Surely someone who creates 500 jobs is just as worthy as someone who kicks a football !
Probably a lot more worthy. We in NZ seem to idolise our successful sports people, but for some reason successful businessmen are not give the same respect. If anything that is what is holding us back. We need to make more positive examples of where people have succeeded in business and give the younger generation another type of idol to aspire to.
"Housing affordability was once only an Auckland and Queenstown problem. The latest QV data shows it spreading rapidly nationwide as a renewed spurt of house price increases take it to most urban centres"
Oh dear, what is sweet Jacinda going to do now to convince voters (especially those now waking up to her star dust filling their brains with bull **** dust) that she has a plan to make housing affordable?
1. Capital gains tax? Nope - she has done a massive U-turn and it's off the agenda forever as far as the cynical one his concerned.
2. Kiwibuild? Please do not mention that obscene word in her presence - it never existed.
3. Ban overseas buyers? Done and have had no effect on the market.
4. Build more houses? The deniers and apologists already claim that is happening but why are prices are going up?
"While existing homeowners are getting a positive wealth effect, these sharp moves higher nationwide will bring Auckland's famous housing affordability problems to become a broader stress elsewhere. Prospective first home buyers may feel their opportunities slipping away. Low interest rates are no solution - they have been low all year, so rising prices now only mean purchase deposits have become a larger mountain to climb."
The year of delivery has become the year preceding the bull **** dust smoldering the deniers and apologists for sweet Jacinda.
Why are house prices going higher? Did you notice a 0.75% drop in the OCR in the last year? Thats why. Stupid bloody inflation targeting by making credit cheaper.. And you'll note thats not the PMs doing, thats the RBNZ.
Why are house prices going higher? Did you notice a 0.75% drop in the OCR in the last year? Thats why. Stupid bloody inflation targeting by making credit cheaper.. And you'll note thats not the PMs doing, thats the RBNZ.
Fungus' first commandment.
Interest rates and asset prices shall be seated at opposite ends of the see-saw.
Last edited by fungus pudding; 08-01-2020 at 05:54 PM.
Why are house prices going higher? Did you notice a 0.75% drop in the OCR in the last year? Thats why. Stupid bloody inflation targeting by making credit cheaper.. And you'll note thats not the PMs doing, thats the RBNZ.
And what were interest rates doing during John Key/Bill English period of government?
Sweet Jacinda has no leg to stand on.
Watch for wedding announcement from her or news of another baby - she is cynical enough to do either to improve her election chances.
Bookmarks