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Open mike 15/02/2021


Owning a home provides security that no amount of rental law cannot.
The trouble is that house prices do not reflect the cost of owning a home. They reflect the cost of the expected medium-term capital gains (post bright-line). It wasn t a problem when they reflected the expected gains upon retirement and downsizing, but now who honestly expects to be in that house for thirty years? Or do they
expect to flip it in ten years or so?
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Agree with the security bit. I ve seen the pro s and cons of home ownership debated at length in New Zealand literature. They re pretty even. ....

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Government forks out $40m to kiwifruit industry after disease blunder



Source: 
1 NEWS
After more than a decade of fighting to hold the Government responsible for the devastating kiwifruit vine disease Psa-V, growers have settled out of court to the tune of $40 million. 
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The claim was headed to the Supreme Court on Monday but has now been abandoned.
Source: 1 NEWS
The kiwifruit claim was due to head for the Supreme Court on Monday, but was abandoned after the $40 million settlement from the Government. Strathboss Kiwifruit Limited, representing a number of kiwifruit growers, had brought a claim for $450 million plus interest.
The sum includes a contribution of $15 million from the Crown s insurers.  ....

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