Finally into $2s, will it hold and keep above the range...
Its in anticipation of little above guided results and good dividend ...I think till its cum dividend it can run up till $ 2.20 if overall markets hold up
I guess its a sad state when people take a reverse mortgage to repay their credit card bill ... but hey, all good for Heartland.
I recon the number of new potential customers for them is nearly unlimited in times when generations learned to operate under "buy now and pay later".
Clearly - whoever bought this expensive holiday and the big SUV in the driveway on the card needs now to take it on the house ...
One difference BP will be the "BNPL' crowd will not be able to save a deposit for the house.
The existing homeowner did , so let them borrow some of the equity to make their life a little more comfortable .
No point of being the richest person in the cemetery
thanks for posting Percy. that graph in the article is pretty cool. Makes sense if house prices keep going up lol
A lot of my parents friends are selling their auckland homes and moving to Whitianga or Whangamata. Thats a good option as well. Sell up your central Auckland suburb house, buy in a relaxed good vibes town, away from the big smoke and bank $1m cash while you are at it. Just hope the kids and grandkids visit lol
One difference BP will be the "BNPL' crowd will not be able to save a deposit for the house.
The existing homeowner did , so let them borrow some of the equity to make their life a little more comfortable .
No point of being the richest person in the cemetery
“Financially richest in the cemetery”. Some people feel rich and own nothing and are sometimes the happiest people I have ever met and most down to earth
One difference BP will be the "BNPL' crowd will not be able to save a deposit for the house.
The existing homeowner did , so let them borrow some of the equity to make their life a little more comfortable .
No point of being the richest person in the cemetery
Surely everybody who buys a house with a mortgage is part of the BNPL crowd. And how many of those who buy with a deposit and mortgage had part of the deposit funded by family? The NZ real estate market is based on a BNPL foundation and a cosseted fiscal environment.
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