.

    "I now have to spend money going to Tenancy Tribunal to request their bond monies back but tribunals hearings are about to be suspended or there is a queue of two to four weeks for hearings. I have to store all the tenants' personal belongings at a cost until the Tenancy Tribunals allow me to dispose of their belongings and recoup those costs. "Meanwhile I have to keep paying the bank loan and rates and insurance and body corporate fees and ground lease rent and property management fees and operating expenses of the apartment…Worst-case scenario, I will have to sell the property in a falling market or declare bankruptcy and allow the property to sell in a mortgagee sale."
    READ WOODS WEASEL WORDS CAREFULLY

    Dear Megan Woods . . . .
    You were reported as saying . . .
    "It is not acceptable for tenants to abuse the current situation by refusing to pay rent when they have the capacity to do so . . .
    My tenants all claim they don't have the capacity to do so. [pay the rent]

    What will you be doing about that?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #66

    Default

    Quote Originally Posted by Perry View Post

    Anecdotally - I've also heard that the "official" number of infections is being politically 'massaged' / 'sanitised.'
    Numbers of infections always are an estimate, not everybody reports feeling sick, if so making contact after days of hoping to get better soon, and finally the test result comes after days of waiting.. so even correct numbers come with a latency of a week or so.

  7. #67
    Join Date
    Oct 2016
    Posts
    227

    Default Govt stuffed up big time

    Disclaimer: so has every other govt in the world, but we had a chance.

    1. Assuming they knew that if we reached a threshold of community transmission they would have to shut the country down. They had plenty of time to know that, the entire Europe was shutting down one at a time.

    2. Assuming they knew that if you shutdown you will cause the country's economy to implode. Well, maybe they didn't know. But I'd argue that if they didn't know that's very poor form for a govt.

    3. So armed with these information, we had many other countries to follow. Italy went into crisis Feb 27 or thereabouts. The entire Europe went into crisis 1st week of March. Australia went into crisis about 12-15 March. Flights were all cancelled and airlines grounded in Australia around 14 March.

    4. Yet they let all passengers stroll into the country and all they did was hand a pamphlet.

    5. Then they watched the cases in the country go up and up.

    6. Then they got worried and tested until they found community transmission, panicked, then shut down. The country implodes.

    7. Until now they are still lax about their border quarantine IMO.

    That is really poor form. If they had began quarantine at the border when Europe or even when Australia went into crisis we would not be in this situation.

    Just thought I'd get the information out there, as everybody sees our govt as a hero. They are not. Yes our cases are one of the lowest in the world, but we are now literally a bankrupt country (well the 90% affected by the shutdown is), and it could have been so easily prevented.
    Last edited by jack2016; 27-03-2020 at 10:07 AM.

  8. #68
    Join Date
    Mar 2009
    Posts
    157

    Default

    The tripling of the notice period for rent arrears is going to be a huge problem. 60 days, Jesus, the government really just thinks of us as a golden goose.
    One of my tenants has already missed a rent payment and does not appear to be communicating with me.

  9. #69
    Join Date
    Jun 2013
    Posts
    2,158

    Default

    Quote Originally Posted by Perry View Post
    My tenants all claim they don't have the capacity to do so. [pay the rent]

    What will you be doing about that?
    Key question here is does the government expect landlords to extend the tenants credit, or is it welfare?

  10. #70
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,422

    Default

    Jeffa

    Please stay on topic.

    Your recent such posts have been move to here.

    Perry
    Moderator


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. First Covid-19 rent reduction request received
    By mrsaneperson in forum Tenant Stuff (NZ)
    Replies: 130
    Last Post: 04-05-2020, 02:11 PM
  2. Covid 19 & mortgage documents.
    By ReelBuzz in forum Finance, legal and tax (NZ)
    Replies: 1
    Last Post: 26-03-2020, 10:29 AM
  3. Knock on effects of benefit cuts
    By Realist in forum General (NZ)
    Replies: 182
    Last Post: 12-10-2010, 12:09 PM
  4. Europe struggles to avoid effects of a U.S. downturn
    By muppet in forum World in General
    Replies: 0
    Last Post: 12-01-2008, 12:45 PM
  5. Replies: 0
    Last Post: 24-10-2006, 11:21 AM
  6. Effects of a nasty new virus
    By sarahk in forum Forum Funnies
    Replies: 0
    Last Post: 14-05-2006, 08:26 PM
  7. flow on effects of floating rates
    By Monid in forum Finance, legal and tax (NZ)
    Replies: 0
    Last Post: 18-10-2004, 02:41 PM
  8. The Effects of Rate Rises in Aust.
    By muppet in forum Property Investment (NZ)
    Replies: 0
    Last Post: 20-01-2004, 08:57 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •