Cheaper than Auckland, explain that.
Ok, but you ignore the fact that both Jacinda and the RBNZ said recently they don't want to see house prices fall, and the RBNZ could have dropped LVRs immediately but chose to signal investors have 4 months to drive up property prices. This is the same as...
How do we get them to spend their political capital without revolution. I think the only way is to get those who are going to euthanase anyway, to do it on the steps of parliament as a recognition of the hell they have created, and an ode to Seymour. Self ...
Roulette is probably the best gamble at the casino (94% payout), as long as you don't bet over multiple winning options, then you bet against yourself to lose. And it always follows patterns. That why casinos have maximum bets so you cannot keep doubling ...
Yeah I don't have any issue with what you say. Tax is a tool to manipulate behaviour. Thinks alcohol and ciggies. And yes there is a plethora of tools to deal with property speculation, of which tax is only one. I was just responding specifically to the ...
Be as clever as you feel. Before the 2017 election, the Greens set a target of 1% immigration, which is 50,000 pa Pretty high. They were pilloried for that and dropped the numbers, https://www.stuff.co.nz/national/politics/94303173/green-party-apologise-...
Yes, it is, and as I said that is what matters, not realised gains. Because that gives investors more equity to raise loans against, and the supply of M3 money increases exponentially as do property prices.
Sure, I will check it out. Never easy as no party will put numbers on it, but I will get you proof if I can.
And, house sellers may have raked in 4.4 billion for the September quarter, but what is the relevance of house sellers, when we don't have a CGT. People who owned properties raked in gains of 200 billion for the year end Sep 2020. That is what matters.
I think you need to get a few facts right before you jump to conclusions. The median house price in Auckland is over NZD 1 million, in Sydney, where it is predicted house prices will surge after Covid-19, just like here, it is less than NZD 950,000. Sydney...
LOL, now I get it, you're Scottish. So am I you dumb bastard.
Land prices, the cost of existing builds and interest rats were removed McFlock. So the weighting of housing in the CPI dropped from 33% to 13%. Which means house prices can skyrocket and CPI barely moves, so interest rates don't have to increase to bring ...
I've downloaded all the pages McFlock. As security. I'm not upset about it, what I can't get my head around is why no one else is upset that history is being deleted. Especially a stats nut like you :)
http://infoshare.stats.govt.nz/browse_for_stats/economic_indicators/cpi_inflation/home-ownership-in-the-cpi.aspx#gsc.tab=0 apologies posted this where you may not have seen it. Can you please read what happened in the 90's, and base your comments and ...
Yeah well I might write, probably not as there is no point without widespread public support. When stats nuts like McFlock don't know what is happening, and don't seem to understand the implications it fills one with a sense of dread. Stephen Harper has ...
Are you taking the piss. Bolger and Shipley removed land costs, existing occupied builds and interest rates from the CPI. That is what they are trying to hide.
Check the 90's if you need guidance, and think about the implications. And why Seymour is "laughingly" asking for those land costs, existing occupied buildings, and mortgage rates being brought back into the CPI.
How governments have manipulated CPI to exclude housing, so the so called independent RBNZ has no control over house prices. As a nerd I would have thought you would like to go back and see how things change, immigration, CPI basket weighting etc. ...
This page will disappear forever, because now it is becoming MSM news http://infoshare.stats.govt.nz/browse_for_stats/economic_indicators/cpi_inflation/home-ownership-in-the-cpi.aspx#gsc.tab=0
PS, this is a warning to you all.
Not sure if anyone is interested as I haven't seen it mentioned. But Stats archives are about to disappear from easy reach. https://www.stats.govt.nz/closing-the-old-stats-nz-website/#:~:text=The%20old%20Stats%20NZ%20website%2C%20archive.stats.govt.,...
That would be great, and I guess on first thoughts we could hold them accountable under their new TOW partnership laws. But then they could argue it's not about left v right wing, they are creating a discussion between Treaty partners for the well being of...
"The downside is they've set themselves up as a partisan player in the political life of the country just when the idea that there is an "extreme centre" made up of the liberal middle class establishment & political-media complex is gaining more and more ...
This is the reason Roger Waters wrote the lyrics for Pink Floyd's Dark Side of the Moon. It was a warning, about people like Seymour. How quickly we forget.
The temporary freight issues will not be solved in the near future. Where does that come from, the vaccine? That will not solve any freight issue within 2 years. The RBNZ does not have a mandate to "look through that". And they have no mandate to worry ...
Pat if imported goods cannot make it to NZ because of freight issues, then those items will be in short supply, and so the price of those goods in NZ rises. And the CPI has been manipulated to increase the weighting of those cheap imported goods. The fact ...
I presume you mean NZD:USD, and yes I have. The dollar means nothing to me. Or anyone for that matter. And yes it is rising and so import prices may be cheaper, but you are missing the point that a drop in supply of imported goods is going to drive up the ...
I saw one ray of hope today. https://www.stuff.co.nz/business/123475071/freight-congestion-pushing-up-prices-and-costing-companies If freight restrictions do push up the price of imported goods, maybe inflation goes up and interest rates go up and the ...
Thanks Tiger for starting the conversation. https://www.stuff.co.nz/national/politics/300166767/why-grant-robertsons-letter-to-adrian-orr-is-a-big-deal-and-what-happens-next This sums up exactly why the government doesn't give a shit about house prices. If...
Well ok, but how does that work when Goodfellow and his cronies are among the biggest players in the seafood and dairy industries in NZ. You really think they would allow Nikki to be leader. I don't think so.
The National Party are united when they are winners and in disarray as losers. When they are losing some heads need to be put on pikes. So poor poll results mean some might not get the gold plated salary so here comes disunity. The reason given for ...
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