tmnvix

41 ms·

661.
by tmnvix 4y ago
Cheap and easy credit has driven house prices up with people continuing to pay very large sums only because they anticipate capital gains. Many buyers just want a home but wouldn't pay these prices if capital gains were out of the ques
662.
by tmnvix 5y ago
Likely because Polynesians are descended from East Asians that migrated south to Melanesia and then out into Polynesia.
663.
by tmnvix 5y ago
This makes sense and fits with what I understand to be the general 2/3 owner occupied properties and 1/3 rental properties ratio. I never thought though that this was what was essentially being referred to as the 'homeownersh
664.
by tmnvix 5y ago
I'm always curious about the reported 'homeownership rate'. As far as I'm aware, this is actually the 'living in an owner-occupied home rate'. It includes adults living with parents while saving for a deposit,
665.
by tmnvix 5y ago
> What is the difference between woke and left? 'left' to me has always been associated with class politics and 'woke' with identity politics.
666.
by tmnvix 5y ago
It's enough for me to know animals suffer.
667.
by tmnvix 5y ago
Consider that a speculative bubble can create excessive demand. Ireland had a shortage of housing until the GFC, when suddenly they didn't. I'm expecting NZ to discover the same over the next year or so. I really think it's a
668.
by tmnvix 5y ago
Thanks, I'll take a look!
669.
by tmnvix 5y ago
No, I haven't read Graeber's book. This was The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics by Michael Rowbotham. From memory, the title is derived from the literal meaning of the term 'm
670.
by tmnvix 5y ago
I sometimes remind myself of the principle 'mise en place' when I need that little bit of motivation to get started on something (trusting that once I've invested a few minutes I'll carry on). It involves 'getting o
671.
by tmnvix 5y ago
Edit: Apologies for being slightly off topic here - this was meant more as a response to a comment elsewhere on money creation. I've been keenly interested in the subject of banks, debt, and money creation ever since I picked up a book
672.
by tmnvix 5y ago
So it's not at all possible to rent a home in these places?
673.
by tmnvix 5y ago
Apologies if I was unclear. I meant 'conflate' as in 'treat as equivalent'. As for landlords perhaps wanting to be treated as equivalent to property owners, I think the previous poster gave a suitable example of why this
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by tmnvix 5y ago
There's an example tweet where Google suggests that 'landlord' is not inclusive and 'property owner' or 'proprietor' could be used instead. This will encourage people to avoid the word 'landlord'
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by tmnvix 5y ago
An actual example from one of those tweets: INCLUSIVE WARNING Some of these words may not be inclusive to all readers. Try instead: 'property owner' or 'proprietor' Those are not suitable alternatives for the word '
676.
by tmnvix 5y ago
I have had Uber drivers fail to show up multiple times. They appear to be heading to the pickup point but then park some distance away and just wait. It's very frustrating. I've never had that experience with a taxi service. It&#x
677.
by tmnvix 5y ago
If you made that land I would agree with you, but you didn't so I can't. Imagine if somebody purchased half of the existing radio spectrum and then decided to just leave it unused for decades. We wouldn't allow it. Perhaps if
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by tmnvix 5y ago
Think about LVT as the occupier paying the community for the right to exclude them from a common resource. The price of that exclusion is set by the community. The occupier gets most of the benefits of private property rights without actual
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by tmnvix 5y ago
Years ago there was an unfortunate incident involving the caretaker of the official Australian Prime Minister's residence in Canberra (The Lodge). At the time John Howard was PM and was setting the controversial precedent of refusing t
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by tmnvix 5y ago
Doesn't seem to be the case where I am (NZ). The official cash rate here has gone from 0.25 to 1.00 since August last year. In my city, there are now almost 2-3x times as many residential homes on the market as there were this time las
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by tmnvix 5y ago
Prices have risen with falling interest rates. They will fall with rising interest rates. Zoning is a smaller part of it (though more significant in some areas than others).
682.
by tmnvix 5y ago
> Nobody wants to lose money leaving their real estate investment empty. Vacancy rates are low. People do leave properties empty - it's easier to do in a rising market when it will still make you money via capital gains (and leverag
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by tmnvix 5y ago
> Snowden then went to China and then Russia. These are hardly the bastion of human rights, privacy and freedom that he supposedly fought for. I can't fault him for that. What would you suggest that he should have done instead?
684.
by tmnvix 5y ago
For the same reason, I use the previous day's solution as the starting word.
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by tmnvix 5y ago
Growing up in NZ, If you championed free market capitalism and privatisation, you would definitely be considered right wing. That is the Economist's bread and butter. That NZ's major left wing party was and is still a big proponen
686.
by tmnvix 5y ago
Yes, left and right are used in many different senses. They're impossible to pin down as they mean different things to different people. I sometimes think it's useful to consider political ideologies as existing somewhere along a
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by tmnvix 5y ago
God forbid the public see the anonymous nature of business entities as the problem here - at least when seeking justice. > The tribunal order was made against the company, not against Ali Ayad as an individual. So if Madbird was insolven
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by tmnvix 5y ago
Not OP, but as I see it, this is not so much about existing mortgages. New purchases will be funded by loans on terms with higher rates. Because most borrow close to the limit of what they can service, future purchases will be for less. If
689.
by tmnvix 5y ago
Firefox on Android allows you to use uBlock Origin. That's all the reason I need.
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by tmnvix 5y ago
> so I don't pass the infection onto those who are indeed vulnerable; so I don't overtax an already overtaxed healthcare system and healthcare workers This seems reasonable and is a common point of view. It does make me curious

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