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  1. #21
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    Quote Originally Posted by ynot View Post
    40 years ago I moved from Auckland to Canada to live at the age of 25. I quickly realised how sub standard our housing was comfort wise back in NZ. Having grown up with it I never new any better. I put it down to the fact that unfortunately Auckland was not quite cold enough for the need to do anything about it. Climates like Canada
    had no alternative from the beginning to deal with cold climate.
    Good insulation also keeps the building interior cooler in Summer as it does not heat up so much during sunny days.

  2. #22
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  3. #23
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    Quote Originally Posted by iceman View Post
    Do you think as the balance tips more in favour of tenants, there will be more landlords wishing to cash up and invest their money in shares in companies on NZ's small stock exchange thereby making it more worthwhile for companies to maintain their NZ listings?

  4. #24
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    Exactly what I have been thinking for some time.

  5. #25
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    Quote Originally Posted by Bjauck View Post
    Do you think as the balance tips more in favour of tenants, there will be more landlords wishing to cash up and invest their money in shares in companies on NZ's small stock exchange thereby making it more worthwhile for companies to maintain their NZ listings?
    Yes I think that is inevitable !

  6. #26
    ShareTrader Legend Beagle's Avatar
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    I thought I would be pretty safe putting my own kids into our downstairs flat.
    Each of them made a big mess it in their own ways. I feel better though because damage / unpaid rent was in the very low 4 figures on both occasions.
    What I have seen many times from my clients is the single worst business strategy you can engage in is let your rental property out to your own kids.
    I have seen repairs and maintenance bills for several clients running well into five figures.
    The fact that the transaction is not an arms length business one, in a nutshell, they think they are entitled to get away with almost anything.
    If there's drugs involved, look out, you're really in trouble then and how do you put them out into the street and still sleep at night ?
    Last edited by Beagle; 20-11-2019 at 02:21 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  7. #27
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    Doing one's property investment via the listed retirement village sector becomes increasingly attractive!


  8. #28
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    Quote Originally Posted by Bjauck View Post
    Do you think as the balance tips more in favour of tenants, there will be more landlords wishing to cash up and invest their money in shares in companies on NZ's small stock exchange thereby making it more worthwhile for companies to maintain their NZ listings?
    Yes. I am seeing it within my own family.
    And those new investors often already trust property. So the Retirement companies, VHP, PFI etc are probably going to form part of their investments that they are already comfortable with. So while they might be concerned about the sharemarket…..they may feel more confident with real estate sector of it.

  9. #29
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    Quote Originally Posted by Bjauck View Post
    Good insulation also keeps the building interior cooler in Summer as it does not heat up so much during sunny days.
    I have the same view. With climate change being a major issue, you'll probably find overeall people's standard of living will erode. I grew up in Canada and know about home comfort however, they're achieving this at a high cost carbon footprint. I do think the trend is changing in that NZ homes will never meet OECD level of comfort. But should they? If the climate is no so extreme, why go through the necessity, using the resources to achieve that standard? It's like the Passive Haus group in NZ pushing their ultra expensive building standards with absolutely no payback time. Kinda like trying to sell Ferrari's to Toyota customers.

    As far as being a landlord, I keep hearing the prospects of making $ is less with new regulations. What else is there left for people to invest in?

  10. #30
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    Quote Originally Posted by iceman View Post
    This Tenancy Tribunal case involved close neighbours and conflicts, aggressive behaviour, abuse and complaints all round. After making a decent though unsuccessful attempt to resolve, the landlord issued 90 day termination notices to both. The tenant who appealed the notice at various levels said she had tried for more than a year to find another rental without success.

    Some might say not that surprising but not helped by rental shortages in the area (and her name in lights in the TT database). And there are rental shortages because?

  11. #31
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    Quote Originally Posted by RTM View Post
    Yes. I am seeing it within my own family.
    And those new investors often already trust property. So the Retirement companies, VHP, PFI etc are probably going to form part of their investments that they are already comfortable with. So while they might be concerned about the sharemarket…..they may feel more confident with real estate sector of it.
    The end game is that there will be fewer and fewer rentals on the market and rents will go up as demand increases and supply diminishes. My end game is to go through this short term pain with my rentals to reap the increased rent rewards in 3-5 years time. This is not good for renters no matter how well intentioned by this govt.

  12. #32
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    Quote Originally Posted by macduffy View Post
    Doing one's property investment via the listed retirement village sector becomes increasingly attractive!

    That is what I have been doing since Ryman listed! I have seen so many people having issues with tenants including with close family similar to Beagle's difficult experiences.

  13. #33
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    Quote Originally Posted by blackcap View Post
    The end game is that there will be fewer and fewer rentals on the market and rents will go up as demand increases and supply diminishes. My end game is to go through this short term pain with my rentals to reap the increased rent rewards in 3-5 years time. This is not good for renters no matter how well intentioned by this govt.
    It may be good in making property available for first time buyers looking for owner-occupation?

  14. #34
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    Quote Originally Posted by Bjauck View Post
    It may be good in making property available for first time buyers looking for owner-occupation?
    It certainly will, as property prices may also fall as more supply comes on the market. Which will in turn drive up yields. So hopefully the market can balance things out. But its not going to be good for renters.

  15. #35
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    Quote Originally Posted by Beagle View Post
    I thought I would be pretty safe putting my own kids into our downstairs flat.
    Each of them made a big mess it in their own ways. I feel better though because damage / unpaid rent was in the very low 4 figures on both occasions.
    What I have seen many times from my clients is the single worst business strategy you can engage in is let your rental property out to your own kids.
    I have seen repairs and maintenance bills for several clients running well into five figures.
    The fact that the transaction is not an arms length business one, in a nutshell, they think they are entitled to get away with almost anything.
    If there's drugs involved, look out, you're really in trouble then and how do you put them out into the street and still sleep at night ?
    I second that. Never again

  16. #36
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    Quote Originally Posted by blackcap View Post
    The end game is that there will be fewer and fewer rentals on the market and rents will go up as demand increases and supply diminishes. My end game is to go through this short term pain with my rentals to reap the increased rent rewards in 3-5 years time. This is not good for renters no matter how well intentioned by this govt.
    But as we know we need more rentals ... the way its going future wise the Govt.(Taxpayers) will be building many more low cost accommodation blocks to put roofs over the heads of many thousands of kiwis that will rent for life
    People don't have ideas, ideas have people

  17. #37
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    Quote Originally Posted by iceman View Post
    I second that. Never again
    The "icing on the cake" was we only ever charged them half the market rate for the flat, (seems the decent thing to do for your own kids to help them get ahead) and they just squandered the money on other "essentials" like cigarettes', booze and drugs and when they moved out left the place like a rubbish dump. I never once heard a single word of appreciation for the very cheap rent but do recall quite a bit of attitude that we were charging them anything at all !
    No butts, hold no mutts, (unless they're the furry variety).

  18. #38
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    Quote Originally Posted by JBmurc View Post
    But as we know we need more rentals ... the way its going future wise the Govt.(Taxpayers) will be building many more low cost accommodation blocks to put roofs over the heads of many thousands of kiwis that will rent for life
    We need more houses/apartments/units. We need more secure, safe and healthy abodes for families. Whether these are owned by landlords or owner occupiers is as much a political decision/fiscal decision as anything else.

  19. #39
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    Quote Originally Posted by Beagle View Post
    The "icing on the cake" was we only ever charged them half the market rate for the flat, (seems the decent thing to do for your own kids to help them get ahead) and they just squandered the money on other "essentials" like cigarettes', booze and drugs and when they moved out left the place like a rubbish dump. I never once heard a single word of appreciation for the very cheap rent but do recall quite a bit of attitude that we were charging them anything at all !
    The entitled/no responsibility/want it and want it now/laden with debt generation, I'm hearing ya.

  20. #40
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    Quote Originally Posted by Beagle View Post
    The "icing on the cake" was we only ever charged them half the market rate for the flat, (seems the decent thing to do for your own kids to help them get ahead) and they just squandered the money on other "essentials" like cigarettes', booze and drugs and when they moved out left the place like a rubbish dump. I never once heard a single word of appreciation for the very cheap rent but do recall quite a bit of attitude that we were charging them anything at all !
    Did you manage to claim interest paid as an expense?

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