<<<Your recommendation now seems a bit late>>
... oh, come now, Maurice, that is neither true nor fair, because:>
Sorry Jay, I meant it's now a bit late to follow your recommendation in the case of the Kiwi$, which I do remember was given 3 years ago. Not that your recommendation is late. A 75% drop is a pretty hefty discount.
But, maybe, on the other hand, 6 billion people want to live in NZ and supply and demand means the Kiwi$ has got a longgg way to go. Maybe growing sheep, cows and showing tourists the Southern Alps is a passe way to earn a living and selling a life worth living is the business NZ can do best. The ultimate gated community, with a moat 1000s of kilometres wide. A lot of people from Beijing would like to live here.
I have advocated listing NZ citizenship on the stock market, which would have a salutary effect on politicians thinking of enacting stupid laws. Voters would tell them what they think if the value of their citizenship dropped on the news. The old serfdom approach to citizenship, or proletarian masses beholden to the politburo, or forelock tugging subjects kneeling before the Queen, is out of date. Commodity markets, futures, derivatives and the like are the way to handle citizenship.
Meanwhile, thanks for your views on owning a non-resaleable apartment. A bit of concrete in the Beijing skyline and a dodgy legal system is problematic, I can see. Rents are pretty good though.
If as you say, the rembi measuring stick is shriveled along with the dollar as megabillions are pixelated, then the length of the things measured will apparently double. $100,000 of apartment will become $200,000, or $1000 rent a month will become $2000. It's just that good old inflation stuff which was so much fun three decades ago. Holding cash while it's diluted like crazy is not a good idea.
Mqurice |
