SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 476.10+2.5%Jan 27 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (16954)4/13/2007 6:26:14 AM
From: Maurice Winn  Read Replies (2) of 219833
 
TJ, NZ now at super duper high against yen, US$, with median house prices higher here than in Oz and USA. Being financial geniuses, we can do it with GDP per capita lower than Oz and a LOT lower than the USA and we don't even have to use our own money to do it. We borrow yen from Japanese housewives who see NZ$ uridashi interest rates top of the leader board. Debt per Kiwi has been soaring to world class records. Unemployment is at a 30 year low [though other welfare payments and numbers are well up so there is some swapping from one welfare roll to another.

It seems odd that a house in a hick town like Rangataua, albeit in a rapidly developing snow-fun area, can be worth 7 times what it was 4 years ago [priced in yen] when Japanese tourist numbers are dropping in part because of the high NZ$ vs yen compared with 5 or 6 years ago.

It's all very interesting. I would not want to bet that the Rangataua houses will double again in price or value.

Mqurice

PS: I will leave your typographical error and the non-error content alone. I'm more interested in the future than the past, which in all jurisdictions was more than gory enough for me to hide my eyes. There is more than enough coming down the pike from the future to keep us busy, without also sorting out the past of a few generations ago.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News