Zardnaar
Deity
I got a shock today when I checked my app on exchange rates.
The New Zealand dollar was worth more than the Australian dollar. And was up to 0.78 USD.
Then I saw this checking the news.
https://www.interest.co.nz/news/109...nd-becomes-first-developed-country-investment
First post Covid country to have our credit rating upgraded.
Mortgage got paid for this time last year. House went up 19% in value last year. It's fine.
Meanwhile my cousin had to move and her rent doubled. It's fine.
Cheap credit plus 100 000+ returnees and unofficial refugees via spouses has caused the average price to hit $800 000 ($600k+ USD). It's fine.
With increases of around $100k plus for a house to buy one just eat less avocado toast. It's fine.
Around 6 months ago the entire country only had 17 000 houses for sale. It's fine.
The government more or less guaranteed house prices won't drop with Covid relief package. It's fine.
Want to become a millionaire it's easy but a house. Government backed it's fine.
Your house earns more than you tax free. It's fine.
Want to go to Europe for free? Just borrow against your house it will pay for itself. It's fine.
And once the borders reopen no one will ever want to move here. Trump said it's a hell hole. It's fine.
We hate foreigners here.
It's fine.
Basically it's rapidly becoming the 19th century again. You either own property or you don't.
Rent $600-$750+ per week.
Owner. Double digits house price rises local rates around $40-$50 a week. Universal healthcare though and you can insure a family of 6 for $50 a month.
The New Zealand dollar was worth more than the Australian dollar. And was up to 0.78 USD.
Then I saw this checking the news.
https://www.interest.co.nz/news/109...nd-becomes-first-developed-country-investment
First post Covid country to have our credit rating upgraded.
Mortgage got paid for this time last year. House went up 19% in value last year. It's fine.
Meanwhile my cousin had to move and her rent doubled. It's fine.
Cheap credit plus 100 000+ returnees and unofficial refugees via spouses has caused the average price to hit $800 000 ($600k+ USD). It's fine.
With increases of around $100k plus for a house to buy one just eat less avocado toast. It's fine.
Around 6 months ago the entire country only had 17 000 houses for sale. It's fine.
The government more or less guaranteed house prices won't drop with Covid relief package. It's fine.
Want to become a millionaire it's easy but a house. Government backed it's fine.
Your house earns more than you tax free. It's fine.
Want to go to Europe for free? Just borrow against your house it will pay for itself. It's fine.
And once the borders reopen no one will ever want to move here. Trump said it's a hell hole. It's fine.
We hate foreigners here.
It's fine.
Basically it's rapidly becoming the 19th century again. You either own property or you don't.
Rent $600-$750+ per week.
Owner. Double digits house price rises local rates around $40-$50 a week. Universal healthcare though and you can insure a family of 6 for $50 a month.