If things are as bad for the residential landlord class as claims Andrew King, chief executive of the New Zealand Property Investors Federation – in Auckland $250 plus down EVERY week of the year – one wonders that anyone risks their financial future by becoming one.
I mean these are meant to be canny lads and lasses right into the Brighter Future a la their idol Mr Gauche. Altruism usually takes the back burner when doom is in the offing so there’s obviously an upside which King is fully aware of but dishonestly withholds.
the property is not bought as a rental. It is bought as a speculation object, and in the mean time is rented. It does actually not matter if it covers the mortgage or not.
And why should rent cover mortgage, considering that the ‘rental’ will bring in money of many many decades.
One of the houses that sold in my street was rented to one lady and her kids for over 20 years. She never managed to save enough to buy a house (min wage, no extra income, etc) she did make enough to spend over 300.000 $ in rent during the time she lived there. In that time nothing was done to the interior, which is the reason the house in the end sold for 200.000 $ less than the next house which was build at the same time and got renovated before sales. $ 690.000 unrenovated – build in the 1980 vs 890.000 renovated – build at the same time.
So if you consider that maybe the houses/land in westie land would have been about 100.000 initially, one could say that the property owner (well the son who inherited it) made a good profit on it. Did the rent initially cover the mortgage, probably not. Did the rent cover the mortgage and then some in the end. Yes it did
So Andrew King, chief executive of the New Zealand Property Investors Federation IS dishonest. And possessed by a nasty sense of entitlement. Thought as much.
King wouldn’t also be an ACToid, or would he ? This is why I ask – from the article – King, (complainingly) – “Insulation in rental properties is to be compulsory……” – wait for it – “……. whether the tenant wants it or not.”
It is not that he is dishonest, he is just very flexible with the truth.
If I buy a rental today as an investment, and want to hold on to it throughout my retirment an maybe leave it in the family then clearly it is a ‘rental’. If i buy a rental today with the intention to rent it until the market has provided enough incentive to sell it, then it is an object of speculation, which is what we are currently seeing.
the rental object will be in my family for 30 – 50 – 150 years maybe (consider that in europe many of the old houses are still in the hands of the same families, have been modified to accommodate more people, renovated, upgraded etc). Now initially the rent will not cover monthly or weekly mortgage payment, but at some stage the mortgage is paid and the rent becomes income and gain.
Consider also that lets say a mortgage of $ 600 per week might be the honest price for a property. But would $ 750 be an honest rental price for the same property? (and yes i added $ 150 to cover costs of admin, rates, n leaky roof)? Depends, what stage is the house in? How old is the carpet, fixings n trimmings?
So you see the mortgage of 600 is fine, after all one gets a property n stuff – an investment that even might be worth double or triple in the future, but the maximum rent for the same property due to its state might only be worth $ 360, and voila the rent does not cover the mortgage.
So at best the good man is paid to be a misleading shill and won’t somebody please think of the poor and misunderstood property owners and their staff in the the property industry.
IMO the big lie is the sly insinuation they paid latest price for their properties, they always talk about the costs of a house bought at the current price. In truth they largely charge today’s rents for yesterday’s houses, their own costs are much less than they infer.
He’s sure got some chutzpah. Whining about his business not being allowed to claim depreciation while he pays no tax on his property’s massive appreciation. Life is so unfair isn’t it, poor guy.
His whine about depreciation is easily fixed … Allow depreciation BUT then tax all capital gains, and the depreciation that was claimed on sale will be recovered so it is only a timing matter. Sure the property owner gets some small tax relief but pays this back, and the govt books benefit from all capital gains achieved.
I wish Andrew King was correct in saying “Andrew King: Rental prices in NZ are actually quite reasonable” If they were and kiwis were paid a reasonable wage then there would be no necessity for an Accommodation Supplement. As in 2011 we were paying out $1.2b, take this away then the rental market has $1.2b less to spend on accommodation and rentals should fall. Unfortunately the world does not operate under “market driven basis”, 🙁 http://www.interest.co.nz/property/60426/govt-reviewing-accommodation-supplement-rent-subsidy-housing-minister-heatley-says
“In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss what the price of sardines teaches us about disintermediation. They also discuss the strange email from Sidney Blumenthal to Hillary Clinton about the real reason for France’s invasion of Libya. In the second half, Max continues his interview with Reggie Middleton about Pathogenic Finance: The autonomous, anti-fragile, trustless paradigm shift transforming banking, brokerage, securities and insurance.
That segment on Pathogenic Finance with Reggie Middleton is brilliant . That’s a game changer that would do to the financial sector what peer-to-peer file sharing did to the music and film industries. I can see the full force of Wall Street pushing back on that idea.
With the proposed signing of the TPP looming, there seems to be more people interested in e accessing information about it. I recommend the following link https://tpplegal.wordpress.com
As well as expert analysis on 3 papers, there are excellent articles in the commentary section.
This is another on Māori and TPP – you may already have put it up
Expert paper on TPPA & Treaty of Waitangi: government fails to meet obligations to Maori
The third in a series of expert peer reviewed papers on the implications of the Trans-Pacific Partnership Agreement for Aotearoa New Zealand was posted on the tpplegal website today.
The paper was co-authored by Carwyn Jones, a senior lecturer in law from Victoria University, and Andrew Erueti, Associate Professor Claire Charters and Professor Jane Kelsey from the University of Auckland law faculty. The peer reviewer was lawyer Moana Jackson from Ngati Porou and Ngati Kahungunu.
‘Maori have long-standing concerns about law and policy relating to issues such as traditional knowledge, biodiversity and environmental management’, says Carwyn Jones, who wrote that section of the paper. ‘The TPPA will hamper the ability of future governments to develop Treaty of Waitangi-consistent law and policy in these areas.’
‘It is extremely disappointing that the Government would enter into such an agreement without securing effective protection for Maori, which the “Treaty of Waitangi Exception” fails to do.’
‘All New Zealanders ought to be concerned that the TPPA is moving us further and further away from effective recognition of rights guaranteed under the Treaty of Waitangi, putting another obstacle in the way of reconciliation and the resolution of grievances.’
Do you know if anything happened in Japan regarding the last story?
I notice that it is dated 4 September 2015 and that all the comments are from about four months ago.
That is a very interesting write up, thanks. It’s a good example of why non-rapist men need to step up and end rape culture. Women are doing what they can, and some men, but if the only way that that situation with the publicist could be dealt with was via twitter there is something very wrong (not that that’s news). I’m very glad that those women used twitter in this way, and I’m disgusted that they had to and that the people in the culture they live and work within are all pretty much ignoring and/or supporting rape culture.
…authentic human identity is only available to those who insist on being something more than the means to someone else’s end. Who we are now, and what we may yet become: both conditions drive us forward….
Very profound and true. I often wonder why people become super competitive – that is, to the extent that they just HAVE to be better/outdo the next man/woman. we’re constantly told that should be what drives us.
I used to wonder about that amongst musicians (guitarists for example who strove and claim to be better than say Clapton, rather than simply trying to improve themselves; or dealing room wideboys competing to outdo their colleagues). That seems to be simply an exercise in stroking ones own ego.
We’re constantly told the competitive spirit and ambition = good. I’ve seen some pretty devastated people with those attributes when a bit of shit hits the fan – as in they totally can’t cope and spend their days beating themselves up.
I guess we might be in for quite a few people jumping out of Wall Street windows in the not too distant
Competition in the right place can be a good spur. I wouldn’t mind at all if NZ pollies aimed to keep us up with the other countries with innovative, future thinking measures say about the environment, or to bring recidivism from crims down etc.
Not aim for the top, just achievable ashperashuns. But no. Lazy Maysie and Co. are off on holiday.
yep, however I’m not sure they need to ‘compete’ necessarily, but just like the 4th Estate ….. they just need to do their fucking jobs and act with a bit of principle and a few ethics.
Narrowing, managing, controlling: isn’t that the story of the last thirty years?
Listen both National and Labour while they tell us that we can’t do what’s needed to make our society better. It’s all about keeping us in a very narrow mindset of profit for the rich.
We have, over the last thirty years, allowed ourselves to be straight-jacketed into being what the oligarchs want us to be.
“Labour thought that because the Conservatives did not win 2010, when they had Gordon Brown as their leader and the economy was in the toilet, the Tories would be unable to win [in 2015] and all they had to do was sit on the horse and hang on,” says Crosby. “They never said sorry for their mishaps, they never really did an honest review of their policies, they never had a story about the future for the British people. They just did not do the work. They were intellectually lazy and thought themselves intellectually superior.”
lol
Tory whose campaign strategy revolves around “brevity, relentlessness, focus on and leverage of public preconceptions” suggests that Labour should have done more policy debating and public confessionals. Cheers for the advice, Lynton…
Assuming O’Sullivan’s correct about the SkyCity venue ……. would say it all really. And tacky tacky tacky ! Let’s pray the sounds won’t be down to New Camelot Max.
I was told by a friend that the signing in AKL is only for the press. The official signing with dignitaries n such could be at a more formal site. Signing of the TPPa at Waitangi anyone? lol….interesting times.
A report by the Sustainability Council shows that under the TPPA, the Investors will be able to sue governments especially in matters relating to the environment.
I think it was Paxman I heard say, “An informed society is a healthy society”. Weldon’s vision for NZ society seems to be going in the opposite direction, unsurprisingly.
Oh but better and bigger Muttonbird. Now TV3 Newshub at 6pm.
“The service will provide the latest news and in-depth analysis, with a dedicated, state-of-the-art app and website and TV and radio news bulletins across MediaWorks’ channels – as well as fuelling news content across other programmes such asPaul Henry.”
So a reverse of Checkpoint on RNZ – or something?
TV3 News flash to our great Newshub media team –
Let’s all join hands and play American Whispers along the chain (not Chinese now they are our friends) which will ensure stories go across all Mediawork channels. Sometimes we’ll start the story at one end and it will finish up with Paul Henry, and sometimes the other way round.
We will add to our reports spice, verve, topicality, tons of amusing opinion, and plenty of room for surmise and prophetic announcements. All participants will bear their own slander legal fees, and compulsory insurance should be entered into pronto
So before anything too controversial or about serial litigants, check with the legal team.
/sarc edited
dontcha just lerv the lingo – there goes the Mark of a total bullshit artist. A Key player in the new media vironmint (going forwid)
Ekshully, there’s been a series on the National Geographic Channel (such as that travesty to the name is – it’s founders are busy rolling in their graves) looking at the 80’s, then the 90’s,and now the 00’s.
It’d be interesting to look back on this decade from the future – it won’t be pretty.
Mark and Joolie (all kitted out with stetson). It’ll look something like the Class of 87.
stick a match to it CV – better to do it now than later. It’s all paper anyway…..and total crapola. There are better uses for paper – like things more meaningful to societies.
why put people through constructs (such as ‘austerity’) when in the end the inevitable will happen?
I ‘spose its because it makes money (as opposed to ‘currency’).
Roll on the crash I say – the sooner the better!
China doesn’t like too much nitrite in it’s water…can’t think why.
“”To class water as ‘spring or artesian’ for the New Zealand market the maximum level of the naturally occurring nitrite is 0.2mg/L while the Chinese maximum level is 0.005mg/L. Unfortunately the levels of nitrite were higher than the Chinese standard hence the product was returned,” she said.
Roderick Brodie, University of Auckland marketing professor, said the Chinese requirements were stringent.
But he said the concern was that a rejection on the basis of nitrite could be read as being linked to excessive use of fertiliser.
“The Hawke’s Bay bottling company needs to come out with a very strong press release to counter this, so that we don’t have anyone saying we’re not a clean and green country.”
He said Fertiliser might not have anything to do with it, but that was the risk that was run.”
Picky beggars those Chinese…what’s a bit of nitrite between friends?
So this is what effing Bennett has spent her holiday cooking up. Regional centres have enough on their plates without having to deal with her relocated Aucklanders.
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Much has been written about the importance of discretion in an emergency situation, and the concerns raised by the potential for it to be exercised arbitrarily. Given the quality of the discussion, there seemed little point in adding to it at any length. In particular, I point to the evidence ...
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For those folk who find my other Lock-Down Diary versions too “negative” or otherwise unpalatable… Here’s a photo of my cat, . . Better? Tomorrow’s Sanitised Version: a pretty flower. . . . =fs= ...
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Funnily enough, my thought as I start this post is whether it will be well written enough. Or should that be well enough written? Because so much of what I know about good writing came from my two stints at The Listener, which this morning was shut down due to ...
With normal democratic procedures in abeyance, there were two ways to go. First, it was open for the government to dissolve itself and invite the National Party to join a ministry of national salvation. That would have lessened the democratic deficit of the times by having a team of rivals without ...
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Hungary has been a virtual dictatorship for a decade now, as Prime Minister Viktor Orbán has gradually eroded its democracy. But now, its official, with the passage of an indefinite emergency law allowing rule by decree:Hungary’s parliament has passed a new set of coronavirus measures that includes jail terms for ...
While the economy is on pause under lockdown, the government is beginning to plan how to cope with the post-lockdown, post-tourism, post-export education world we will eventually find ourselves in. They're planning a lot of infrastructure spending as economic stimulus, and have asked for proposals which can start the moment ...
It's my distraction, setting up tiny scenes to photograph. I've got stuck on the Babushka dolls for now. Something about their bubble shape. Something about their never changing, smiling features, suggesting persistent equanimity. Can we get through everything that is being thrown at us and keep at least a tiny ...
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Image credit:Diamond Harbour School Blogs I notice a few regulars no longer allow public access to the site counters. This may happen accidentally when the blog format is altered. If your blog is unexpectedly missing or ...
Yesterday's Horizon poll showing support for a "Yes" vote in this year's cannabis referendum sliding into the majority for the first time in a year looked like good news for reformers – and it probably is. But the result warrants some scrutiny.The poll is the fifth in a series commissioned ...
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The following statement was released on March 28 by the National Network on Cuba, a coalition of 40 groups, based in the United States. In recent weeks, Cuba has deployed hundreds of medical providers to over a dozen countries in Europe, Asia, as well as to their neighbors in Latin ...
This has been a terrible summer for Hector’s dolphins. The first indication was very low numbers of dolphin sightings during late spring and early summer. The Otago University Marine Mammal Research Team has carried out routine dolphin surveys at Banks Peninsula for more than 30 years. In all that time, ...
On March 17, Finance Minister Grant Robertson was quick out of the blocks with an economic rescue package to help businesses through the inevitable recession resulting from the coronavirus pandemic. Robertson had pulled together a scheme in short order that so far seems to have saved many jobs. In his ...
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Since the lockdown began, we've all suddenly been reminded who the actually essential workers in our society are: not the people at the top who pay themselves the big bucks and rort the perks, but the people at the bottom they screw over and squeeze: cleaners, warehouse staff, truck drivers ...
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Broad, Sunlit Uplands: How those words fired my young imagination! Or, perhaps, it is more accurate to say: how those words fused, in my young mind, with the image printed on every packet of Fielder’s Cornflour. Always fascinated by history, especially modern history, I cannot hear Churchill’s wonderfully evocative words, even ...
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This is a re-post from Yale Climate Connections A respected research group, Project Drawdown, finds that deploying solutions consistent with meeting the Paris climate targets would cost tens of trillions of dollars globally. But crucially, those outlays would also yield long-term savings many times larger than the up-front costs. The new 2020 Drawdown ...
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We’ve been meaning t write something on Cuba and the coronavirus but have just discovered a very good article on the subject in the US left publication Jacobin. The article looks at how Cuba, a poor country but one where capitalism has been done away with, is leading the way ...
In 2018, El Shafee Elsheikh and Alexanda Kotey - two British citizens who had purportedly been stripped of their citizenship by the British government - were captured while fighting for Isis in Syria. The British government then conspired to hand them over to the US, and agreed to provide evidence ...
Transformers: The disaster of the Great Depression was transformed into a new and fairer society by the democratic socialism of the First Labour Government. The disaster of the Covid-19 Pandemic offers a similar transformative possibility to the Labour-NZ First-Green Government. Seize the time, Jacinda! You will never have a better ...
Tamper with The System? Well, we already are. But there's a difference between accidentally trickling sand into a precision gearbox versus formulating a plan to alter it on the fly with improvements in mind. One action is more or less innocently unscrupulous, the other amenable to earning an easy ...
Associate Prof George Thomson, Louise Delany, Prof Nick WilsonWhile it is possible that New Zealand can use intense public health controls to eradicate COVID-19 from the country – we must also plan for other scenarios where thousands of New Zealanders are sick – including many urgently hospitalised.1 Better resilience ...
Kia ora my name is Chloe Ann-King* and I am the founder of Raise the Bar, a campaign and non-profit that gives free legal aid, advocacy and tautoko to hospitality workers in Aotearoa. Right now all over our country hospo workers are being fired at will, having shifts cut or being ...
We're about to do something unprecedented as a nation. We hope that by taking this extraordinary action before a single life in New Zealand has been lost to the deadly novel virus we will save tens of thousands of lives. Our lives. We'll do it together, in households, in isolation ...
“There is a time for everything, and a season for every activity under the heavens.”So writes the author of Ecclesiastes, a book in the Old Testament that’s counted as a ‘wisdom’ book and written as if by an unnamed king of Jerusalem. But who would have thought there would be a time ...
I was surprised when the prime minister described the Economic Response to Covid-19 package as the ‘largest peacetime government spend in New Zealand's history’. Reflecting – checking through history – I realised that the term ‘spend’ was crucial and the package had no income tax cuts. Even so, it has ...
Foreign Minister Winston Peters says getting New Zealanders back home and other travellers out of the country is "a nightmare for our embassies, consuls, and staff around the world".Speaking to NewstalkZB's Mike Hosking, the Foreign Minister said that he gave a clear message to people travelling overseas that they ...
The domestic travel ban has been lifted for stranded foreign tourists trying to get to international airports to fly home, after the Coalition Government announced a plan to help the tens of thousands of foreigners stranded here. Foreign Minister Rt. Hon. Winston Peters spoke with RNZ's Susie Ferguson said foreign ...
Deputy Prime Minister Winston Peters believes the country is rediscovering its resilience and self-reliance through its response to the COVID-19 pandemic.He says he is heartened that the mass majority of New Zealanders are following lockdown rules and that the government looking at the future, including paying to keep much ...
New Zealand can emulate the success of the US after the Great Depression by exploiting our own resources to turn the economy around quickly, Deputy Prime Minister Winston Peters says. Mr. Peters told Magic Talk that New Zealand has an opportunity to come out of the COVID-19 pandemic a "superior, ...
All 45 New Zealand Defence Force (NZDF) personnel are either on their way back to New Zealand, or already in the country, according to Defence Minister Ron Mark."Twenty-eight personnel arrived back in New Zealand last week and are in isolation at the Royal New Zealand Air Force base in ...
The COVID-19 situation in New Zealand is moving fast - and to avoid what we've seen overseas - the Government's response must be to move fast too. We're committed to keeping New Zealanders safe and well-informed every step of the way. ...
We know people are feeling anxious about COVID-19. While the situation is serious, New Zealand has a world-class health system and we’re well-prepared to keep New Zealanders safe. ...
Foreign Minister Winston Peters is encouraging New Zealanders overseas to stay where they are amid the COVID-19 pandemic. "We are reaching a point where the best option for most New Zealanders offshore is to shelter in place, by preparing to safely stay where they are.” "This includes following the instructions ...
Rt. Hon. Winston Peters, Deputy Prime Minister, Minister of Foreign Affairs Foreign Minister Winston Peters is encouraging the tens of thousands of New Zealanders travelling overseas to consider sheltering in place, in light of COVID-19. “Since 18 March, we have been warning New Zealanders offshore that the window for flying ...
Ground-breaking law has passed that will decriminalise abortion and ensure women and pregnant people seeking abortions have compassionate healthcare. ...
The Green Party says that the measures announced by the Government today will help families and businesses to prioritise our collective health and wellbeing in the response to COVID-19. ...
As New Zealanders brace for a global downturn due to Covid-19, Deputy Prime Minister Winston Peters says his Coalition Government’s rescue package "more significant" than any other he's seen around the world. The Coalition is to reveal a multi-billion-dollar stimulus plan on Tuesday afternoon designed to cushion the economic blow ...
The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include: Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency ...
The Government’s plan to cushion the blow of COVID-19 by supporting incomes, jobs and businesses, and position the economy to recover has been backed by another international report. International credit rating agency Moody’s today reaffirmed its highest Aaa credit rating on New Zealand, saying the economy is expected to remain ...
National sports organisations have been given certainty of funding to ensure they can remain viable through the COVID-19 pandemic, Sport and Recreation Minister Grant Robertson announced today. “The global spread of COVID-19 has had a significant impact on sport and recreation in New Zealand, including the cancellation or postponement of ...
Changes have been made to allow butchers to process pork, only for supply to supermarkets or other processors or retailers that are open, Agriculture Minister Damien O’Connor has announced. “We carefully weighed the risk of allowing butchers to open their shops for retail customers, but the risk of spreading COVID-19 ...
Essential workers who take leave from work to comply with public health guidance are being supported with a leave scheme to ensure they will continue to receive income, say the Minister of Workplace Relations and Safety Iain Lees-Galloway and Minister for Social Development, Carmel Sepuloni. A number of essential businesses ...
A Government WhatsApp channel has been launched to help make information more easily accessible and shareable in the fight against COVID-19. Govt.NZ, which is free to use on any mobile device, will carry information and news for the public, businesses, healthcare providers, not for profits and local government. It can ...
The Government has announced a plan to enable the safe, orderly exit of tens of thousands of stranded foreign nationals from New Zealand during the current COVID-19 Alert Level 4 restrictions, Deputy Prime Minister and Foreign Minister Winston Peters has said. “When we moved into lockdown a week ago, the ...
Health Minister Dr David Clark says the Government is delivering on its commitment to support general practice doctors and nurses, and pharmacies on the front-line of our fight against COVID-19. "For us to overcome COVID-19, we need community health services such as general practice and community pharmacy to step up ...
Justice Susan Thomas has been appointed Chief High Court Judge, Attorney-General David Parker announced today. She replaces Justice Geoffrey Venning who has resigned from the position. David Parker paid tribute to Justice Venning, who he said had stewarded the High Court very capably over the last five years. “On behalf ...
Businesses can start applying to their banks for loans under the Business Finance Guarantee Scheme set up to support the New Zealand economy during the COVID-19 pandemic. “We’re moving quickly to protect New Zealand businesses, jobs and the economy during this unprecedented global economic shock,” Finance Minister Grant Robertson said. ...
Work is underway looking at measures to speed up consents for development and infrastructure projects during the recovery from COVID 19, to provide jobs and stimulate our economy. Environment Minister David Parker said the COVID-19 pandemic is a serious global crisis that will have a wide ranging and lasting impact ...
Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say. The Infrastructure ...
Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
The Government is ensuring supermarkets can open on Easter Sunday so we can buy groceries, but stay closed on Good Friday allowing workers to take a break. This provides a balanced approach and ensures we avoid large queues that two days closure may cause. “Supermarkets will be able to open ...
Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients. The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
“The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis. Trade and Export Growth Minister David Parker today welcomed ...
Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
People needing to travel on domestic flights, trains and Cook Strait ferries to get home before the country moves into level 4 lock-down tomorrow night will be able to continue using the passenger services until midnight on Friday, Transport Minister Phil Twyford said today. Domestic passenger services, particularly ferries, have ...
The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been ...
Assessing the economic impact of Covid-19 requires a new approach to a problem economists have not encountered in modern times, writes Dr Kirdan Lees Covid-19 has presented quite a problem for economists. Containment policies that seek to flatten the Covid-19 curve or eliminate the virus, restrict economic activity. All governments ...
Every day at 1pm New Zealand’s Director-General of Health Dr Ashley Bloomfield announces precise figures on the number of confirmed and probable cases of Covid-19 in the country. He is working on the best information available, and during this week the level of community transmission was put at around ...
Most of New Zealand's MPs are in lockdown just like the rest of us, confined to their neighbourhoods and stuck in their bubbles. Checkpoint called a few to ask them what they're doing. ...
Source: The Conversation (Au and NZ) – By Ben Deery, Lecturer in Early Childhood Education, University of Melbourne “Stupid coronavirus!” I heard my six-year-old mumble while talking in her sleep. Earlier that day her swimming and basketball lessons were cancelled, a birthday party postponed, and she had to race with ...
Source: The Conversation (Au and NZ) – By David Tuffley, Senior Lecturer in Applied Ethics & CyberSecurity, Griffith University “Zoombombing” in case you haven’t heard, is the unsavoury practice of posting distressing comments, pictures or videos after gatecrashing virtual meetings hosted by the videoconferencing app Zoom. With hundreds of millions ...
Analysis - A leading epidemiologist says health authorities 'really have no idea' of the extent of community spread, Parliament's Epidemic Response Committee gets its teeth into what's going on during the lockdown and the horrendous economic imp ...
The fifth in our new series of charts, graphics and data visualisations by Chris McDowall, covering the Covid-19 epidemic within New Zealand. We’ll publish the latest set each day on The Spinoff.This work is entirely funded by the generosity of The Spinoff MembersInformation about confirmed and probable cases of Covid-19 ...
The Finance Minister says struggling companies will be able to put some debt into hibernation, under new legislation unveiled today. Watch the latest government update here. ...
Source: The Conversation (Au and NZ) – By Michael Lund, Commissioning Editor, The Conversation Editor’s note: The following is current as at April 3, 2020. Things are changing quickly so best to keep an eye on the latest information from WA Health, as well as the federal government.This article ...
During the challenges associated with lockdown, the Māori Party are congratulating Ngāti Ruanui and South Taranaki on the decision of the Court of Appeal, announced today, to stop Trans-Tasman Resources plans for risky seabed mining off the South ...
Source: The Conversation (Au and NZ) – By Sunanda Creagh, Head of Digital Storytelling What does the COVID-19 pandemic sound like? For this episode, Dallas Rogers – a senior lecturer in the School of Architecture, Design and Planning at the University of Sydney – asked academic colleagues from all over ...
Source: The Conversation (Au and NZ) – By Sven Gallasch, Lecturer in Law, Swinburne University of Technology “People of the same trade seldom meet together, even for merriment and diversion,” wrote Adam Smith in The Wealth of Nations (published in 1776), “but the conversation ends in a conspiracy against the ...
Environment Minister David Parker has directed officials to find ways to fast-track consents for infrastructure and development projects. He says his goal is to help create a pipeline of projects so that some can start immediately once Covid-19 restrictions are lifted “so people can get back into work as fast ...
Analysis by Keith Rankin Spain and Switzerland top cases, countries converging. Chart by Keith Rankin.Spain and Switzerland top cases, countries converging. Chart by Keith Rankin.Of the larger European countries, Italy is now in third place for known cases per person in the population. Spain has overtaken Switzerland for ...
Contact tracing is a crucial part of the Covid-19 puzzle and technology might prove essential to scaling up New Zealand's tracing capacity, Marc Daalder reports With the lockdown reducing physical contact between members of the public and testing ramping up, the only missing piece of the Covid-19 puzzle is contact tracing. ...
Insolvency laws will be temporarily changed to allow troubled companies to trade while technically insolvent Finance Minister Grant Robertson has announced changes to the Companies Act to allow companies to put their debts into "hibernation". Robertson said companies facing liquidity problems would have "safe harbour" from their normal insolvency duties ...
Te Rūnanga o Ngāti Ruanui and Te Kaahui o Rauru are celebrating the decision of the Court of Appeal, announced today, to stop Trans-Tasman Resources plans for risky seabed mining off the South Taranaki Bight. The Court of Appeal found that there ...
Bernard Hickey talks to Kiwibank Chief Economist Jarrod Kerr about a massive spike in US jobless claims, and they talk about an inspiring Kiwi app to fight Covid-19 globally. Guest, Pie Funds chief executive Mike Taylor also joins them to talk about the massive market swings and hopes for recovery. Bernard zooms out ...
Political commentators from the left and right sides of the political divide are questioning the powers being exercised by police during the nation-wide “lockdown”. The Asian Invasion 2019 blog draws attention to the warning sounded by former UK Supreme Court Justice Jonathan Sumption when he challenged Covid-19 actions by British ...
Pacific Media Watch The International Coalition for Human Rights in the Philippines (ICHRP) has strongly condemned the shoot-to-kill order by President Rodrigo Duterte this week as a ‘dangerous’ opening to target and kill anyone in a public space. “We are raising the alarm in the international community on President ...
The Reserve Bank looks set to start buying council bonds as well as Government bonds to unfreeze financial markets and allow councils to defer rates and jointly invest in infrastructure with the central Government, Dileepa Fonseka reports In what would be another unprecedented move to calm financial markets and help ...
Four PhD students engaged a clinical psychologist to help them navigate an uncertain time in their studies. They share their findings here.As four PhD students from Massey University’s Joint Centre for Disaster Research we, like many others, can’t stop reading and talking about the unfolding events that have gripped our ...
The SpinoffBy Ashleigh Rushton, Lisa McLaren, Marion Tan & Sara Harrison
Covid-19 testing of the wider population is on the cards as World Health Organisation research shows people are most contagious within their first few days of being infected Director-General of Health Ashley Bloomfield says Covid-19 carriers are highly infectious when they show few signs of carrying the virus. People were ...
Z Energy is the latest company to cut its dividend payout and start talking to its banks about strengthening its finances. Chief executive Mike Bennetts said the company, the largest fuel retailer in the country, had been battered by a range of issues over the past 18 months, and was ...
Source: The Conversation (Au and NZ) – By Melissa Kang, Associate professor, University of Technology Sydney Young people in Australia are among the fastest-growing group to contract COVID19. According to the Department of Health, there are now more cases in Australia among people aged 20 – 29 years than any ...
Source: The Conversation (Au and NZ) – By Cassandra Pattinson, Research Fellow, The University of Queensland Getting a good night’s sleep can be difficult at the best of times. But it can be even harder when you’re anxious or have something on your mind – a global pandemic, for example. ...
Journalist and Great Barrier Island resident Lindsay Wright reflects on outer gulf pandemic preparedness. Hardy locals can tough it out but Auckland bach owners and boaties should keep their distance. Aotea Great Barrier, the easternmost island in the Hauraki Gulf, are undergoing a Covid-19-inspired population flood. Great Barrier has scenery that makes ...
The Pharmaceutical Society of New Zealand is delighted that the government has moved quickly to provide an initial financial support package for pharmacy. The $15 million package was paid this week to pharmacy contract holders. Pharmaceutical Society president ...
How is Covid-19 spreading within the country? Newsroom is collating information as it's available to paint a picture of what's happening.The following charts are based on numbers shared at the daily press conference and are "as of 9am" of the day. There were 71 new cases of Covid-19 in ...
A new poem by Wellington poet and bookseller Ash Davida Jane. washed up! it gets tiring pushing the fire alarm every nightbut things keep catching on fireor sometimes ...
Source: The Conversation (Au and NZ) – By Charles Foster, Postdoctoral Research Associate, University of Sydney Our earliest vertebrate (animals with backbones) ancestors laid eggs, but over millions of years of evolution, some species began to give birth to live young. There is a traditional dichotomy in vertebrate reproduction: species ...
Source: The Conversation (Au and NZ) – By Charles Foster, Postdoctoral Research Associate, University of Sydney Our earliest vertebrate (animals with backbones) ancestors laid eggs, but over millions of years of evolution, some species began to give birth to live young. There is a traditional dichotomy in vertebrate reproduction: species ...
Welcome to the second edition of our lockdown Top 10s. A reminder that this chart has nothing to do with sales or launches or the publishing cycle; these are just books the Unity team love – and this week it’s westerns, full of big skies and long rides and showdowns.AUCKLANDAll ...
Wellington Mayor Andy Foster’s plan to cover revenue shortfalls through borrowing without cutting low priority spending is immoral, says the New Zealand Taxpayers’ Union . “Businesses and households across the country are meeting financial challenges ...
Source: The Conversation (Au and NZ) – By Kevin John Brophy, Emeritus Professor of Creative writing, University of Melbourne “Katrina, I had in mind a prayer, but only this came,” Bruce Dawe wrote to his infant daughter, new-born, in intensive care, her life in the balance, declaring as poets must ...
The shock closure of Bauer NZ – and with it all of the country’s current affairs magazines – is a stark reminder of the fragile state of local media, writes Mel Bunce, the author of a book on the subject.It is a dark week for journalism in New Zealand, with ...
Join Leonie Hayden as she works through the first four weeks of Scotty Morrison’s Māori Made Easy.Rāmere/FridayWe made it to the end of week one e te whānau. It wasn’t that hard! In fact it was… Māori made easy.To end our week of pronunciation practice we’re going to revisit everything we ...
India faces more challenges battling Covid-19 than any other country in the world. With 1.3 billion inhabitants, hundreds of different languages spoken, and an estimated 80% of the workforce daily wage earners currently without jobs, it could be a recipe for disaster.I’ve been living in India for more than three ...
By Sri Krishnamurthi of Pacific Media Watch The Vanuatu government is using the Covid-19 to impose draconian measures and authoritarian rule by end of last month. Wholesale censorship of all Covid-19 related content has been instituted. Office of the Government Chief Information Officer (OGCIO) took the extraordinary step to ...
People with lower credit scores increased their borrowing upon news of the lockdown, while those with higher scores dropped away. March data from the credit-reporting agency Centrix, which runs credit checks on behalf of banks, finance companies, online lenders, and buy now pay later schemes, showed credit inquiries dropped sharply ...
Small business owners say commercial rent relief is desperately needed if they are to survive past the Covid-19 disruptions. While the wage subsidy helped with staff costs, there is currently no government assistance for commercial rent - which typically accounts for 40 percent of a firm's fixed costs. Landlords and ...
SkyCity is making 200 staff redundant as part of cost cutting because of the Covid-19 virus. The casino operator said it had no choice but to cut the size of the workforce given that once business resumes it will be at much reduced level. Chief executive Graeme Stephens said it's ...
Source: The Conversation (Au and NZ) – By Andrew Glikson, Earth and paleo-climate scientist, Australian National University At several points in the history of our planet, increasing amounts of carbon dioxide in the atmosphere have caused extreme global warming, prompting the majority of species on Earth to die out. In ...
Editor’s Note: Here below is a list of the main issues currently under discussion in New Zealand and links to media coverage.New Zealand Parliament Buildings, Wellington, New Zealand. Today’s contentMedia Henry Cooke (Stuff): There’s no easy way for Government to save media drowning. But a fast fix is ...
Just after midday a cyclist was killed on a straight road on a clear day, after being hit by a van in North Canterbury. Lucinda Rees from NZ School Speeds is asking for the mandatory cyclist/vulnerable road user passing gap, which is in consultation, ...
By Indra Singh in Suva Prime Minister Voreqe Bainimarama says that if Fijians continue to disregard the Covid-19 coronavirus pandemic directives from authorities, a nationwide 24-hour curfew could be imposed. His comments come as Fiji yesterday recorded its two latest coronavirus cases, taking the total to seven. Bainimarama said ...
In our new series The Lockdown Letters, some of New Zealand’s best writers tell us what they’ve been up to in the days of Covid-19 alert level four. Today, Ōtaki author Renée.Yes, a few cyclists out and about. I remember my first bike bought from Farmers around 1942, five shillings a ...
Internal memos from NZ’s biggest magazine company, which announced its sudden closure yesterday, state they were lobbying to change a ban on publication. But the minister responsible, Kris Faafoi, has doubled down on rejecting that position, calling those internal communications ‘contradictory’ to what they said to him directly.Magazine publishing giant ...
Up to 100,000 foreigners could be seeking to leave the country in coming weeks, now the Government has relaxed domestic travel restrictions for them. ...
The loss of a loved one can be difficult in the best of times. But it’s even more painful when the planes are grounded.Late on Saturday night, three days into New Zealand’s level four lockdown, Harish got a call from his sister in India telling him that his father had ...
Health Minister David Clark has flouted the Government's advice to exercise locally after confirming he drove to a park to go mountain biking on Thursday. ...
Covid-19 cases top 1m; Trump brags he's #1 on Facebook and says he knows about the virus because a 'friend' got it; UK testing scandal grows; Cats more vulnerable to virus than dogsTicking up to a million cases: A gruesome landmark was passed today when we go over one million ...
“So do not fear, I am with you; do not be dismayed, for I am your God. I will strengthen you and help you; I will uphold you with my righteous right hand” Isaiah 41:10 COVID-19 - Lock down: one week on Welcome to the latest Policy Watch ...
Workers at the Port of Lyttelton are resisting the introduction of casual cargo handlers due to concerns about COVID19. RMTU South Island Organizer John Kerr says there is concern about a Lyttelton Port Company (LPC) proposal to "bring in ...
Source: The Conversation (Au and NZ) – By Paul Strangio, Associate Professor of Politics, Monash University One of Australia’s preeminent historians, Stuart Macintyre, once observed of John Curtin, the Labor Party leader revered for navigating this nation through the dangers of the second world war, that he would have ...
Source: The Conversation (Au and NZ) – By Geoff Hanmer, Adjunct Professor of Architecture, University of Adelaide New research the New England Journal of Medicine suggests that SARS CoV 2, which causes the disease known as COVID-19 coronavirus, is more stable on plastic and stainless steel than on cardboard or ...
Source: The Conversation (Au and NZ) – By Richard Holden, Professor of Economics, UNSW The Australian government’s JobKeeper wage subsidy, estimated to cost A$130 billion, is a crucial measure to help keep the economy from completely cratering. But, even if COVID-19 is sufficiently under control for the economy to return ...
Source: The Conversation (Au and NZ) – By Gordon Menzies, Associate Professor of Economics, University of Technology Sydney During this pandemic, our twin health and economic crises require two different types of concern, and they operate differently. For the health crisis, a high level of concern is necessary. Saving lives ...
Source: The Conversation (Au and NZ) – By Harriette Richards, University of Melbourne Times of instability and crisis produce increased nostalgia for the past. We long for a time that no longer exists, or never existed. Like melancholy, nostalgia is a sentiment of loss – one that’s particularly familiar to ...
RBNZ bans bank dividends; Who is next after Bauer's shock closure? Vital plan blocked; Commission wins in real estate price fixing case; Softbank walks out WeWorkNo you won’t: The Reserve Bank took the unprecedented step of prohibiting the banks from paying dividends during the coronavirus crisis or redeeming any ...
Good morning, and welcome to The Bulletin. In today’s edition: Media reels after horror week, Wellington Council facing massive budget crunch, and highest single day of new Covid-19 cases.It had always been clear that this was going to be a difficult time for the media, with the Covid-19 downturn hitting ...
Former National Finance Ministers Steven Joyce and Bill English question the severity of the Covid-19 lockdown and ask whether the Government has an exit strategy. Andrew Patterson reports. Steven Joyce and Bill English have seen their fair share of financial crises and natural disasters as the last National Government's finance ...
There is no sign the government will tighten quarantine controls for those arriving at the border, in response to calls from the Opposition to quarantine and test everyone. ...
Two new cases of Covid-19 have been identified in Fiji, prompting a lockdown of its capital. Teuila Fuatai reports. Fijian health authorities are scrambling to identify close contacts of its latest two Covid-19 cases. The couple, from Nabua, Suva, appear unrelated to the country’s previous five. Prime Minister Voreqe Bainimarama ...
Christchurch is a city of contrasts, as some stretch their legs with smiles and others with suspicion. David Williams reports It was no surprise it happened in Christchurch’s student quarter. The smiles of those standing at their gates in Ilam Road broadened as a baby kayak strapped to a skateboard ...
For all The Spinoff’s latest coverage of Covid-19 see here. Read Siouxsie Wiles’s work here. New Zealand is currently in alert level four. The country is shut down, apart from essential services. For updated official government advice, see here.The Spinoff’s coverage of the Covid-19 outbreak is funded by The Spinoff Members. To support this work, join The ...
How long does it take to recover, how do you know you’ve recovered and can you catch Covid-19 twice? If you’ve had Covid-19 when are you officially recovered? Turns out there’s no test in New Zealand. It's judged by time of onset and last symptoms. How do I tick the ...
The first thing to note about the partying Queenstown backpackers is these acts of youthful rebellion are not an isolated phenomenon. As I write this on April 1, The Guardian is reporting on a group of people in their 20s who took the opportunity to celebrate Spring Break in the ...
Every Friday of lockdown, LockerRoom will share posts from Kiwi sportswomen who've caught our eye with novel ways of keeping on top of their game at home. This week we have Black Ferns making their own training equipment, a Kiwi professional cyclist virtually racing against riders around the world, and ANZ Premiership netballers calling their ...
Steve Braunias pays tribute to the Listener, closed yesterday in the wake of Covid-19's devastation of the economy. This piece to mark the end of the Listener is exactly how I started writing for the Listener: late at night, with instant coffee, in a state of shock. The shock then ...
Suzanne McFadden speaks to two Kiwi 'bubbles' who have unanticipated - but serendipitous - housemates. Sue Bremner has found a silver lining to the brooding cloud of lockdown – it’s meant getting to know the sister who never knew she existed for almost 65 years. Englishwoman Bremner has found herself holed ...
Open mike 21/01/2016 
Open mike is your post.
We must root out the traitors among us! ...4 hours ago
In order to meet our 2050 carbon target and do our bit to avoid making the Earth uninhabitable, New Zealand needs to decarbonise our economy, replacing fossil fuels with electricity in the energy, industrial and transport sectors. The good news is that it will mean cheaper power for all of ...11 hours ago
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If things are as bad for the residential landlord class as claims Andrew King, chief executive of the New Zealand Property Investors Federation – in Auckland $250 plus down EVERY week of the year – one wonders that anyone risks their financial future by becoming one.
I mean these are meant to be canny lads and lasses right into the Brighter Future a la their idol Mr Gauche. Altruism usually takes the back burner when doom is in the offing so there’s obviously an upside which King is fully aware of but dishonestly withholds.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11575770
Will someone who knows ‘stuff’ comment here please. Maybe many already have given King’s bleat is dated 18/1/16.
+1. Greed & dishonesty.
the property is not bought as a rental. It is bought as a speculation object, and in the mean time is rented. It does actually not matter if it covers the mortgage or not.
And why should rent cover mortgage, considering that the ‘rental’ will bring in money of many many decades.
One of the houses that sold in my street was rented to one lady and her kids for over 20 years. She never managed to save enough to buy a house (min wage, no extra income, etc) she did make enough to spend over 300.000 $ in rent during the time she lived there. In that time nothing was done to the interior, which is the reason the house in the end sold for 200.000 $ less than the next house which was build at the same time and got renovated before sales. $ 690.000 unrenovated – build in the 1980 vs 890.000 renovated – build at the same time.
So if you consider that maybe the houses/land in westie land would have been about 100.000 initially, one could say that the property owner (well the son who inherited it) made a good profit on it. Did the rent initially cover the mortgage, probably not. Did the rent cover the mortgage and then some in the end. Yes it did
So Andrew King, chief executive of the New Zealand Property Investors Federation IS dishonest. And possessed by a nasty sense of entitlement. Thought as much.
King wouldn’t also be an ACToid, or would he ? This is why I ask – from the article – King, (complainingly) – “Insulation in rental properties is to be compulsory……” – wait for it – “……. whether the tenant wants it or not.”
Ah……that fine old piece of ACToid delusion……”choice”. It’s way preferable to avoidance of ill health, any fool can see that. Besides…..all their tenants tell them so. http://www.ehinz.ac.nz/indicators/indoor-environment/health-conditions-related-to-cold-and-damp-houses/
It is not that he is dishonest, he is just very flexible with the truth.
If I buy a rental today as an investment, and want to hold on to it throughout my retirment an maybe leave it in the family then clearly it is a ‘rental’. If i buy a rental today with the intention to rent it until the market has provided enough incentive to sell it, then it is an object of speculation, which is what we are currently seeing.
the rental object will be in my family for 30 – 50 – 150 years maybe (consider that in europe many of the old houses are still in the hands of the same families, have been modified to accommodate more people, renovated, upgraded etc). Now initially the rent will not cover monthly or weekly mortgage payment, but at some stage the mortgage is paid and the rent becomes income and gain.
Consider also that lets say a mortgage of $ 600 per week might be the honest price for a property. But would $ 750 be an honest rental price for the same property? (and yes i added $ 150 to cover costs of admin, rates, n leaky roof)? Depends, what stage is the house in? How old is the carpet, fixings n trimmings?
So you see the mortgage of 600 is fine, after all one gets a property n stuff – an investment that even might be worth double or triple in the future, but the maximum rent for the same property due to its state might only be worth $ 360, and voila the rent does not cover the mortgage.
So at best the good man is paid to be a misleading shill and won’t somebody please think of the poor and misunderstood property owners and their staff in the the property industry.
Shoot, what’s the world coming to when you can’t even trust a real estate agent’s spin doctor? 👿
It’s not hard to pull apart his argument.
IMO the big lie is the sly insinuation they paid latest price for their properties, they always talk about the costs of a house bought at the current price. In truth they largely charge today’s rents for yesterday’s houses, their own costs are much less than they infer.
He’s sure got some chutzpah. Whining about his business not being allowed to claim depreciation while he pays no tax on his property’s massive appreciation. Life is so unfair isn’t it, poor guy.
His whine about depreciation is easily fixed … Allow depreciation BUT then tax all capital gains, and the depreciation that was claimed on sale will be recovered so it is only a timing matter. Sure the property owner gets some small tax relief but pays this back, and the govt books benefit from all capital gains achieved.
I wish Andrew King was correct in saying “Andrew King: Rental prices in NZ are actually quite reasonable” If they were and kiwis were paid a reasonable wage then there would be no necessity for an Accommodation Supplement. As in 2011 we were paying out $1.2b, take this away then the rental market has $1.2b less to spend on accommodation and rentals should fall. Unfortunately the world does not operate under “market driven basis”, 🙁
http://www.interest.co.nz/property/60426/govt-reviewing-accommodation-supplement-rent-subsidy-housing-minister-heatley-says
This is interesting on Hillary Clinton’s adviser Sidney Blumenthal and France’s real reasons for supporting the invasion of Libya.
https://www.rt.com/shows/keiser-report/329404-episode-max-keiser-864/
“In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss what the price of sardines teaches us about disintermediation. They also discuss the strange email from Sidney Blumenthal to Hillary Clinton about the real reason for France’s invasion of Libya. In the second half, Max continues his interview with Reggie Middleton about Pathogenic Finance: The autonomous, anti-fragile, trustless paradigm shift transforming banking, brokerage, securities and insurance.
That segment on Pathogenic Finance with Reggie Middleton is brilliant . That’s a game changer that would do to the financial sector what peer-to-peer file sharing did to the music and film industries. I can see the full force of Wall Street pushing back on that idea.
With the proposed signing of the TPP looming, there seems to be more people interested in e accessing information about it. I recommend the following link
https://tpplegal.wordpress.com
As well as expert analysis on 3 papers, there are excellent articles in the commentary section.
Thanks for those links and the Tiriti one in the other thread.
Kia ora TMM
This is another on Māori and TPP – you may already have put it up
http://www.scoop.co.nz/stories/PO1601/S00106/expert-paper-on-tppa-treaty-of-waitangi.htm
+1 TMM
Good article
The TPP Hands Control Over Trade To The World’s Wealthiest
http://www.huffingtonpost.ca/sujata-dey/the-transplutocratic-agre_b_9009970.html
Japanese group sues to stop TPP talks
http://www.capitalpress.com/Nation_World/Nation/20150904/japanese-group-sues-to-stop-tpp-talks
Do you know if anything happened in Japan regarding the last story?
I notice that it is dated 4 September 2015 and that all the comments are from about four months ago.
Might be of interest to some people here, a sexual harassment shitstorm unravelling in the american indie music world, http://jezebel.com/how-women-on-twitter-brought-down-a-music-publicist-acc-1753964374
That is a very interesting write up, thanks. It’s a good example of why non-rapist men need to step up and end rape culture. Women are doing what they can, and some men, but if the only way that that situation with the publicist could be dealt with was via twitter there is something very wrong (not that that’s news). I’m very glad that those women used twitter in this way, and I’m disgusted that they had to and that the people in the culture they live and work within are all pretty much ignoring and/or supporting rape culture.
And in standing up be prepared for paying the same price that women do who speak up – or who turn down such advances.
Threats of dismissal, overlooked for promotion, spoken about behind your back, and so on and so on.
Having been through this quite a few times it’s an interesting experience to be sure.
Wouldn’t never not do it though.
Living with yourself is in my view much much better than living with the abusers.
+1
I liked this from Chris Trotters Bowalley Road article.
http://bowalleyroad.blogspot.co.nz/2016/01/not-by-bread-and-butter-alone-making.html
Very profound and true. I often wonder why people become super competitive – that is, to the extent that they just HAVE to be better/outdo the next man/woman. we’re constantly told that should be what drives us.
I used to wonder about that amongst musicians (guitarists for example who strove and claim to be better than say Clapton, rather than simply trying to improve themselves; or dealing room wideboys competing to outdo their colleagues). That seems to be simply an exercise in stroking ones own ego.
We’re constantly told the competitive spirit and ambition = good. I’ve seen some pretty devastated people with those attributes when a bit of shit hits the fan – as in they totally can’t cope and spend their days beating themselves up.
I guess we might be in for quite a few people jumping out of Wall Street windows in the not too distant
Competition in the right place can be a good spur. I wouldn’t mind at all if NZ pollies aimed to keep us up with the other countries with innovative, future thinking measures say about the environment, or to bring recidivism from crims down etc.
Not aim for the top, just achievable ashperashuns. But no. Lazy Maysie and Co. are off on holiday.
Love it! 100%.
yep, however I’m not sure they need to ‘compete’ necessarily, but just like the 4th Estate ….. they just need to do their fucking jobs and act with a bit of principle and a few ethics.
“…we might be in for quite a few people jumping out of Wall Street windows…”
They’ve been doing that for a while now…
http://www.valuewalk.com/2015/01/bankers-suicide-conspiracy/
Listen both National and Labour while they tell us that we can’t do what’s needed to make our society better. It’s all about keeping us in a very narrow mindset of profit for the rich.
We have, over the last thirty years, allowed ourselves to be straight-jacketed into being what the oligarchs want us to be.
For the political tragics:
http://www.theguardian.com/politics/2016/jan/20/lynton-crosby-and-dead-cat-won-election-conservatives-labour-intellectually-lazy
lol
Tory whose campaign strategy revolves around “brevity, relentlessness, focus on and leverage of public preconceptions” suggests that Labour should have done more policy debating and public confessionals. Cheers for the advice, Lynton…
something we are likely to hear more about this year…particularly now JC has a platform back…a brief overview of the real recovery
https://dl.dropboxusercontent.com/u/125997072/Article%20North%20%20South%20Nov%202015.pdf
Bernie at the 4th Democratic debate.
Assuming O’Sullivan’s correct about the SkyCity venue ……. would say it all really. And tacky tacky tacky ! Let’s pray the sounds won’t be down to New Camelot Max.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11577333
we live in intersting times.
I was told by a friend that the signing in AKL is only for the press. The official signing with dignitaries n such could be at a more formal site. Signing of the TPPa at Waitangi anyone? lol….interesting times.
A report by the Sustainability Council shows that under the TPPA, the Investors will be able to sue governments especially in matters relating to the environment.
http://www.newstalkzb.co.nz/news/politics/confirmed-investors-can-sue-govt-under-tppa/
#FlushTheTPPA
Weldon has canned 3 News. Oh dear.
Explain please.
TV3 news has been canned.
It’s now a current affairs thing called newshub. Last throw of the dice by media works before removing news and analysis althogether.
I think it was Paxman I heard say, “An informed society is a healthy society”. Weldon’s vision for NZ society seems to be going in the opposite direction, unsurprisingly.
Mark Weldon ex nz stock exchange resigned mid 2012 and a year or so later went to channel 3 and has been showing how it can make more money in any way it can.
http://www.stuff.co.nz/business/industries/67676498/Mark-Weldon-MediaWorks-man-of-the-moment
He left the NZ Stock Exchange :
http://www.stuff.co.nz/dominion-post/news/5741679/Mark-Weldon-to-leave-NZX
His career parallels that of John Key, though Weldon has specialised in law and business mergers and acquisitions.
He took up various other things, and then went to TV3
http://www.nbr.co.nz/article/diligent-nabs-weldon-board-role-wb-118726
Oh but better and bigger Muttonbird. Now TV3 Newshub at 6pm.
“The service will provide the latest news and in-depth analysis, with a dedicated, state-of-the-art app and website and TV and radio news bulletins across MediaWorks’ channels – as well as fuelling news content across other programmes such asPaul Henry.”
So a reverse of Checkpoint on RNZ – or something?
TV3 News flash to our great Newshub media team –
Let’s all join hands and play American Whispers along the chain (not Chinese now they are our friends) which will ensure stories go across all Mediawork channels. Sometimes we’ll start the story at one end and it will finish up with Paul Henry, and sometimes the other way round.
We will add to our reports spice, verve, topicality, tons of amusing opinion, and plenty of room for surmise and prophetic announcements. All participants will bear their own slander legal fees, and compulsory insurance should be entered into pronto
So before anything too controversial or about serial litigants, check with the legal team.
/sarc edited
dontcha just lerv the lingo – there goes the Mark of a total bullshit artist. A Key player in the new media vironmint (going forwid)
Ekshully, there’s been a series on the National Geographic Channel (such as that travesty to the name is – it’s founders are busy rolling in their graves) looking at the 80’s, then the 90’s,and now the 00’s.
It’d be interesting to look back on this decade from the future – it won’t be pretty.
Mark and Joolie (all kitted out with stetson). It’ll look something like the Class of 87.
Euthanasia.
Interesting discussion on Pundit. Especially the refuting by Andrew Geddis, of misleading stats used by the writer Matthew Jansen.
http://www.pundit.co.nz/content/assisted-suicide-is-not-a-progressive-issue
And a sad article by Hugh Thorpe and his dilemma over his wife Rhona’s dementia in relation to the case for euthanasia.
http://www.pundit.co.nz/content/euthanasia-my-personal-opinion
The Roger ‘Peoples Choice’ Award
Have a look – all of the world’s money markets in one visualisation, it’s staggering:
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
To help us comprehend the massive numbers (billions, trillions, quadrillions), this 5-minute video ‘How much is a trillion dollars’ is useful:
http://www.peakprosperity.com/video/85844/playlist/92161/crash-course-chapter-12-how-much-trillion
stick a match to it CV – better to do it now than later. It’s all paper anyway…..and total crapola. There are better uses for paper – like things more meaningful to societies.
why put people through constructs (such as ‘austerity’) when in the end the inevitable will happen?
I ‘spose its because it makes money (as opposed to ‘currency’).
Roll on the crash I say – the sooner the better!
Dizzy times ahead for bottled ‘100% Pure NZ’ water.
http://www.stuff.co.nz/business/76117504/hawkes-bay-companys-first-shipment-of-drinking-water-rejected-by-china
China doesn’t like too much nitrite in it’s water…can’t think why.
“”To class water as ‘spring or artesian’ for the New Zealand market the maximum level of the naturally occurring nitrite is 0.2mg/L while the Chinese maximum level is 0.005mg/L. Unfortunately the levels of nitrite were higher than the Chinese standard hence the product was returned,” she said.
Roderick Brodie, University of Auckland marketing professor, said the Chinese requirements were stringent.
But he said the concern was that a rejection on the basis of nitrite could be read as being linked to excessive use of fertiliser.
“The Hawke’s Bay bottling company needs to come out with a very strong press release to counter this, so that we don’t have anyone saying we’re not a clean and green country.”
He said Fertiliser might not have anything to do with it, but that was the risk that was run.”
Picky beggars those Chinese…what’s a bit of nitrite between friends?
Who owns New Zealand’s water?
http://www.3news.co.nz/tvshows/campbelllive/who-owns-new-zealands-water-2015041518#axzz3xrFYeoaP
“Less than one per cent of the wealth created since 2000 has gone to the poorest 50 per cent of the world’s population, new research has revealed.”
http://www.independent.co.uk/news/world/politics/rich-have-only-got-richer-since-2000-davos-a6823281.html
“‘Dumping ground’ fears over paying state house applicants to leave Auckland”
http://www.stuff.co.nz/national/politics/76099297/dumping-ground-fears-over-paying-state-house-applicants-to-leave-auckland
So this is what effing Bennett has spent her holiday cooking up. Regional centres have enough on their plates without having to deal with her relocated Aucklanders.
Pricks are still at it.
.
Brianna Wu
@Spacekatgal
The morning, my college reached out to me. Gamergate has been impersonating me attempting to get copies of my college transcripts to release
Brianna Wu @Spacekatgal Jan 19
It’s been a harassment shit show like this for several weeks. As @JessicaValenti said, Gamergate didn’t end, we just forgot about it.
https://twitter.com/Spacekatgal/status/689552337417965569