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29-12-2016, 09:51 AM
#11421
 Originally Posted by Major von Tempsky
Come Xmas 2017 no one will remember who Gareth Morgan was, other than that he wanted to kill cats and he was Sam Morgan's father and managed to make some money by going along for the ride with Sam.
To be fair he made his own money before riding on Sam's coat tail.
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29-12-2016, 10:07 AM
#11422
Originally Posted by Major von Tempsky
Come Xmas 2017 no one will remember who Gareth Morgan was, other than that he wanted to kill cats and he was Sam Morgan's father and managed to make some money by going along for the ride with Sam.
I suppose that is true of most economists. They won't be remembered. 
westerly
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29-12-2016, 10:09 AM
#11423
Originally Posted by westerly
I suppose that is true of most economists. They won't be remembered.
westerly
It's true of most people. Why pick on economists?
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03-01-2017, 08:28 AM
#11424
el Zorro Still in North Korea? He must be having a great time - must have had his laptop confiscated!
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03-01-2017, 04:52 PM
#11425
Fears of a 'massive' global property price fall amid 'dangerous' conditions and market slow-down
From today's NZ Herald on OECD report. So that is why John Key bailed
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03-01-2017, 07:12 PM
#11426
have a look at 29 Ripley gardens London. My Son has just sold it. Dropped the price along with the others in the chain so everyone is happy.
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03-01-2017, 08:03 PM
#11427
Originally Posted by craic
have a look at 29 Ripley gardens London. My Son has just sold it. Dropped the price along with the others in the chain so everyone is happy.
Would the person at the top of the chain really be celebrating that they received less for their property?
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03-01-2017, 08:18 PM
#11428
Originally Posted by Sgt Pepper
Fears of a 'massive' global property price fall amid 'dangerous' conditions and market slow-down
From today's NZ Herald on OECD report. So that is why John Key bailed
Yes, of course it is if you say so, although I'm not too sure why that would make anyone bail. It's just an inevitable thing in asset value cycles, and if it occurs in the near future whoever gets blamed, which should be the bankers, will get blamed whether they are still in their jobs or not.
Last edited by fungus pudding; 03-01-2017 at 08:24 PM.
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03-01-2017, 08:48 PM
#11429
The person at the top of the chain got a five bedroom house at Richmond that he didn't think he could get. The price is not relevant.
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03-01-2017, 11:19 PM
#11430
Originally Posted by craic
The person at the top of the chain got a five bedroom house at Richmond that he didn't think he could get. The price is not relevant.
So the chain ended with the sale of the Richmond house - the vendor was not purchasing another house? The price is relevant for the person selling the house as they received a lower sale price and it is relevant for the buyer as the lower price may have meant he could then afford it.
If the person at the end of the chain is a Kiwi who is returning to NZ, then as they had to accept a lower price then they will have less money to bring back to NZ. Plus they will find Brexit has slashed the exchange rate as well!
Brexit uncertainties are forecast to hit London house prices:
https://www.bloomberg.com/news/artic...-chokes-market
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