Hi Pat. I think that ChCh is a bad example. Since the earthquake the city has spread out hugely to the west, north west and south west. In the east of course, which has historically been lower cost housing, its just one huge barren landscape in many areas. The whole market is totally distorted.
The new dwellings are all of a certain type. Flashy, expensive and not really good rental material. So, I would strongly disagree that supply has increased
in the rental market.
Agree with you re excess liquidity, along with interest rates sub 3% and the wrong incentives (lack of Capital Gains Tax).
Bloody annoying behaviour from Vector yesterday. Caused the site to be off for most of the day and evening.
We d been informed earlier in the month of a power shutdown from 8am to 10 am. That is on the limits of my UPS. I just organised to be home during the morning. The UPS ran until about 1013.
By which time, I was asking about why it was taking so long. The workers then told me that the power would be off until sometime around 4pm.
Unfortunately the system shutdown hard, because of problem in the UPS configuration. I had to repair the partition tables of the two drives that are the current TS system.
And if the new owner wants to live in it ….
aj …
Essentially over the past 20yrs we ve actually had to put money
into the business to keep it afloat, and our tenants in their homes. We re now in the position of having shitloads of equity, but
crap cash flow, and because I m close to retiring that isn t something I can sustain anymore.
The trouble with this is that I ve heard this description from not only landlords but farmers as well, except farmers don t like to flaunt their equity in public.
The total values of assets that can be realised is the figure that most people will focus on. If you have $10M in equity but moan your a e off about pitiful cashflow, then you generally won t get a lot of sympathy.
Budget 2021 will be delivered on Thursday 20 May, Finance Minister Grant Robertson announced today. “My focus continues to be on making sure spending is targeted at the areas and people that need it the most. “We will manage the books carefully including ensuring we are getting value for money .
5 days ago
Morena ki a tatau, Tena tatau i nga kaupapa hauora, E tuitui nei i a tatau i tēnei ata, Ka nui te mihi ki a koutou katoa. When we were re-elected with a clear mandate for change, our Government made three promises: To keep New Zealanders safe from COVID-19 To .
Nice to see Biden continuing the Trump tradition of outright lying about covid… Biden’s response to a mother attending with her eight-year-old daughter, who asked Biden when her children who “often ask if they will catch COVID, and if they do, will they die” would be vaccinated.
“First of all, kids don’t get … COVID very often, it’s unusual for that to happen,” Biden told the little girl. “Number two, you’re not likely to be able to be exposed to something and spread it to mommy and daddy, and it’s not likely mommy and daddy are able to spread it to you.”