Black Monday

[Daytr]

Wouldn't dream of it, at least at the current prices.

Do you think house prices are going to come down?

[Daytr]

I was stunned to find the other day that minimum wage in the hand is 40k a year, so a couple can easily live a good life on min wage, let alone 2 minimum wages.

I forgot to say that me living on 30/40k that's 2 people not just me.

Not if your rent is $7 - 800 per week which is pretty normal now.

[ValueNZ]

Do you think house prices are going to come down?

No clue, and I think anyone telling you they do know is full of sh1t.

[ValueNZ]

“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.” - Thomas Sowell

[Daytr]

No clue, and I think anyone telling you they do know is full of sh1t.

Yeah houses prices come down all the time.
It's a 50:50 call.
Let alone there is a large shortage of housing.
Pretty tough call that one. 🙄

[troyvdh]

Ive been watching the tele....leaky homes ....Ive read some where a while back that this could cost NZ INC about 40 billion dollars.
Sorry ...I understand that these issues still exist.

[SailorRob]

Do you think house prices are going to come down?

That's really irrelevant.

[SailorRob]

Not if your rent is $7 - 800 per week which is pretty normal now.

Yeah not much sense in doing that.

[SailorRob]

Yeah houses prices come down all the time.
It's a 50:50 call.
Let alone there is a large shortage of housing.
Pretty tough call that one. 🙄

Yep long term return is always zero for obvious reasons.

[SailorRob]

Yeah houses prices come down all the time.
It's a 50:50 call.
Let alone there is a large shortage of housing.
Pretty tough call that one. 🙄

Hmmm what has happened to a house in Europe that has stood for 500 years? In real terms?

Or America for 200 years?

Let's THINK folks. Engage the brain.