• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 16
  1. #1

    Smile If Covid-19 would continue, would lot of property mortgage sales in AKL happen?

    Hi, Guys, I would like your opinions: I wonder if this Covid-19 continues in NZ and globally, will lots of mortgage sales of properties in Auckland happen? Because I am thinking many possible chain effects, e.g. the bank mortgage holiday will end in 6months and may not extend and some landlords will be in deeper debt, maybe more and on-and-off lockdowns, more business close-downs, more people lost or reduce income, government may can not afford to borrow more money overseas to spread to people, labor party may get voted in in election and will issur more unfair tenancy laws to against to landlords, and more tenants may not pay rentals and landlords are not allowed to do anything about this by law so landlords may want to sell to get out of this game, ect. ect. Cheers.

  2. #2
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,440

    Default

    Guesswork is all it can be.

    It would not matter which lot was in gummint.

    Both would strenuously strive to ensure that any de-stabilising, socio-economic collapse does not happen while whichever one was / is in gummint.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #3
    Join Date
    Dec 2007
    Location
    napier
    Posts
    177

    Default

    Yes there will be an increase in Mortgagee sales

  4. #4
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,440

    Default

    Maybe the gummint will be out there, buying up large?

    Ahhh, I see it now.

    It's all a plot.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #5
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,453

    Default

    As Perry says, it's too hard to tell.
    Squadly dinky do!

  6. #6

    Default

    Looking at the picture in whole the low interest policies keep industries but cripple the finance market, there are no margins for healing the global economy. Therefore the Covid-19 debt crisis will strip taxpayer’s savings because govt debts are owned by the taxpayer.

    Until now Kiwis (mostly renters) struggle to make a living and to save for their own business, family and comfortable retirement. That and the govt intervention (RTA reform, councils policies, etc) change the landlord business.
    My answer is reconciling the investment portfolio by elimination rentals or risks and avoiding to become a “social agency” for a failing housing policies.

    And back to the initial question – yes, at debt crisis level mortgage sales of properties in Auckland and somewhere else are the feed for making good investment decisions and the way to start with the first million.

  7. #7
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,440

    Default

    Quote Originally Posted by klauster View Post
    Looking at the picture in whole the low interest policies keep industries but cripple the finance market, there are no margins for healing the global economy. Therefore the Covid-19 debt crisis will strip taxpayer’s savings because govt debts are owned by the taxpayer.
    Perhaps you could go into a bit more detail?

    Yes, taxpayers have to pay for the gummint's borrowings. That's usually done by future taxation. Do you see high inflation eroding the purchasing power of taxpayers' savings? I can't see that even the present crop of socio-commies would appropriate anyone's savings.

    What does "cripple the finance market" mean? Does that include the payday loan sharks? The banks?

    What do you mean about the finance market not having margins sufficient for healing the global economy? Many people see the finance market as fllim-flam, smoke-and-mirrors stuff.

    As I see it, appropriate production and commensurate consumption are the main aspects of any economy, whether or not that be an economy that's 'recovering' or functionally stable.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #8

    Default

    Perhaps once the mortgage holiday periods end.
    The governments of most western economies are going to print their way out of this because they have no other choice. Have a read of this.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  9. #9
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,440

    Default Get Real!

    Why oh why do people keep repeating the falsehood of "printing money." (It's not possible to print money. It's only possible to print currency.)

    And that's not what's happening!!

    Read it again.

    Printing money does NOT happen in the way that's all-too-often described.

    There is a growth in the credit-go-round, but it does not involve printing banknotes!!

    To clarify:

    Currency is always money.
    Money is only occasionally currency.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #10

    Default

    Whatever, they are going to flood the market with liquidity. Happy now?
    Free online Property Investment Course from iFindProperty, a residential investment property agency.


 

Thread Information

Users Browsing this Thread

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

Similar Threads

  1. Covid-19 Economic & General Effects for PIs & PMs
    By Austrokiwi in forum General (NZ)
    Replies: 206
    Last Post: 06-05-2020, 10:39 AM
  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. UK Property Investment Volumes Continue to Grow
    By gowermae in forum Property Investment (UK)
    Replies: 2
    Last Post: 12-08-2013, 08:52 PM
  4. Property boom set to continue
    By muppet in forum Property Investment (NZ)
    Replies: 3
    Last Post: 29-01-2007, 01:26 AM
  5. property will continue to be a strong performer in 2006
    By Walter in forum Property Investment (UK)
    Replies: 0
    Last Post: 06-04-2006, 01:29 PM
  6. European Property Market Outlook 2006: weight of money set to continue
    By Walter in forum Property Investment (Euro)
    Replies: 0
    Last Post: 11-03-2006, 10:49 AM
  7. Christchurch property values continue to rise
    By muppet in forum Regions News (NZ)
    Replies: 0
    Last Post: 16-01-2006, 03:23 PM
  8. Property prices continue to rise
    By CJ in forum Regions News (NZ)
    Replies: 0
    Last Post: 17-12-2005, 04:03 AM
  9. Property crash `won't happen'
    By muppet in forum Property Investment (NZ)
    Replies: 7
    Last Post: 03-05-2005, 07:43 PM
  10. PROPERTY PARTNERSHIP - TAX DISASTER WAITING TO HAPPEN
    By Marc in forum Finance, legal and tax (NZ)
    Replies: 0
    Last Post: 16-12-2004, 07:46 PM

Posting Permissions

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