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  1. #61

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    Quote Originally Posted by Jeffa View Post
    Yep everyone's position is different I like blue collar suburbs, I have my eye on a property in ChCh and 1 in South Auckland.
    Chch asking 479k finance at 3% interest only $14370 per year Rent is $470 pw $24,440 per year. Theres a shit load around in Chch.

    South Auckland 620k interest only at 3%$18600
    Rent is 580pw $30,160 per year.
    These 2 alone will put $200 pw in my pocket for more toilet paper.

    In 5 years those properties will double ...its going to get worse for first time home buyers...vote Labour they will save you with hugs and kindness..and end up being broke.
    Cashfow looks good, my only question is around rents, with many losing their jobs won't there be less competition for rentals?
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  2. #62
    Join Date
    Mar 2016
    Posts
    391

    Default

    Yes it will go to 0% but you will still pay 1.5% to 2.5% in mortgage payments, Its when they go to negative -2% -3% it will get very difficult to get finance.
    You will need a massive deposit or assets banks can borrow against.

  3. #63
    Join Date
    Mar 2016
    Posts
    391

    Default

    Quote Originally Posted by Frezzinghot View Post
    Cashfow looks good, my only question is around rents, with many losing their jobs won't there be less competition for rentals?
    There printing money $$%Our socialist government will pay or subsidize rents...

    UNDERSTAND SATAN DOES NOT WANT THE HOUSING MARKET TO CRASH...WERE ALREADY HEADING INTO A GREAT DEPRESSION.

    I understand if you are afraid its natural...you need to be focused and have a plan, make sure you buy mortgage insurance or have 15k in a line of credit per house.

    I own multiple properties..I have a line of credit for each. I don't even care if the tenant doesn't pay..I have mortgage insurance, credit lines, and Cindy is most likely going to pay my rent.

    Be prepared for WAR!
    NOW IS NOT THE TIME FOR FEAR!

  4. #64
    Join Date
    Mar 2016
    Posts
    391

    Default

    Freezinghot my strategy is nothing new most investors will have something similar, it's beating the heard that's coming, if you leave it to late you will not only pay more you will be bidding against many multiple buyers.

    That's why I'm making my move now..while I'm in lockdown.

    Take care!

  5. #65

    Default

    Quote Originally Posted by Jeffa View Post
    Forget to mention building is going to stop,so no more development projects the banks will finance projects that have already started then they will stop...were in a DEPRESSION were all BROKE!!!

    It's all apart of satan's chess game you just have to choose which side you want to play on.
    And I don't think I have seen so many development sites around Auckland, lots of builders, electricians, plumbers are going to be out of work. They did do the biggest rip off scam on us all.
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  6. #66

    Default

    Quote Originally Posted by Jeffa View Post
    Yep everyone's position is different I like blue collar suburbs, I have my eye on a property in ChCh and 1 in South Auckland.
    Chch asking 479k finance at 3% interest only $14370 per year Rent is $470 pw $24,440 per year. Theres a shit load around in Chch.

    South Auckland 620k interest only at 3%$18600
    Rent is 580pw $30,160 per year.
    These 2 alone will put $200 pw in my pocket for more toilet paper.

    In 5 years those properties will double ...its going to get worse for first time home buyers...vote Labour they will save you with hugs and kindness..and end up being broke.

    If you can get a lower deposit deal from your bank these look like good returns. Why is this in a conspiracy theory thread?

  7. #67
    Join Date
    Mar 2016
    Posts
    391

    Default

    Quote Originally Posted by Sanya View Post
    If you can get a lower deposit deal from your bank these look like good returns. Why is this in a conspiracy theory thread?
    I try to make property fun and rant alot..the moderators banished me here!

  8. #68
    Join Date
    Mar 2016
    Posts
    391

    Default

    Yes New Zealand ..This is not a dream..you are actually awake...
    https://youtu.be/xyIzhRvtIJ0

  9. #69
    Join Date
    Mar 2016
    Posts
    391

    Default

    I have researched and believe why this virus is shutting down our economy, it's a distraction.
    When the economy hits rock bottom we will be going to negative interest rates, cash is going to be banned, it's all apart of tracking the individual, we are becoming a full communist state, this is happening right across western countries.
    From our own Reserve bank of New Zealand..

    https://www.rbnz.govt.nz/notes-and-c...-of-cash#fnB36

    "7The Reserve Bank’s monetary policy would also be more efficient if cash were removed. The Reserve Bank affects interest rates in the economy by setting an Official Cash Rate (OCR). An OCR below zero would incentivise banks to charge negative interest rates on deposits. To avoid negative rates, people and businesses could take their savings out in cash (investing in safes or vaults). This would impose a lower bound on monetary policy because cash holdings are not directly subject to interest rates. See Wadsworth (2018c) for a more detailed discussion."
    Through this initiative, consumers could grant Fintech start-ups and mobile application developers access to their banking data. Fintech firms could use this data to develop a range of services for consumers including more convenient person-to-person mobile payments applications and mobile budgeting applications. These applications could provide additional electronic substitutes for cash. The timing of these developments is uncertain given current challenges including security models, governance of API standards, third-party access to bank APIs, and whether innovators keep a customer focus.

    https://fintechnews.sg/38626/fintech...tech-industry/
    For Pete Watson, CEO of Atlas Cloud, one of the very few silver linings of the coronavirus is that, for the fintech sector, the pandemic is creating an opportunity for the industry to re-think its working practices.

    “We have an opportunity here to prove that people can work as productively and securely at home,” Watson told Fintech Magazine. “This is because many people lose hours of their working day every day commuting to work or meetings and carrying sensitive information with them on devices which can be lost and stolen.”

    Not only that, companies are also leveraging cutting-edge technologies to combat the virus directly, with, for example, the White House working with major tech firms like Amazon, Microsoft and Google to pool supercomputing resources to discover new treatments and vaccines, and Chinese tech firms, such as e-commerce giant Alibaba, leveraging artificial intelligence (AI) to allow for diagnosis to be made in just seconds.

    At a time when authorities are recommending to limit physical contact, the trend towards cashlessness and digital payments will likely be positively affected, experts say. In both China and India, regulators and institutions have urged citizens in their respective countries to use digital payments instead of cash to help stem the spread of the virus.


    WE ARE ABOUT TO GO CASHLESS AND LOSE ANY PRIVACY, THEY'LL HAVE THE TECHNOLOGY TO TRACK OUR EVERY MOVEMENT...IF YOU CAN WORK AT HOME YOU WILL BECOME MORE PRODUCTIVE TO YOUR MASTERS...VERY SCARY TIMES, IM DEFINITELY ESCAPING TO MEXICO...THEY DON'T HAVE A GOVERNMENT..well not a real one!

  10. #70
    Join Date
    Apr 2005
    Posts
    2,898

    Default

    Quote Originally Posted by Jeffa View Post
    I try to make property fun and rant alot..the moderators banished me here!
    Oh yes.
    I agree with you there.
    That was very petty and immature of them.

    It's understandable that you were stood over here in the corner for going a bit off track.
    It stops everyone else from having a say.

    but it was really immature and counterproductive to brand your contribution a conspiracy.

    If it makes you feel any better, Ignaz Semmelweis, the chap who figured out germs can kill you, was also sidelined for his unconventional
    thinking.

    In fact almost every new idea gets the same treatment. Take Galileo for another example.

    Some of what you are saying is on the money, some a little baseless.
    Keep up the good work.

    But please, apply the scientific method and rigorous thinking.


 

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