Article here showing month on month house prices had declined 4% as of 20th March off the back of the LVR changes. That's one of the things I don't get, they barely gave that one a chance to kick in and consider the affects, which to me really begs the question just how much forethought and advice seeking did actually go into last week's "new" tax?
https://www.odt.co.nz/star-news/star...-prices-drop-4
Oh well, I'm out of OCA for now...capital preservation. Gonna sit back with the popcorn and wait for the dust to settle.
For those that keep sticking knives into Beagle, get over it. I think it's bloody great that he wares his heart on his sleeve and tells it as he sees it. Whether you choose to heed his advice or not is entirely up to you. He's a trader at heart and if you're that way inclined, it pays not to get too emotional about stocks. He's been having reservations about the company's ability to contain costs and grow profits for some weeks now. The government's bombshell last week was just the final straw...that was material change right there and you can't blame anyone for taking steps to minimise their exposure to such an outrageous policy change.