Politics 🗳️ NZ Politics

[miket12]

Im starting to take a dim view of Super. As per recent data, it makes young people poorer and old people richer. Plus Super funds are doing dodgy things like investing in housing funds, driving up housing costs. This circles around to my constant point that business is the only true way to generate wealth.

While it’s an older article and some of the concerns raised in it have been addressed, here’s Gareth Morgan‘s take on investment funds, relating mostly to KiwiSaver.

Risks, returns and keeping nest egg safe | The Morgan Foundation

morganfoundation.org.nz

 

[dean]

One of the most accurate places to get an idea of rent is Trade Me and homes.co.nz. They base their rental appraisals on what is advertised for rent in an area and then compare that to the house you’re looking at. I prefer that than appraisals from property managers as they will always push for the highest return for themselves through their management fees.

I wonder if a way to make property investment less attractive would be to modify the new DTI ratios when they come in and instead of a perspective landlord being able to borrow on 100% of their income from both their job and the estimated rental income but have the maximum amount they can borrow based on their entire salary and only half the rental income. Another thing could be to make it that landlords can’t just borrow 100% for a rental property using the existing equity in their family home but are required to have an actual deposit of 15 to 20% which has to be used for the purchase and not be an offset amount to reduce interest.

I used trademe to gauge market rent when setting my rent.
I liked to position myself on the lower side of market rent and get the best, most stable tenant available.
I have dropped the rent on occasion when I've thought rents have come back. Last time was from $450pw down to $425pw for a working mum with two kids. She was a first class tenant and I was happy to reduce the rent rather than risk her feeling she was paying to much by looking at trademe and making comparisons. She stayed for four years, constant rental income for me, no vacancies and my house looked after as if it was hers. Win-win.

 

[marv.]

jeez, the greens are having a pretty shit run of it lately.

'Deeply serious allegations': Green MP steps down amid migrant exploitation investigation

Darleen Tana may have been aware of practices at her husband’s e-bike company.

www.nzherald.co.nz

 

[marv.]

also,
this is fucking wild!
imagine the media? they would self combust if this were say rawiri waititi or chloe swarbrick.

Watch: David Seymour spat at by student during Manawatū school visit

Seymour's crown car was also allegedly kicked while he was leaving.

www.nzherald.co.nz

i’m no fan of that smarmy little seat sniffer seymour but, holy shit.

 

[defensivebomb]

also,
this is fucking wild!
imagine the media? they would self combust if this were say rawiri waititi or chloe swarbrick.

Watch: David Seymour spat at by student during Manawatū school visit

Seymour's crown car was also allegedly kicked while he was leaving.

www.nzherald.co.nz

i’m no fan of that smarmy little seat sniffer seymour but, holy shit.

I'm surprised those kids aren't getting expelled

 

[marv.]

I'm surprised those kids aren't getting expelled

i’m surprised they’re even at school and not staying out all night doing ramraids on vape shops.

 

[defensivebomb]

While it’s an older article and some of the concerns raised in it have been addressed, here’s Gareth Morgan‘s take on investment funds, relating mostly to KiwiSaver.

Risks, returns and keeping nest egg safe | The Morgan Foundation

morganfoundation.org.nz

I had never thought of "survivorship bias" when it comes to funds. Makes sense though

I read Barefoot Investor a few years ago. Portions of the book are for Australian readers only, but there are some really powerful messages in there about compounding interest, index funds and fund manager fees. Worth reading even if you have a good understanding of financial markets

 

[Rizzah]

i’m surprised they’re even at school and not staying out all night doing ramraids on vape shops.

What the fuck is this?

 

[marv.]

What the fuck is this?

kids in palmerston north. i have a farm there i spend a few days a week at. so many trouble makers. not surprising when gang members are killing each other in their driveways in their cars with their kids is it?

out of control. these kids just don’t give a fuck.

Palmerston North mall trashed, young worker beaten in sickening footage of teen mob attack

www.newshub.co.nz

 

[Rizzah]

kids in palmerston north. i have a farm there i spend a few days a week at. so many trouble makers. not surprising when gang members are killing each other in their driveways in their cars with their kids is it?

out of control. these kids just don’t give a fuck.

Palmerston North mall trashed, young worker beaten in sickening footage of teen mob attack

www.newshub.co.nz

We just tar all kids from an area as being trouble makers? Esp ones that might actually be going to school.

Where do you see solutions coming from?
Is it youth boot camps, or maybe a less secure work environment (ala ACTs new employment relation changes), or maybe the changes to welfare and changing criteria to get into state and emergency housing?
Or is it the new low pay offer to police, while Australia is on a recruitment drive?
Or the austerity in a recession, driving a longer recession and higher unemployment?

 

[marv.]

We just tar all kids from an area as being trouble makers? Esp ones that might actually be going to school.

Where do you see solutions coming from?
Is it youth boot camps, or maybe a less secure work environment (ala ACTs new employment relation changes), or maybe the changes to welfare and changing criteria to get into state and emergency housing?
Or is it the new low pay offer to police, while Australia is on a recruitment drive?
Or the austerity in a recession, driving a longer recession and higher unemployment?

not at all, i didn’t say that, i did say i’m surprised kids are even at school. and not out knocking over palmy businesses. i know a lot of business owners there and everyone says the same thing.

i don’t know what the solutions are, youth boot camps?! jesus no. and i would almost certainly disagree with anything ACT say. aside from that end of life choice thing anyway.

all the options you list are from the past few months? youth crime has sky rocketed the last few years.

these kids are not answerable to anyone. they don’t give a fuck. what does more support do? nothing so far.
what does harsh punishment do aside from make better more angry criminals?

whatever happens it’ll take generations to change.

some people are just shitty.
it’s not always poverty or colonization or lack of police.

 

[Lord Gnome of Mooloolaba]

I was at the HR NZ awards dinner last night and the mood was very much pro te reo, anti-redneck, honour the treaty etc.

Guest speaker, Brooke Van Velden Minister for Workplace Relations, pulled out last minute and didn't take her speaking slot

 

[MrFrankWhite]

While it’s an older article and some of the concerns raised in it have been addressed, here’s Gareth Morgan‘s take on investment funds, relating mostly to KiwiSaver.

Risks, returns and keeping nest egg safe | The Morgan Foundation

morganfoundation.org.nz

No offence but that doesn't address the underlying philosophy at all.

 

[MrFrankWhite]

While it’s an older article and some of the concerns raised in it have been addressed, here’s Gareth Morgan‘s take on investment funds, relating mostly to KiwiSaver.

Risks, returns and keeping nest egg safe | The Morgan Foundation

morganfoundation.org.nz

Try this.

How Australia's superannuation system steals from the poor to give to the rich | Richard Denniss

There’s a golden opportunity to right this $43bn wrong, and we can all make a difference. So don’t get bored, get angry

www.theguardian.com

 

[Lord Gnome of Mooloolaba]

I'm surprised those kids aren't getting expelled

I'd give them commendations tbh.

 

[dean]

I'd give them commendations tbh.

For spitting on someone?

 

[marv.]

I'd give them commendations tbh.

not a real surprise we have children acting the way they do when we have adults with views like that is it?

 

[Juno]

For spitting on someone?

He wasn't spat on. The ground in front of him was spat on.
Whole fifferent meaning,
if you know you know.

 

[dean]

He wasn't spat on. The ground in front of him was spat on.
Whole fifferent meaning,
if you know you know.

I don't know the meaning other than disrespectful from a schoolboy to an adult he doesn't even know.
Those condoning this behaviour should be ashamed.

 

[marv.]

He wasn't spat on. The ground in front of him was spat on.
Whole fifferent meaning,
if you know you know.

good point.
what would the conversation be if kids spat on the ground in front of rawiri waititi and booted his car with him in it as he left?