Ashley Church on the Future of Property Investments in New Zealand

Yeee fuck the first home buyers at least we have our houses aye 3 billion to us for tax cuts 🎉🎉🎉 🥳🥳🥳

Nah, we just would rather pay a house off for ourselves than pay it off for some investor.

AC is only making his calculation's as if the same policies will allow the standard BOOM, BUST, then BOOM cycle. If the new policies are allowed to succeed, this will not happen. Prices will settle at whatever they fall to, and then remain stable from that point, only rising to meet inflation, i.e. no speculative gain. As prices fall, your yield is improved, your income goes further, so it easier to meet DTI etc.

If the government wants to help first home owners all they have to do is guarantee the deposit, as long as they meet the banks lending criteria. It is shown that people will fight tooth and nail to protect the family home so the chances of the government losing the deposit is very low as even if a mortgagee sale occurs they have a high probability of getting it back after the sale.

Fuck your censorship

Match new house builds with visas and watch it collapse.

Sometimes you are helping fhb by not letting them buy. In a year or two many will be thankful they didnt buy

If the numbers add up and the bank says yes, all those approved will have an address!
If numbers are short and the bank says no, all those declined must find some more dough.

An honest and accurate advertising slogan for bank lending would be, SHOW ME THE MONEY!

He's got no idea

NZ citizen's USED to be able to receive their "OWN MONEY" fixed at 3% for THIRTY YEARS ,straight from THEIR GOVT'S ,but the evil RODGER DOUGLAS as a front man for NEO-LIBERALISM killed that DEAD, now NZer's MONEY GOES to OVERSEAS AUSTRALIAN BANKS to "help" THEM suck NZer's away from them. Enjoy U R poverty Kiwi's .

ERRATTA:
@jaybill392
1 second ago
NZ citizen's USED to be able to receive their "OWN MONEY" fixed at 3% for THIRTY YEARS ,straight from THEIR GOVT'S ,but the evil RODGER DOUGLAS as a front man for NEO-LIBERALISM killed that DEAD, now NZer's MONEY GOES to OVERSEAS AUSTRALIAN BANKS to "help" THEM sucK NZer's WEALTH & MONEY away from them. Enjoy U R poverty Kiwi's .

Banks will only lend you an umbrella when the sun is shining, you are wearing gumboots, rain pants and raincoat and you swear to remain indoors and never go outside.....bugger you when it actually rains and you are caught outside.

Borrowing from the younger generations - this country is "so cooked"

The tax system is designed to make housing an investment portfolio/ making profit from real estate does not improve gdp .

Couple making a 150k buying a personel house is 6times an investor is 7x. But that thru a retail bank i.e BNZ, ANZ etc. Once you have over 3 rentals a retail bank wont touch you anyway. So you have to go to 2nd teir banks who are not controlled by DTI restrictions. Think what is going to happen to say Auckland with DTI retrictions and what will happen to regional towns wereby you can buy a house for 350k like Ashburton.

"ALL property markets return to mean without exception" John Kiyosaki-Rich dad poor dad author 30% of income is mean for property, average price in USA is $320,000, NZ and Australia have some of the highest multiples of average income for property. BUBBLE!

Do not buy rental property in NZ, it is overpriced and you will lose. Buy index funds via Hatch or one of the other share trading platforms, instead.

AC gives no reason why capital gains will continue. NZ no longer has a naturally growing pipulation, so any population growth is entirely dependent on net immigration. Interest rates have been on a long term decline for 40+ years and this trend is over. There has been a huge credit boom for the last 40 odd years, allowing people to borrow more and more. All three factors made property a one way bet for a whole generation. Now not so.

So if a property is bought for capital gains then its speculation and not a business for which we expect a positive earnings. The argument that property investing is a business and therefore a tax deduction on interest costs does not hold water. I'm an investor but I wish the industry would call a spade a spade. Church is simply the worst spriuker out there. He's a shocker

Neoliberal economics has caused the drop. Post 1991.