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  1. #7846
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by MauroNZ View Post
    I don't know when, but this is not good, house prices can't keep rising forever, something is going to happen. Is not a wish nor down ramping but just a huge concern.
    Interesting documentary:

    https://www.youtube.com/watch?v=HzSAmOQuyjU
    Interesting to note that the countries with low home ownership rates like e.g. Germany (51.9% home ownership rate) and Switzerland (43.4% home ownership rate) are typically much wealthier than countries with high home ownership rates (like e.g. Romania with 96.4% home ownership rate or China with 90%): https://en.wikipedia.org/wiki/List_o...ownership_rate

    And yes, Singapore (a wealthy country) is an exception to this rule - here the state is heavily subsidizing the first (and often the last) home to their citizens.

    NZ is with a current homeownership rate of 63.2% somewhere in the middle between the wealthy countries and the poor countries, but maybe it is a good thing home ownership rates are dropping and we are getting more wealthy?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  2. #7847
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    Quote Originally Posted by BlackPeter View Post

    NZ is with a current homeownership rate of 63.2% somewhere in the middle between the wealthy countries and the poor countries, but maybe it is a good thing home ownership rates are dropping and we are getting more wealthy?
    I agree that being wealthy should not depend on owning one’s own home. However in NZ it is currently the case that you are more able to borrow to invest in a house, and if you do, you can enjoy untaxed leveraged capital gains (whether owner occupied or not).

    NZ (as a whole) may be getting wealthier. However does the increased wealth belong to a smaller percentage of the population? Are the increasing numbers who do not/ cannot own real estate getting wealthier?

    As much of NZ household wealth depends on land. Owning an average unmortaged million dollar house today is equivalent to a $70,000 house 40 odd years ago. I guess you would be wealthier in you moved abroad to a country that has not had such inflationary land values.
    Last edited by Bjauck; 16-05-2019 at 10:54 AM.

  3. #7848
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    Quote Originally Posted by BlackPeter View Post
    I tend to call a spade a spade. If that's what you call "rubbish", be my guest ...
    haha great entertainment. Spade for digging...

    Some people are getting a little desperate for only one point of view around be expressed here. If they had confidence in their position surely they could handle a contrarian points of view.

  4. #7849
    Trying to get outta here
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    Quote Originally Posted by Raz View Post
    haha great entertainment. Spade for digging...

    Some people are getting a little desperate for only one point of view around be expressed here. If they had confidence in their position surely they could handle a contrarian points of view.
    This stock certainly gets more than it's fair share of attention though I'm not sure why.

  5. #7850
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    Spade is a Spade and only positive spades can dig here negative spades must only dig in others gardens a bit like doggies do

    Thick skin and large dose of humour a must ............ no offense intended or taken BP as I enjoy your posts

  6. #7851
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    Quote Originally Posted by couta1 View Post
    This stock certainly gets more than it's fair share of attention though I'm not sure why.
    Probably because most of the contributors are superannuitants and are naturally attracted to this kind of enterprise.

  7. #7852
    An Awesome Cool Cat winner69's Avatar
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    Tony from BNZ gone bearish on property market

    Must have lost the plot

    http://tonyalexander.co.nz/wp-conten...ay-16-2019.pdf
    ”You can't cross the sea merely by standing and staring at the water.” -Rabindranath Tagore

  8. #7853
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    Moosie on another forum reckons a second wave of selling likely -

    Have noted RYM has taken a nose-dive the past few days and is looking petty sick chartwise. Can't be good for SUM as failure to rise back above $6.00 resistance and weak indicators says we're heading back down to test the $5.50 lows soon. Second wave of selling may begin in earnest if that support breaks...
    ”You can't cross the sea merely by standing and staring at the water.” -Rabindranath Tagore

  9. #7854
    Gnawing on Bones Beagle's Avatar
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    Moosie probably a disaffected non house owner praying for a collapse miracle so he can afford a house.
    Different economists have different viewpoints regarding the future. Time will tell but I am very comfortable with the metrics.
    No butts, hold no mutts, (unless they're the furry variety).

  10. #7855
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    Quote Originally Posted by winner69 View Post
    Tony from BNZ gone bearish on property market

    Must have lost the plot
    Tane Mahuta deflated the OCR with a smack from his mere, and possibly going to do it again in August,
    and mortgage rates dropped immediately. Add reported falling house prices in Auckland means it may
    be advantageous to to delay purchase until the 'winter of discontent'.
    ASB singing same song as Tony;
    http://www.scoop.co.nz/stories/BU190...-a-no-show.htm

    Blimmin Ozzy banks eh.

  11. #7856
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    Tony from BNZ gone bearish on property market

    Must have lost the plot

    http://tonyalexander.co.nz/wp-conten...ay-16-2019.pdf
    This the same Tony who predicted in spring 2016 Auckland's housing prices to rise forever?

    https://rwpukekohe.co.nz/news/tony-a...september-2016

    And for the record, here is a link to my 2012 article on 19 reasons why Auckland house prices would keep rising. Most still seem valid. Enjoy if you have already bought. Despair if you have not. And if you have put off buying because of one of the many incorrect forecasts that house prices were about to fall – whoops a daisy.
    BTW - he made good points why Auckland's property prices will keep rising. And I think all but one of his points (impact of foreign buyers) are still true.

    And now you are saying he went to the dark side? Shudder
    ----
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  12. #7857
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    Half way through second quarter

    Hope the mystery shopping is doing the trick and sales are booming, esp to n Christchurch and Auckland,
    ”You can't cross the sea merely by standing and staring at the water.” -Rabindranath Tagore

  13. #7858
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    Quote Originally Posted by winner69 View Post
    Half way through second quarter

    Hope the mystery shopping is doing the trick and sales are booming, esp to n Christchurch and Auckland,
    No worries mate, Julian just telling fibs regarding the slowing property market affecting sales, gonna be a boomer with all the cruises they've been giving away.

  14. #7859
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    Quote Originally Posted by tipsy View Post
    No worries mate, Julian just telling fibs regarding the slowing property market affecting sales, gonna be a boomer with all the cruises they've been giving away.
    Of course. Fantastic sales, fantastic fall in margin along with it. Seems like desperation to me.

  15. #7860
    An Awesome Cool Cat winner69's Avatar
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    House prices set to rocket ...again

    http://www.sharechat.co.nz/article/8...tion-of-7.html
    ”You can't cross the sea merely by standing and staring at the water.” -Rabindranath Tagore

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