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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (16988)	4/13/2007 2:00:59 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217930

<suggest you consider selling the abode. > It is debt free, so that reduces the risk. The level of debt on NZ houses is huge and has grown hugely over just a few years as Japanese have loaned NZers a LOT of money to enable the house owners to put the price of the houses up and up and up again. The repayments are taking greater and greater proportions of income. Interest rate rises or butterflies taking off would be sufficient to cause financial pandemonium and cascading triple waterfall black hole implosion. NZers are now employed making coffees for each other, and discussing property transactions, using Japanese borrowed money. Our son did have reasonable income from Japanese snow-boarders. Now, because we are so financially successful in NZ, with a very high NZ$/yen ratio, not so many are coming. Which reduces incomes just as incomes are needed to pay for the greatly increased debt. Meanwhile, people continue to move to Australia and elsewhere. The people who leave are not the ones who are sucking on the state tit, producing nothing except flatulence, climate change and a prison muster. There is record low unemployment as more and more people work for Helengrad, allocating the record taxes to friendly voters and to run the huge numbers of state employees. Any good government policy is "sustainable" and "recognizes Te Tiriti and the principles of Te Tiriti". Te Tiriti in english is The Treaty [Maori and Queen Victoria's deal = Queen is boss, runs the show, Maoris keep their land and stuff but can sell to the Queen. It's an absurd apartheid document which NZers are stupidly still trying to keep intact. Ironically, it's a good model for how the relationship between people and their governments should be run, with individuals sovereign. When we are all Maoris, through miscegenation, the government will be reduced. Except that Maoris will do as tribal people do and create very ugly scenes. Just like the tribal NZers have done. Which is why the cry has gone up "Abandon Ship". Not all owners of our house consider it to be a financial asset. <suggest you consider selling the abode. > Half of the owners consider it a habitat, not for sale. I would rather own the house than Helen Clark's promissory notes. Mqurice