2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 464.70

+1.5%

Jan 26 4:00 PM EST

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To: TobagoJack who wrote (75585)	6/24/2011 3:59:55 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 219786

Indicative net yield for upper middle house in, say, Epsom, Auckland. Rent = about $700 per week for a $1.2 million house. Maybe $800 per week. = $35,000 per year realestate.co.nz aucklandcity.govt.nz [government valuations are low] Rates [council tax] = $2,000 per year Insurance, maintenance, dead-beat tenants, depreciation = something. So maybe $30,000 per year on $1,300,000 = 2% or maybe 3%. Interest rate at the bank = 4% [with government guarantee of that deposit]. Lots of people have mortgages at 7% or so so they are spending a LOT of money for something they can rent a lot cheaper than "owning". Mqurice

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