I am inclined to agree. I have had quotes on new builds in the last week and even though the paper work was only 4 weeks old the prices were said to be 10% higher. That was across 3 different companies.
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I am inclined to agree. I have had quotes on new builds in the last week and even though the paper work was only 4 weeks old the prices were said to be 10% higher. That was across 3 different companies.
When the world placed sanctions on Russia, the rouble dropped like a stone. They increased interest rates to prop up the rouble. Let's face it it doesn't matter which comes first rising inteterest rates or lower dollar, the end result is the same. When the dollar is worth less asset values should increase. It is only borrowers that flee the housing market in times of rising interest rates. Value of property should be a safe haven in times of inflation which coincides with a lower dollar. Why a lower dollar, because they printed so much of it. Everything is topsy turvey at the moment. Higher costs of construction must translate into higher secondhand property prices, only there is a time lag. In these times of rampant inflation property based business, must be the safest investment. Particularly when prices are dropping.
Then again if you believe the government is committed to tightening the money supply (which I doubt, they may stop the loosening) then asset values should follow the downward trend. Now it's just a mix, that we have to guess as to what extent each factor will take. In these times of volatility, there is money to be made as well as lost. Hope OCA is a long term winner.
well US dollar according to Siegal will drop in value next year by 20%.
check the M 's.
RBNZ is tightening on their last meeting and more expected.
Related Last Previous Unit Reference Interest Rate 2.00 1.50 percent May 2022 Money Supply M1 141243.00 140155.00 NZD Million Apr 2022
https://www.rbnz.govt.nz/monetary-po...n%20of%20bonds.
Can't believe it. OCA has lost $470 mill in market cap from its 52 week high in SP. Just unbelievable.
Hope nobody has to sell the bonds they issued a few months ago ..... in total they are down $14m as well
But hold them until 2028 and you get your buck back .... hopefully OCA shares will be $1.58 by 2028 as well ...that's 8% pa ....possible
No worries then - just keep holding until then
Could be said we will never see 1$ again:t_up: