Shame government didn't have to balls to tackle the property market 3 years ago.
As a property investor, I can't complain too much about this latest property
boom, it's certainly done great things for my net worth. But I certainly feel
sorry for first home buyers who now need to pay $300k, and floating interest
rates at around 10%, simple math says that they need to come up with $30k a
year just to pay the interest, let alone any principal.
But I wouldn't be complaining if house prices were still cheap - I'd be able to
afford to buy more.
Alister Christie
Computers for People
Ph: 04 471 1849 Fax: 04 471 1266
http://www.salespartner.co.nz
PO Box 13085
Johnsonville
Wellington
Phil Scadden wrote:
And inflation is a BAD thing. The problem for government is how to reduce
consumer spending. OCR is very crude tool but other measures (limit
overseas investment, capital gains tax, etc are dubious and very hard to
parlimentary support for). Kiwisaver MIGHT reduce expenditure but I'll bet
sharemarket soars as fundmanagers desparately try to find places to invest
will in turn put more pressure on dollar. Shame government didn't have to
balls to tackle the property market 3 years ago.
----------------------------------------------------------
Phil Scadden, GNS Science Ltd
764 Cumberland St, Private Bag 1930, Dunedin, New Zealand
Ph +64 3 4799663, fax +64 3 477 5232
_______________________________________________
NZ Borland Developers Group Offtopic mailing list
Post: Offtopic@delphi.org.nz
Admin: http://delphi.org.nz/mailman/listinfo/offtopic
Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
_______________________________________________
NZ Borland Developers Group Offtopic mailing list
Post: Offtopic@delphi.org.nz
Admin: http://delphi.org.nz/mailman/listinfo/offtopic
Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
