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29-05-2020, 03:15 PM
#5351
Originally Posted by justakiwi
It is an outstanding result and it is entirely due to the measures the government took from day one,
Were too slow to close the border. Didn't take Ashley's advice.
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29-05-2020, 03:32 PM
#5352
Originally Posted by Sideshow Bob
Were too slow to close the border. Didn't take Ashley's advice.
Probably. I was calling for it to be closed about 2 weeks prior, but I think the country needed to go through the process it did. Had it been closed earlier, a lot less people would have been in favour, even though it was plain to see what was happening overseas. Having said that, a National lead government would have probably left it even longer for fear of the economic carnage...we'll never know. All seems like a blur now though. Sorry, off topic.
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29-05-2020, 03:48 PM
#5353
Originally Posted by nevchev
Wouldnt be silly to take out a small mortgage at fixed rate of 2.something% for 5 years and buying OCA which at 6% would still offer a return of over 3%.Not to mention the capital gain!!!
So I put this very concept past my bank this week, no mention of any figures or anything, just curious to hear their response more than anything. This was it:
"After discussions with the right people we are unable at this stage to release funds/equity for shares. It is something that <name of bank> is normally not comfortable with at the best of times but given the current environment it’s a no."
Very prudent, if boring.
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29-05-2020, 04:05 PM
#5354
Originally Posted by Cyclical
So I put this very concept past my bank this week, no mention of any figures or anything, just curious to hear their response more than anything. This was it:
"After discussions with the right people we are unable at this stage to release funds/equity for shares. It is something that <name of bank> is normally not comfortable with at the best of times but given the current environment it’s a no."
Very prudent, if boring.
you meant to tell them you need money to build a BIG deck
But I think they've done you a great favour
Last edited by winner69; 29-05-2020 at 04:07 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-05-2020, 04:08 PM
#5355
Member
Originally Posted by Cyclical
"After discussions with the right people we are unable at this stage to release funds/equity for shares. It is something that <name of bank> is normally not comfortable with at the best of times but given the current environment it’s a no."
Very prudent, if boring.
I wonder if banks would lend for investing into their own investment funds? Imagine that, they would clip the ticket twice.
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29-05-2020, 04:09 PM
#5356
Originally Posted by dobby41
Does level 2 restrict rest homes or do they restrict themselves?
I think it is the later - villages can be as close to normal as the rest of us but, I think, they choose not to.
Yes I believe it is the latter. The vast majority of the retirement industry has been playing this very conservatively and good on them and especially good on all the brave caregivers who worked right through this crisis at significant risk to their own health and the health of their loved ones. Awesome stuff !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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29-05-2020, 04:42 PM
#5357
Member
Originally Posted by Cyclical
So I put this very concept past my bank this week, no mention of any figures or anything, just curious to hear their response more than anything. This was it:
"After discussions with the right people we are unable at this stage to release funds/equity for shares. It is something that <name of bank> is normally not comfortable with at the best of times but given the current environment it’s a no."
Very prudent, if boring.
On ya!!Takes cahoonas to think like that.My focus changed when they announced changers to the biulding regulations regarding what does and doesnt require consents.Still looking to take advantage of the cheap money.cheers
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29-05-2020, 04:49 PM
#5358
Originally Posted by winner69
you meant to tell them you need money to build a BIG deck
I'm not sure the IRD will let you claim on the loan costs for a deck, even if it was for the local OCA village ;-)
Originally Posted by winner69
But I think they've done you a great favour
You're probably right. However, I wouldn't have gone large, and OCA would probably need to retract back into the 70s for me to take the plunge with money that's not mine. One would assume that bank's money dropped into OCA at ~25% discount to NTA would be safer than dropping it into a rental property at current asking prices? Anyway, no matter, sleep easy is good.
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29-05-2020, 04:49 PM
#5359
Member
Whats going on at the auction.good greif!!!
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29-05-2020, 04:53 PM
#5360
Originally Posted by nevchev
Whats going on at the auction.good greif!!!
Nothing to see, relating to this as per below...
"NZX Product Operations wishes to advise that today’s ‘Adjust’ trading session in X-stream will be extended to 45 minutes for the NZX Main Board, Debt Market, and Fonterra Shareholders’ Market.
This amendment has been made to accommodate the last trading date in advance of the Quarterly Index Review for the MSCI Equity Indices.
The Adjust session will operate from 5:00pm to 5:45pm. The Enquiry session start time will move to 5:45pm."
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