Do punters get a pay rise .... increased dividend
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They did revalue the assets, but came up with the exact same figure. They say their asset valuation didn’t change because the cap rate increase was precisely matched by uplift in value from rental income increases.
I’m not saying which way a re-valuation should have gone, but to come up with the exact same figure I find somewhat eyebrow raising.
Yes there is nothing special about a warehouse even though many important parts of the economy need them they also need Diesel and hundreds of other things.
See my post (1628) and following discussion a few pages back.
My statement didn't infer anything about being something to trade although everything is a trade at the end of the day.
Current state of housing is a joke. A combination of regulative incompetence and the liquidity flywheel. https://lt3000.blogspot.com/2020/07/...flywheels.html
NZ is roughly 1% urbanised. Prime NZ land (the real good stuff) is around $10,000/acre so for a town size section about $1300, super easy to divide up using modern methods, chuck in a road and some power/pipes...
But for ordinary land much much less than this, town sized section would be $500 or less.
Would be a huge stretch to say a town sized section worth 10k, after all that's what you pay for the whole acre.
Chuck a house on built to 1980 standards which seems to be fine for most kiwis as that's what they're living in, 100 m2 detached garage built using modern factory construction methods, another few grand.
Everything else is fluff. If you want something bigger and flasher sure, but most of what we trade each other is just crap from the 80's on little sections. Worthless rubbish.
The smash up in this sector could last a while ....
https://www.stuff.co.nz/business/opi...eserve-bank-is
By claiming the banks need to operate under an undefined social licence, the PM actually exposes the fact she is using them as a scapegoat for the failings of her own government and indeed of the whole NZ fiscal and financial regulatory system. She goes for the “easy” target.
Weekly Update:
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International Shipping costs continue to plummet, now below pre-pandemic levels.
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Petrol (91) Prices up 5c week on week, Diesel flat:
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Mortgage rates continue higher:
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