as a google search, is more popular now than anytime since 2004.

sparkychap - 2021-04-25 16:53:00

The roller coaster is nearly at the top of the tracks.....gonna be a hell of a ride on the way down. Or does it just get stuck up there?????

lakeview3 - 2021-04-25 16:55:00

Either way the govt needs to start taxing empty houses/ air BnBs or asset and income testing pensions.

If people think they can live through all the good times, rip the carpet out from everyone else who they expect to pay for their pensions and healthcare then they are absolutely dreaming.

lakeview3 - 2021-04-25 17:01:00

I think were in a melt up economy right now.

loud_37 - 2021-04-25 17:14:00

Never

megan109 - 2021-04-25 17:17:00

never , the Governement wont let it crash

daz1968 - 2021-04-25 17:29:00

daz1968 wrote:

never , the Governement wont let it crash

well they can’t keep printing money.....something will have to give. At the rate we are going it will be interest rates and that will hurt some people.

lakeview3 - 2021-04-25 17:31:00

sparkychap wrote:

as a google search, is more popular now than anytime since 2004.

S**t stirrer. You will know you will get a bite.

orphic1 - 2021-04-25 17:41:00

lakeview3 wrote:

well they can’t keep printing money.....something will have to give. At the rate we are going it will be interest rates and that will hurt some people.

People are already hurting, the amount of people living rough or spending all their money just to have a roof over their heads is appalling & already inflation & interest rates are rising so many more people will be hurt.

johnn - 2021-04-25 17:50:00

lakeview3 wrote:

The roller coaster is nearly at the top of the tracks.....gonna be a hell of a ride on the way down. Or does it just get stuck up there?????

Oh really?

History suggests it is part of a normal cycle...

https://www.rbnz.govt.nz/-/media/ReserveBank/Images/Key%20gr
aphs/key-graph-house-prices-and-value.jpg?la=en

tony9 - 2021-04-25 18:16:00

johnn wrote:

People are already hurting, the amount of people living rough or spending all their money just to have a roof over their heads is appalling & already inflation & interest rates are rising so many more people will be hurt.

i know, it’s disgusting isn’t it watching people having to live like that while others don’t GAS or seemingly oblivious to it. Hence my comment at 3.

lakeview3 - 2021-04-25 18:33:00

tony9 wrote:

Oh really?

History suggests it is part of a normal cycle...

https://www.rbnz.govt.nz/-/media/ReserveBank/Images/Key%20gr
aphs/key-graph-house-prices-and-value.jpg?la=en

do you actually trust or believe anything those people say anymore?

They are the problem.

lakeview3 - 2021-04-25 18:33:00

lakeview3 wrote:

do you actually trust or believe anything those people say anymore?

They are the problem.

I recall the peaks and troughs in that graph, should I dis-believe myself?

tony9 - 2021-04-25 18:36:00

tony9 wrote:

I recall the peaks and troughs in that graph, should I dis-believe myself?

the last 20 years is hardly an indication of anything except wanton consumerism......or maybe not so wanton....????

These are unprecedented times....

Edited by lakeview3 at 6:56 pm, Sun 25 Apr

lakeview3 - 2021-04-25 18:55:00

Mid 2025 will be a crash or a deeper trough.

ash4561 - 2021-04-25 19:24:00

lakeview3 wrote:

the last 20 years is hardly an indication of anything except wanton consumerism......or maybe not so wanton....????

These are unprecedented times....

I don't think so. Despite the endeavours of the media and politicians, not much has really changed over the past few hundred years.

tony9 - 2021-04-25 19:32:00

For at least the last twenty years, I have always said, that as baby boomers, we have seen the biggest excesses in everything. It only stands to reason, that we are going to witness the biggest crash the world has ever seen. All that is happening now is they are trying to stop it happening. Good luck.

laurelanne - 2021-04-25 19:36:00

lakeview3 wrote:

well they can’t keep printing money.....something will have to give. At the rate we are going it will be interest rates and that will hurt some people.

Would that not suggest that houses are just maintaining their value against our rapidly devaluing Zimbabwean kiwi-dollars?

apollo11 - 2021-04-25 19:47:00

apollo11 wrote:

Would that not suggest that houses are just maintaining their value against our rapidly devaluing Zimbabwean kiwi-dollars?

The rest of the developed world is printing money at the same rate. Which is why our dollar is roughly the same against other currencies.

tony9 - 2021-04-25 20:11:00

Yep, apollo11 and tony9. It's all in for everyone. It just makes the mess bigger.

laurelanne - 2021-04-25 20:34:00

laurelanne wrote:

For at least the last twenty years, I have always said, that as baby boomers, we have seen the biggest excesses in everything. It only stands to reason, that we are going to witness the biggest crash the world has ever seen. All that is happening now is they are trying to stop it happening. Good luck.

some people will need more than luck.

People are out there spending up a storm.

Thank goodness I can live on the smell of an oily rag. Some people need to learn the same also.

lakeview3 - 2021-04-25 20:42:00

Or perhaps this is an attempt to destroy the global monetary system so that something new can be put in it's place?
The global banking system seems to now be a centrally managed (socialist) system- ie no longer driven by market forces.

apollo11 - 2021-04-25 20:59:00

Oily rag. That's a good old saying lakeview3. My dad always said, he made a prisoner out of every dollar because he was so poor as a kid.

laurelanne - 2021-04-25 21:05:00

apollo11 wrote:

Or perhaps this is an attempt to destroy the global monetary system so that something new can be put in it's place?
The global banking system seems to now be a centrally managed (socialist) system- ie no longer driven by market forces.

of course it is. They want us all to have a universal basic income or digital currency so they can track everything. The only thing keeping many countries going like the states for example is the stimulus money they are giving people.

I mean I DGAS if they bring in the universal income because of my age and set up and because I don’t have a lavish lifestyle or wants, but it’s bad for young people or older people who have SFA.

I don’t think some wealthy people would like having all their money tracked eh......luckily this won’t apply to me lol (being rich I mean and I don’t care if anyone tracks my spending because I am such a cheapskate there’s hardly anything to see)

Edited by lakeview3 at 9:11 pm, Sun 25 Apr

lakeview3 - 2021-04-25 21:07:00

orphic1 wrote:

S**t stirrer. You will know you will get a bite.

lol it’s like fishing with dynamite.

sparkychap - 2021-04-25 21:07:00

Of course it won't 'crash'. Prices go up and sometimes down a bit, always have and always will.
Grumpy pessimists just miss out on the good times because they're so busy grizzling.

masturbidder - 2021-04-25 21:08:00

laurelanne wrote:

Oily rag. That's a good old saying lakeview3. My dad always said, he made a prisoner out of every dollar because he was so poor as a kid.

yes i have been accused of the champagne lifestyle on a shoestring budget lol. Hardly though.

The key thing I learnt in my ‘journey’ is if I don’t waste money or don’t spend so much, I don’t need to earn so much!

lakeview3 - 2021-04-25 21:09:00

sparkychap wrote:

lol it’s like fishing with dynamite.

good entertainment anyway. I get a bit bored in between my Netflix series I am watching and pop on over to have another couple of cracks.

lakeview3 - 2021-04-25 21:10:00

Weeeeell masturbidder. I would say you haven't lived long enough and you haven't looked at history.

laurelanne - 2021-04-25 21:12:00

masturbidder wrote:

Of course it won't 'crash'. Prices go up and sometimes down a bit, always have and always will.
Grumpy pessimists just miss out on the good times because they're so busy grizzling.

don’t worry, you’ll be right, what with all your mansions and stuff. They might not let you have your pension though if you’re too rich.

lakeview3 - 2021-04-25 21:12:00

laurelanne wrote:

Weeeeell masturbidder. I would say you haven't lived long enough and you haven't looked at history.

yes there’s kind of a magic age that one has to have been to have noticed these things, he’s probably a bit too young.....either that or I was a very observant child lol.

lakeview3 - 2021-04-25 21:13:00

daz1968 wrote:

never , the Governement wont let it crash

Dont forget the banks as well. There are so many vested interests. But outside of them a huge number of houses are owned by owner occupiers or non leveraged investors, or holiday homes etc. Who simply will sit back and wait out any dip and are in for the long term (ie 10years +) - ie no reason to sell. Sure a few maybe forced but for those people there is also a huge pent up demand of 1st home buyers and people just below the current surface waiting to buy in not to mention a huge influx of people once the borders open the issue with houses, is people need to live somewhere so demand really can only fall so far.

I was at an open home the other day - there was at least 50 people there taking a look for whatever reasons.. the money is still there, nothing has changed.

mikek - 2021-04-25 21:18:00

mikek wrote:

Dont forget the banks as well. There are so many vested interests. But outside of them a huge number of houses are owned by owner occupiers or non leveraged investors, or holiday homes etc. Who simply will sit back and wait out any dip and are in for the long term (ie 10years +) - ie no reason to sell. Sure a few maybe forced but for those people there is also a huge pent up demand of 1st home buyers and people just below the current surface waiting to buy in not to mention a huge influx of people once the borders open the issue with houses, is people need to live somewhere so demand really can only fall so far.

I was at an open home the other day - there was at least 50 people there taking a look for whatever reasons.. the money is still there, nothing has changed.

you think the money is still there? Those are probably the same people who lost money on the sharemarket crash and got bailed out of SCF. Greedy people looking for a quick buck. Then they cry when they lose it all and wait for everyone else to help them out. If their FOMO and stress don’t leave them their partner will.

Do they really think if they get rich it’s going to help them when they are sitting in the retirement home next to me drinking gravy through a straw? Lol nah, just the same in the end. Hilarious.

lakeview3 - 2021-04-25 21:34:00

tony9 wrote:

I don't think so. Despite the endeavours of the media and politicians, not much has really changed over the past few hundred years.

1920s anyone ?

kata001 - 2021-04-25 23:00:00

masturbidder wrote:

Of course it won't 'crash'. Prices go up and sometimes down a bit, always have and always will.
Grumpy pessimists just miss out on the good times because they're so busy grizzling.

This is the end of fiat currency and return to a gold/silver standard which was in place pre 1971 . Govts/banks have printed money ever since with interest rates now at 0% no room to move the whole thing a ponzi . Inflation then hyperinflation interest rates to go up and people wiped out .

kata001 - 2021-04-25 23:14:00

lakeview3 wrote:

Either way the govt needs to start taxing empty houses/ air BnBs or asset and income testing pensions.

I.

1: there aren’t actually that many usable empty houses - lots of reasons why a house is counted empty in Census data
2: AirBNBs serve a useful function for people not wanting to stay in hotels and their income is already taxes. Sure, charge them commercial rates.
3: asset testing pensions was even described in your own evidence as a third rail policy.

sparkychap - 2021-04-26 06:00:00

masturbidder wrote:

Of course it won't 'crash'. Prices go up and sometimes down a bit, always have and always will.
Grumpy pessimists just miss out on the good times because they're so busy grizzling.

lol

mkr_ahearn - 2021-04-26 08:37:00

lakeview3 wrote:

you think the money is still there? Those are probably the same people who lost money on the sharemarket crash and got bailed out of SCF. Greedy people looking for a quick buck. Then they cry when they lose it all and wait for everyone else to help them out. If their FOMO and stress don’t leave them their partner will.

Do they really think if they get rich it’s going to help them when they are sitting in the retirement home next to me drinking gravy through a straw? Lol nah, just the same in the end. Hilarious.

except you'll be as poor as hell, denied any medical care but still will have your hand out for the meager super and all the freebies along the way.

gabbysnana - 2021-04-26 09:02:00

tony9 wrote:

The rest of the developed world is printing money at the same rate. Which is why our dollar is roughly the same against other currencies.

And those other economies have been doing it for much longer - UK and USA for over a decade. It's the new norm.

sooperdoopa - 2021-04-26 09:19:00

lakeview3 wrote:

Do they really think if they get rich it’s going to help them when they are sitting in the retirement home next to me drinking gravy through a straw? Lol nah, just the same in the end. Hilarious.

well they’ll probably not be in the same retirement home as you - they’ll likely be in a much better one. And their gravy will probably taste much better than yours.

sparkychap - 2021-04-26 09:29:00

Hmmm, I’ve been thinking... ????????

In 2004 we weren’t all googling sh!t all the time though so your information could be a bit out of kilter! ????

lovelurking - 2021-04-26 09:30:00

sparkychap wrote:

And their gravy will probably taste much better than yours.

I hear Chef Jellymeat tastes very bland. Needs more salt.

apollo11 - 2021-04-26 09:35:00

gabbysnana wrote:

except you'll be as poor as hell, denied any medical care but still will have your hand out for the meager super and all the freebies along the way.

haha I don’t think the straw cares how much money anyone has.

And meagre? Anyone who thinks our super payments are meagre needs to have a serious good look at their decisions in life and outgoings.

lakeview3 - 2021-04-26 09:39:00

sparkychap wrote:

well they’ll probably not be in the same retirement home as you - they’ll likely be in a much better one. And their gravy will probably taste much better than yours.

the straw still doesn’t care!

lakeview3 - 2021-04-26 09:40:00

apollo11 wrote:

I hear Chef Jellymeat tastes very bland. Needs more salt.

lol don’t I actually spoke to a woman whose husband had eaten that by mistake when she went away for the weekend once.

lakeview3 - 2021-04-26 09:41:00

lakeview3 wrote:

haha I don’t think the straw cares how much money anyone has.

And meagre? Anyone who thinks our super payments are meagre needs to have a serious good look at their decisions in life and outgoings.

Huh?
I hope I don't have to live on the pension as my only source of income. Surely good decision making leads to financial security later on in life.

heather902 - 2021-04-26 09:47:00

lakeview3 wrote:

lol don’t I actually spoke to a woman whose husband had eaten that by mistake when she went away for the weekend once.

Brian, Brian, jellimeat for dinner...????

lovelurking - 2021-04-26 09:49:00

lovelurking wrote:

Brian, Brian, jellimeat for dinner...????

.

lakeview3 - 2021-04-26 09:51:00

lakeview3 wrote:

the straw still doesn’t care!

well enjoy it. Of course the greedy rich will be elsewhere. Why slum it with you?

sparkychap - 2021-04-26 10:27:00

sparkychap wrote:

lol it’s like fishing with dynamite.

IN a barrel!

smallwoods - 2021-04-26 10:28:00