20% deposit needed to buy a house from oct
#466
Forum Regular
Joined: Jul 2012
Posts: 98
Re: 20% deposit needed to buy a house from oct
The only way is up. I can't see anything changing, it's the new normal.
NZ house prices up: Check your region - Business - NZ Herald News
NZ house prices up: Check your region - Business - NZ Herald News
#467
Forum Regular
Joined: Jul 2016
Posts: 62
Re: 20% deposit needed to buy a house from oct
The only way is up. I can't see anything changing, it's the new normal.
NZ house prices up: Check your region - Business - NZ Herald News
NZ house prices up: Check your region - Business - NZ Herald News
#469
Forum Regular
Joined: Jul 2012
Posts: 98
Re: 20% deposit needed to buy a house from oct
#470
Re: 20% deposit needed to buy a house from oct
Aye, neoliberalism: the only difference between the haves and have-nots is the inability of the have-nots to work as hard and make the right choices of the haves.
#471
BE Enthusiast
Joined: Nov 2013
Posts: 450
Re: 20% deposit needed to buy a house from oct
I think the most likely threat to the market comes from Australia. I feel that if the Aussie market crashes, and the noises from there seem ominous, it will set things in motion for us too. Although the noises have seemed ominous for a number of years.
#472
Forum Regular
Joined: Jul 2012
Posts: 98
Re: 20% deposit needed to buy a house from oct
Cannae win.
#473
Forum Regular
Joined: Jul 2016
Posts: 62
Re: 20% deposit needed to buy a house from oct
I'm happy to jump back on this thread 18 months from now and eat humble pie, but the signs indicate I won't need to
#475
BE Enthusiast
Joined: Jul 2011
Posts: 439
Re: 20% deposit needed to buy a house from oct
The dice are not in your favour if you are part of the 99%.
The trickle-down is really the trickle-up, so get real.
Michael Hudson describes it as parasites taking over the host.
https://www.amazon.com/Killing-Host-.../dp/3981484282
The trickle-down is really the trickle-up, so get real.
Michael Hudson describes it as parasites taking over the host.
https://www.amazon.com/Killing-Host-.../dp/3981484282
#476
Forum Regular
Joined: Jul 2016
Posts: 62
Re: 20% deposit needed to buy a house from oct
The dice are not in your favour if you are part of the 99%.
The trickle-down is really the trickle-up, so get real.
Michael Hudson describes it as parasites taking over the host.
https://www.amazon.com/Killing-Host-.../dp/3981484282
The trickle-down is really the trickle-up, so get real.
Michael Hudson describes it as parasites taking over the host.
https://www.amazon.com/Killing-Host-.../dp/3981484282
#477
Re: 20% deposit needed to buy a house from oct
The reserve bank has made an official request for debt to income limits. At this point I doubt this will be approves or even discussed further before the next election.
#478
BE Enthusiast
Joined: Jul 2011
Posts: 439
Re: 20% deposit needed to buy a house from oct
The booming housing market has been highly profitable for banks, and JK is most likely getting his share of this.
It's one reason National are encouraging high immigration even though this hugely disadvantages millennials from ever owning a house.
Speaking of millennials: a simple introduction to reality:
"The Millennials' Money"
#479
Re: 20% deposit needed to buy a house from oct
RBNZ to forecast future OCR changes. This should be good, the US Federal Reserve has got their forecasting wrong frequently by being over-optimistic. The economists game now will change from guessing the OCR to second guessing the OCR.
#480
BE Enthusiast
Joined: Jun 2003
Location: North Shore, Auckland
Posts: 688
Re: 20% deposit needed to buy a house from oct
I have no idea what neoliberalism is; but isn't the rest of your sentence describing something called life?