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14-08-2018, 03:07 PM
#4451
Originally Posted by bull....
turkey problems stem from debt binge over the years was always going to happen , trump just decided to put his foot on edorans head to get what he wants and the pressure piles on. cant see it as a big deal myself blow over when turkey economy crashes or turkey gives up to trump.
Sure - their problems are home made ... Trump is just the a**e he always is and kicking his opponents while they are on the ground. Nothing new - that's what bullies do.
You might well be right that the Turkey crisis doesn't end up as the detonator for the next financial crisis - or you might be wrong.
It is just ... if you know that the world economy has a lot of accumulated fuel just waiting for the spark to ignite it - would anybody with a gram of grey matter in the head run around and play with his lighter instead of trying to safely reduce the fuel supply?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-08-2018, 07:40 AM
#4452
2826 - 2842 still in play
better not say anything bad about turkey apparently they are investigating social media lol anyway we got 7 right
https://www.cnbc.com/2018/08/14/turk...-the-lira.html
Last edited by bull....; 15-08-2018 at 07:45 AM.
one step ahead of the herd
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15-08-2018, 10:08 PM
#4453
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16-08-2018, 12:02 AM
#4454
Originally Posted by Valuegrowth
As an expat Kiwi who has now been banned from buying almost all forms of property in my own country, current thinking is to not invest any more money in NZ and look elsewhere – somewhere that actually wants overseas investment dollars.
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16-08-2018, 03:23 AM
#4455
sea of red at the moment , commodities are getting smashed
one step ahead of the herd
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16-08-2018, 06:42 AM
#4456
Originally Posted by bull....
sea of red at the moment , commodities are getting smashed
Except live cattle & hogs.Even gold dropping.
Go figure!
A big clean out coming up folks?Holding on to my pants.
Last edited by kiora; 16-08-2018 at 06:45 AM.
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16-08-2018, 08:02 AM
#4457
Originally Posted by traineeinvestor
As an expat Kiwi who has now been banned from buying almost all forms of property in my own country, current thinking is to not invest any more money in NZ and look elsewhere – somewhere that actually wants overseas investment dollars.
Have you mis-read the bill?
As a passport holding Kiwi I would have thought that you could still buy property in your home country.
Peter Theil can so why can't you?
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16-08-2018, 11:08 AM
#4458
Originally Posted by dobby41
Have you mis-read the bill?
As a passport holding Kiwi I would have thought that you could still buy property in your home country.
Peter Theil can so why can't you?
I wish I was misreading it.
By designating all residential property as sensitive land, only people who are ordinarily resident in NZ (extracted definition below) can purchase without going through an approval process (which has now been made more difficult and therefore time consuming and expensive). Like most expats I am not ordinarily resident in NZ, so I get lumped in with the foreigners.
The press coverage mentions that people from Australia and Singapore are exempt because of trade agreements. If that is correct it creates the bizarre situation that non-NZ citizens from these countries can purchase residential property but NZ citizens living elsewhere cannot.
In this Act, a person is ordinarily resident in New Zealand,—
(a)
for the purpose of an overseas investment in sensitive land where the relevant land is or includes residential land, for the purposes of a transaction that will result in an overseas investment in sensitive land where the relevant land is or includes residential land, and related matters, if the person— (i)holds a residence class visa granted under the Immigration Act 2009; and
(ii)has been residing in New Zealand for at least the immediately preceding 12 months; and
(iia)is tax resident in New Zealand; and
(iii)has been present in New Zealand for 183 days or more in total in the immediately preceding 12 months (counting presence in New Zealand for part of a day as a presence for a whole day):
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16-08-2018, 11:37 AM
#4459
Originally Posted by traineeinvestor
I wish I was misreading it.
By designating all residential property as sensitive land, only people who are ordinarily resident in NZ (extracted definition below) can purchase without going through an approval process (which has now been made more difficult and therefore time consuming and expensive). Like most expats I am not ordinarily resident in NZ, so I get lumped in with the foreigners.
The press coverage mentions that people from Australia and Singapore are exempt because of trade agreements. If that is correct it creates the bizarre situation that non-NZ citizens from these countries can purchase residential property but NZ citizens living elsewhere cannot.
In this Act, a person is ordinarily resident in New Zealand,—
(a)
for the purpose of an overseas investment in sensitive land where the relevant land is or includes residential land, for the purposes of a transaction that will result in an overseas investment in sensitive land where the relevant land is or includes residential land, and related matters, if the person— (i)holds a residence class visa granted under the Immigration Act 2009; and
(ii)has been residing in New Zealand for at least the immediately preceding 12 months; and
(iia)is tax resident in New Zealand; and
(iii)has been present in New Zealand for 183 days or more in total in the immediately preceding 12 months (counting presence in New Zealand for part of a day as a presence for a whole day):
Doesn’t the main bill say all this does not apply to NZ Citizens ...that hadn’t changed in the Amendment
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-08-2018, 11:46 AM
#4460
Originally Posted by traineeinvestor
As an expat Kiwi who has now been banned from buying almost all forms of property in my own country, current thinking is to not invest any more money in NZ and look elsewhere – somewhere that actually wants overseas investment dollars.
Unfortunately too many foreigners just parking their money in NZ real estate. There's neighbourhoods in AKL you can drive around with dozens of empty houses, uncut lawns etc owned by foreigners who have never set foot in the country. Doesn't make for healthy vibrant safe communities which should be a core precept of public policy. Until recently around 20% AKL sales were to foreign speculators/investors, which is now having a flow on effect to rest of the country. NZ housing debt to overseas owned banks is staggering, in the absence of capital gains tax, something needed to be done.
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