Black Monday

[peat]

John Ryder categorically states...

"Equity markets are overbought and heading for a short-term correction. The CNN Fear & Greed Index is at extreme levels."


Im still selling some here and there into this.... re-established shorts on the SP500. I know when I'm wrong tho.... at 3680
took a little off my oiler... probably too soon.... but... what JR says.

[Timesurfer]

4. Get rid of the RMA ASAP.

The RMA is in the process of being replaced - not removed. And it will be replaced by several pieces of legislation not one.

4 - allow people to build whatever they want next door to you

Hit the nail on the head. People don't want less rules, they want more rules - all for their neighbour.
So don't expect red tape to go anywhere soon.

[bull....]

Jacinda Ardern says public bears some responsibility for housing crisis after failed taxation attempts

https://www.tvnz.co.nz/one-news/new-...ation-attempts

why raise taxes ? just build the infrastructure and increase supply. is it really that hard.

[BlackPeter]

Jacinda Ardern says public bears some responsibility for housing crisis after failed taxation attempts

https://www.tvnz.co.nz/one-news/new-...ation-attempts

why raise taxes ? just build the infrastructure and increase supply. is it really that hard.

Shouldn't be hard, but neither National nor Labor managed to do something about it over the last 20 years or so. Maybe it is one of these things where talk is cheap and easy but achieving something really tough?

[Baa_Baa]

Jacinda Ardern says public bears some responsibility for housing crisis after failed taxation attempts

https://www.tvnz.co.nz/one-news/new-...ation-attempts

why raise taxes ? just build the infrastructure and increase supply. is it really that hard.

I wouldn’t be blaming the public for under supply of infrastructure, the public can’t fix that, but likewise blaming the government as so many do is imo misplaced as well.

When it all boils down government only has money and laws and administration, there are some powerful levers there that can expedite development but government per se does not build anything. Nothing, it builds nothing.

There is unprecedented amounts of money from government, a willingness to relax the regulatory situation and plenty of administration to oversee development, but they, government don’t build any of it, not a thing,

So where are the real problems? Not in government per se. They can’t and won’t suddenly start building stuff! The problem imo is, regulation is cumbersome, they can relax that. Demand is booming, they can’t fix that, except indirectly ameliorate it a bit. Supply is inadequate, but no amount of money fixes that.

So why is supply inadequate? Well, partly because it takes a long time to build stuff and the supply side builders and construction and fabricators and the whole supply chain respond to the current and predictable market but don’t over respond because next thing they know some other event happens and there’s not enough work or money.

Tbh if NZ really wants to fix housing supply, it needs to embrace public private partnerships, foreign builders at scale, rapid development through cookie cutter design and construction, build off site at scale, erect on site quickly.

Simple as it sounds, despite unprecedented money, which the government is throwing at the ‘problem’ (massive eye watering money) the build side still relies on domestic build capacity which is inadequate, and design build methodology which is woefully slow and cannot easily scale to meet demand in a timely way.

It’s easy and convenient to blame the government, but doesn’t get to the problem, nor does Jacinda blaming the public (naive). It’s really about relaxing the regulatory environment and encouraging new methodology that enables design, build, construct .., at scale, in a timely way. Other countries do it, so can we.

[Balance]

Jacinda Ardern says public bears some responsibility for housing crisis after failed taxation attempts

https://www.tvnz.co.nz/one-news/new-...ation-attempts

why raise taxes ? just build the infrastructure and increase supply. is it really that hard.

Always thd fault of others, never her and her team of incompetents.

Would not know how to run a bath, let alone a government which delivers on promises.

[Balance]

https://www.rnz.co.nz/news/national/...ng-bright-line

IRD targeting property investors who have not disclosed or paid tax under the bright line rule.

Means investors will hang onto their properties longer, reducing supply to the market and boosting property prices even more.

[bull....]

https://www.rnz.co.nz/news/national/...ng-bright-line

IRD targeting property investors who have not disclosed or paid tax under the bright line rule.

Means investors will hang onto their properties longer, reducing supply to the market and boosting property prices even more.

exactly and raising the home grant will add fuel as well. councils are not releasing land as they dont have money for infrastructure.

[bull....]

bitcoin nearing my 20k target , could be short term who knows lol but the rise in bitcoin seems to be at the expense of gold.

anyway on digital currencies it looks like they are being ramped up to replace paper money sooner than you think. china just conducted a trial of there digital currency in real time and the fed is ramping up there work into one. ( digital currencies give central banks lots more tools in there tool box to smooth the economies) heres a article on whats coming

Programmable Digital Currencies Are Coming - Here's What That Means

https://www.nasdaq.com/articles/prog...ans-2020-08-18

[dobby41]

https://www.rnz.co.nz/news/national/...ng-bright-line

IRD targeting property investors who have not disclosed or paid tax under the bright line rule.

Means investors will hang onto their properties longer, reducing supply to the market and boosting property prices even more.

Good that they will target those who break the rules.
Supply of housing means houses that are available - how does not selling a house reduce supply? The house can still house someone.
'Supply to the market' - does selling a house on a regular basis help anything? The issues is not enough houses rather than not selling them often enough.
Rearranging the ownership type for houses does nothing for supply.