sharetrader
Page 322 of 697 FirstFirst ... 222272312318319320321322323324325326332372422 ... LastLast
Results 3,211 to 3,220 of 6963
  1. #3211
    Advanced Member
    Join Date
    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    1,701

    Default

    Quote Originally Posted by Vagabond47 View Post
    Nope, but I also don't give a flying fig about the whinging landlords who want to throw their toys now that the industry is being properly regulated. Let them sell up and piss off.
    People often say no problem if landlords sell because the homes are still there. True, though many owner occupied places have fewer occupants than rentals, and some rentals are converted to other uses. But a key problem is that the rental pool is not keeping up with demand including net immigration. New bank lending for residential lending is way less now than say 3 years ago, to the tune of thousands fewer rentals each month.

    You can say landlords chuck their toys but actually they are doing very well through higher rents paying for the required upgrades and compliance, better returns from short term rentals and big smiles as they bank their tax free gains.

  2. #3212
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,407

    Default

    "A Government big on symbolic gestures but very poor on execution". Very hard to disagree with that https://www.interest.co.nz/opinion/1...hanges-planned

  3. #3213
    Guru
    Join Date
    May 2006
    Location
    , , .
    Posts
    3,283

    Default

    Quote Originally Posted by fungus pudding View Post
    Rubbish. They cater perfectly for those tenants who cbf paying decent rent.
    This would be true if the market was efficient.
    Unfortunately, because there is a shortage, some people end up paying more for rubbish than they should.
    In an efficient market those who wanted better quality could buy it and those who were happy with rubbish would pay accordingly.
    We are not there.

  4. #3214
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,482

    Default

    Quote Originally Posted by Vagabond47 View Post
    Nope, but I also don't give a flying fig about the whinging landlords who want to throw their toys now that the industry is being properly regulated. Let them sell up and piss off.
    I am not a landlord so I could not give a stuff either way,

    Let them sell off indeed, aggravate the rental situation more and let's see Jacinda defend her failure to deliver comes election time.

    BRING 2020 election on!

    Let's DO This!

  5. #3215
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,482

    Default

    https://www.stuff.co.nz/business/118...ess-affordable

    "New Zealand's housing affordability is getting worse, with prices now seven times the median household income."

    Wonder what spin Jacinda and her new Housing ministers are going to spin on their total failure to deliver.

  6. #3216
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Quote Originally Posted by Balance View Post
    https://www.stuff.co.nz/business/118...ess-affordable

    "New Zealand's housing affordability is getting worse, with prices now seven times the median household income."

    Wonder what spin Jacinda and her new Housing ministers are going to spin on their total failure to deliver.
    How about " But we're more affordable than Hong Kong!" ?


  7. #3217
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,482

    Default

    Quote Originally Posted by macduffy View Post
    How about " But we're more affordable than Hong Kong!" ?

    That will work for sure with the die hard morons for sure who bought the 'Let's Do This' slogan.

    https://www.nzherald.co.nz/business/...ectid=12301741

    Meanwhile, the housing situation for those needing state housing gets worse with the problem doubling in the last 2 years.

    Can't blame the overseas buyers, can't blame landlords, can't blame rising house prices - let's blame the tenants?

  8. #3218
    Member
    Join Date
    Dec 2017
    Posts
    168

    Default

    Quote Originally Posted by artemis View Post
    New bank lending for residential lending is way less now than say 3 years ago, to the tune of thousands fewer rentals each month.
    You mean total mortgage lending? latest three months data (Sep-Nov 2019) is 4.8% higher than the same three months in 2016?
    You mean FHB lending is up 48.8% over the same periods? Good
    You mean how other owner-occupier lending is up 5.4%? *shrug*
    and Investor lending is down 15.5%? ..again, Good.

    Meanwhile, we have the highest number of building consents issued in a year in my lifetime, And Housing NZ issuing $2.5b of bonds this year to build housing.. so the housing supply is coming online as fast as the industry can build it. The case for capital gains, and rising rents is going to start to look bloody shaky with Housing NZ sweeping the legs out from under the overpriced rental market, and expanding supply knocking the capital gains on the head. Just need a couple of decent pre-fab options to get off the ground and we'll really be rolling.

    And the baloney about the number of people on OO vs rental properties is heavily skewed by all the boomers + silent generation living alone in a big house after the kids have left home, and now waiting for their trip to the pearly gates. My grandmother was one, from 1986 when my grandfather passed till a few months ago she lived alone. Soon her property will be on the market and most likely sell to a young family of two to four persons, very marginally bumping up the OO occupancy ratio, and that it is a demographic certainty that is going to accelerate in the coming years.

  9. #3219
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    Extract: Jacinda Ardern is pledging “a positive campaign, a factual campaign, a robust campaign” in this year’s general election. "New Zealanders deserve a factual campaign, one that is free from misinformation."

    That’s good news but September is a long way off.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #3220
    Guru
    Join Date
    May 2009
    Posts
    2,977

    Default

    Quote Originally Posted by winner69 View Post
    Extract: Jacinda Ardern is pledging “a positive campaign, a factual campaign, a robust campaign” in this year’s general election. "New Zealanders deserve a factual campaign, one that is free from misinformation."

    That’s good news but September is a long way off.
    Cynical Cindy should be careful what she wishes for. Her last election pledges don't make for very good fact checking. And the media are finally awake to Labour's track record on transparency despite the Cynical One's promises.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •