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  1. #16
    Guru peat's Avatar
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    probably over half the people in NZ live somewhere where it doesnt really get that cold ever.

    I never wanted to be a landlord. You are only going to make good income if you deal with the tenants yourself, and do many of the maintenance fixes yourself. Ugh, on both counts. For me. (N.B. I'm not dissing property ownership)
    But it does only become passive income when you farm it out to RE management company - and they take a good chunk. Which means a larger portfolio is necessary to sustain income.

    Still most or many (I reckon) landlords are in it for capital gains which is why NZ tenants get a raw deal coz there is a lot of turnover by the landlords to cash up.

  2. #17
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    Quote Originally Posted by peat View Post
    probably over half the people in NZ live somewhere where it doesnt really get that cold ever. ...
    Even though outside temperatures are colder in Winter in the UK and Ireland, people tend to have good Winter clothing. 95% of houses have central heating in the UK.

    How many people in NZ get home from work and feel cold and damp as they wait for their heaters to warm up their poorly insulated houses?

  3. #18
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    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.

  4. #19
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    Quote Originally Posted by Bjauck View Post
    ....
    Perhaps some rental owners always have a high percentage mortgage so that that their rental properties seldom turn a net profit, whilst racking up leveraged capital gains? Maybe the ring fencing is aiming at that scenario.
    No idea what the ring fencing policy is aimed at, apart from jam today for government coffers and not tomorrow.

    But if the reason is as you suggest this government doesn't have a clue about how some assets work. Surprised, not surprised.

    There will be a few grumpy people after next April when they find that selling their one rental means their rental losses for the year have gone poof!

  5. #20
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    Quote Originally Posted by Bjauck View Post
    .....How many people in NZ get home from work and feel cold and damp as they wait for their heaters to warm up their poorly insulated houses?
    Most of those people will be homeowners so can choose to do something about it. Maybe pay 8 bucks or so for a plug in timer?

  6. #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.

  7. #22
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  8. #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?

  9. #24
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    Exactly what I have been thinking for some time.

  10. #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 !

  11. #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 01:21 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  12. #27
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    Doing one's property investment via the listed retirement village sector becomes increasingly attractive!


  13. #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.

  14. #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?

  15. #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?

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