i feel for a lot of younger new Zealanders the nz govt sold new Zealanders out of there own birth country with overseas immigrants 15 years time new Zealand will have a immigrant prime minster from china or India

W guest

🚀Couldn't have said it better myself.;I hope you achieve all your professional goals and aspirations.

⭕Perfect!⚡&It’s wonderful to meet someone who values [shared interest] like you do!🎁💍🏀May your passion and expertise lead you to amazing career opportunities.

It may be that there is nothing of significance to stimulate the economy out of recession in 2025 and we have been in a per population or actual recession for two years or more. During a normal period of boom the government runs at a surplus. Then they go into deficit to stimulate the economy. however that was not the case during the last boom. The NZ government has structural deficit and this is a less than ideal thing for our future prosperity. Good on James for running a business providing housing, but the bottom line is that all this housing appears largely debt funded, creating a massive future liability and this cannot go on for ever as clearly everyone thinks. A 10% increase in house prices in 25 would result in a significant increase in private debt and might draw the economy out of recession but as debt is so high this would be a brief reprieve. The Keynesian Multiplier is a well documented phenomenon, proven economic theory and is evidence that the benefit would be fleeting and economically damaging in the medium term. The amount of private banking liability increased by 3.9% to the year ended in October 24 I believe just to maintain and I would hate to see how much further debt would be required to get 10%. To do this requires bank finance and lower interest rates for mortgages. That will mean lower rates for depositors and you may see some capital flight. Historically mortgage rates have been up around 7% and they need to stay around this to contain the inflation caused by the monetary largess during covid and the excesses of the banking sector. It is my opinion that the content in this video is sponsored and the participants have an agenda. They claim that there is no shortage of supply. Supply is severely restricted by the high cost of converting rural land into use and consents. For anyone to claim that the councils are providing cost effective supply to support a productive and efficient economy for both residential or commercial users is quite ludicrous. Using the term affordability crisis is just creating a smoke screen around the issue. You can't have a viable economy by competing for housing and accumulating 360 billion or 90% of GDP in private debt to pay for it. Or by having regulations that massively restrict the supply of land for housing and business. The reason that we are in recession is perhaps because we are so restricted by what we can do and the cost that we are wilting under this load. NZ has become used to a continuous supply of money being created by banks to fund mortgages via low interest rates and steady immigration to prop up the economy that we have forgotten that real wealth comes from productive enterprise. Not from a housing Ponzi scheme which has all of the wealth flowing to property owners with banking profits now at 7 billion annually. Unfortunately we have squandered our productive sector, abused it, regulated it and taxed it, as if can withstand anything and will always be there but unfortunately it is no longer sufficient for the government to run a surplus, pay off debt and not sufficient to even build hospitals. We must deregulate, free up the supply of land, breaking the councils crushing control and start the economy again from the ground up with numerous small businesses operating freely without harassment by regulation and high rents. The people who go out and generate real wealth are the ones who will save our economy and we must create an environment that they thrive as many countries do in the OECD. NZ has some of the lowest productivity growth in the OECD at around 0.3% per year. Elon Musk has used the term "strangulation by regulation" in relation to the grief he must put up with to run his business. A business that generates enormous wealth for his country. I would attest that New Zealand has been strangled by regulation some years ago and all we know how to 2025 is unknown and may bring a huge international correction with the S&P 500 at levels relative to inflation seen few times in history and housing at all time highs relative to wages. It is my hope to better inform Kiwis as to the situation we are in so they understand and demand change through the ballot box.

Merry Christmas David from all New Zealanders You're a Champion

Become prime minister, change the bright line test laws, then sell your properties and avoid paying hundreds of thousands in capital gains tax.

Latest news on manuka honey is David banfield, the fired comvita CEO, drove the business to the ground along with his boy toy andy chen 😂

Stopped watching at exactly @00:39

Can an Active management take a short position on say an index or ETF's etc...

Informative, thanks..

S&P 500 averages over 10% a year. If it falls next year, no worries, thanks for the discount. Always be buying and don’t make bad psychology moves.

Only God knows the future

2 potatoes on a podcast,,

lol

I used to charge around Ponsonby with my uncle & cousins renoing those villas bac in the early 70's... Unc's was the same principal buy low & win... He made alot of $$$

I found a property on a cross-lease in I think it was epsom a few months ago. It looked very attractive. 3 bed and similar pricing but a bit higher to your e.g. and vendors paid a lot for it 5-7 years earlier. Realisation hit when I investigated further and 2-3 years ago townhouse complex had been built 2 doors down, the townhouses were a lot cheaper for the same size, 3 bed etc and thats the answer to Akl housing and diminishing returns to property. I'd say it'll take a few years for prices to come out of the cave in Akl as incomes increase as proportion to 1m+ mortgages and overleveraged supply

I honestly hope you are correct however supply of properties is still very high and the economy is low…

Sounds like you’re selling a perfectly good house just to cover debt on six shitboxes. If you’ve truly made a million, why not sell and be debt-free on your rental house? Needing to sell your current property suggests you’re overleveraged.

Just HI here in Cambodia. Love what you said.

I agree that cheese is much cheaper in Auckland! Also, beer and wine. However, we found that many vegetables and fruits were pricier in Auckland, but perhaps it's because we only shopped at the big chain stores. (in Vancouver, we mostly stick with No Frills, Superstore, Walmart and Costco) I also agree that the public transportation in Auckland wasn't great, so we chose to rent a car during our vacation.

Just hope Queenstown doesnt turn into a NZ Hawaii where the locals are pushed out

If NZ gets an Aldis, it'll change the game fr

Great episode

New zealand is more expensive ! Believe me I lived in both countries !

Greed do not open up NZ to anymore wealthy foreigners so guys like you can clip the ticket its grossly unfair.🇳🇿Winston and NZ first will keep you in check.✊

Great to see the lads paving the way for other LGTBQ+ entrepreneurs x

Can thank the communist woke grandmaster Trudeau

AU

Black Friday sales are scams. They markup the normal price to "reduce it" and say it's a deal. All the big box stores do it.

Sorry, Michael, we might see a 25bps cut or a pause for now, but next year’s shaping up for a second wave of inflation and another rate hike cycle. The environment has completely shifted since the peak in bonds back in May 2020. We're looking at a bear market for bonds ahead 10-year government bonds need to retest 5%, and then it’s likely onward to 7%.

If it's 25 BPS, then expect a 50 BPS cut at the febuary announcement after disappointing summer spending data, if it's 50 BPS, expect a 25 BPS cut as the cutting starts to taper as we head towards neutral rates, either way there is going to be some significant cuts over the next few months.

I think RBNZ needs to drop one whole percento. People are being let go from jobs left right and centre, not to mention NZ's economy is going down the drain. They need to stimulate the economy? Let companies borrow money cheaper and improve the economy.

Where is James?

Inflation was caused by supply shutdowns. Now we're seeing local manufacturing under stress due to rates and demand, unemployment rising, jobs offers falling. Trump and EU tariffs potentially redirect excess supply from China to NZ. Orr can comfortably cut .5 but should consider .75 to get towards neutral rates ASAP.

New Zealand needs a Bitcoin Strategic Reserve Bill not a treaty principles bill.

I wanted to invest in Qtown 3 years ago James! Haha

In my experience. Kaipara council are very proficient at moving the goalposts at any time before during and After resource consent has been granted Totally inconsistent Have very high staff turnover. Who seek employment with Kaipara council get trained at the ratepayers expense and then quit and come back as a consultant !

Nz

I've just recorded a video on this same topic and came to the same conclusion as you. Property wins on capital gains, but you may have negative cashflow especially in the early days of the investment. Its hard to beat property as an investment due to the ability to leverage 😊

GIB is the biggest mafia in the world

Never ceases to amaze me only a few years later after Corvid when house prices went utterly nuts during a time of ZERO population growth, people still believe there is a "physical" housing shortage lol.

Saving themselves from ww3

Consistently brilliant content ty.

Great show guys thank you.

Good stuff.

Amazing info. Cheers boys

NZ

Nz

Talking out of his ass, he won't get shit done. Again.