Ahem, "tqqq" and the other leveraged funds.:)
Printable View
The annual number of new homes consented in the year ended January 2021 was 39,881, up 5.8 percent from the year ended January 2020, Stats NZ said today.
The all-time high for any 12-month period was 40,025 in the year ended February 1974, which is 144 more than the current year-ended figure.
Attachment 12619
Attachment 12620
Record supply coming, almost nil population growth, unsustainable price gains surely make it a little risky to be backing up the truck like you guys for a company with a disappointing history that is tied at the hip to house prices?
In my opinion population growth does not equate to housing demand-babies do not buy houses .
Supply is increasing but house prices have risen 29% in the past year so if the company is tied at the hip to house prices is that not exciting ?
When units are resold will not massive profits be made?
Can't live in a consent and it is not uncommon for projects to be delayed or cancelled. Specially higher density developments where the bank is not happy with off the plan sales or due to lack of construction capacity. Finance Minister seems to have plenty of taxpayer money for social housing though.