Posts by Stephen Judd
Last ←Newer Page 1 2 3 4 5 Older→ First
-
Apropos speculation: the fact that the yield of the assets in question (ie rent as a proportion of house price) is so low tells me there must be some speculative element at work.
-
PS: mortage interest is at least somewhat tax-deductible in the US, so that tilts the calculator in favour of buying somewhat. But realistic NZ cases come out favouring renting anyway.
-
Check it out: the amazing NYT rent vs buy calculator.
Strictly as a financial proposition, renting is going to make a lot of sense for a lot of people. But there's more than just business considerations in buying your own house.
-
Yeah, it's not one thing; more like a perfect storm of a number of factors.
I fear this is only too true though:
a lot of people who were pressured into buying precisely because they heard and read about the rapid escalation and thought "it's now or never"I heard that sentiment expressed many, many times over the last four or five years.
-
"In fact, I can't see any villians in housing affordability."
Really? I would have said that lax enforcement of our vague tax laws has created the conditions that blew more air into a speculative bubble.
But judging by today's news, that bubble's already deflating.
-
The footage of Colin Fry repeatedly trying and failing to guess something of relevance gladdened my bitter skeptic's soul.
-
It's standard U-speak, as documented by Nancy Mitford.
As it happens, my late Mum went to Epsom Girls Grammar a year or two ahead of Angela D'Audney and also pronounced the days like that; thus I associate it with ex-EGGS girls of a certain age.
-
We called it tiggy or tigz in Hamilton in the 70s.
-
Re __SU__baru: I think it's the American influence. That's how most Americans say it.
-