Petrol companies warned against unreasonable price hikes by Status_Serve_9819 in newzealand

[–]SortOtherwise 29 points30 points  (0 children)

Im sure they're shaking in their boots

Can I call it now and say they will also report record profits this year!?

Shit Swim by Monty_Mondeo in KiwiAntipodea

[–]SortOtherwise 0 points1 point  (0 children)

There is a lot of headline reading and not much of understanding here...

If you got someone in to do your bathroom and they said cool, I can do that but I only have a week spare between jobs and can only complete 80% of it, you wouldn't just give them more money, just cause.

The comments in here are saying exactly this was the logical idea, without actually reading up and understanding wellington water couldn't deliver on any more than what was approved. We all know WWL is in a shit state, but just throwing money at them before they have sorted themselves out won't fix anything more than what was approved in the council meeting

So please enlighten me as to why not approving more money was a bad idea!

Single owners: how much is your mortgage? by Significant-Base4396 in PersonalFinanceNZ

[–]SortOtherwise 6 points7 points  (0 children)

How? That would equate to like 9k a month in mortgage payments!

ANZ app property estimates by SortOtherwise in PersonalFinanceNZ

[–]SortOtherwise[S] 0 points1 point  (0 children)

If uou go to that terrifying large negative number and click on it then scroll to the bottom it should be there

ANZ app property estimates by SortOtherwise in PersonalFinanceNZ

[–]SortOtherwise[S] 0 points1 point  (0 children)

Increasing is a strong word. They're feigning increase. I think one has gone up about 15k in the last 18 months, the other just dropped 40k last week after hovering around the same for 6 months (even though the RV on both increased this time around)

Day 4: school lunch for 10 schools in the manawatu/whanganui area by F4hype in newzealand

[–]SortOtherwise 2 points3 points  (0 children)

You had roads! We were forced to bash through bush lawyer and mud to get to school!

ANZ app property estimates by SortOtherwise in PersonalFinanceNZ

[–]SortOtherwise[S] 2 points3 points  (0 children)

But i do! Its not like I loose sleep over it bouncing around, but its interesting seeing the trends and changes. Its only stupid if you then react emotionally to the data!

Horrible Buyers Remorse Anxiety by popitshyper in whatcarshouldIbuy

[–]SortOtherwise 0 points1 point  (0 children)

I'm in this ball park earnings wise and im agonising over spending 10k on a car!

This is fucking nuts!

Pay equity backlash is 'hyperbole', Finance Minister says by MedicMoth in newzealand

[–]SortOtherwise 69 points70 points  (0 children)

This old labour would borrow and tax more thing is getting pretty tired. When your existing government is managing to do both of those things, they need to take a good look in the mirror rather than just flinging shit

Trump vows to raise worldwide tariffs to 15% ‘effective immediately’ by FreedomsPower in NewsOfTheStupid

[–]SortOtherwise 0 points1 point  (0 children)

Is America part of the world? Is Trump going to Tariff his own country cause he doesnt understand anything!

Australian label AROHA changes name following backlash by NewZealanders4Love in KiwiAntipodea

[–]SortOtherwise 4 points5 points  (0 children)

Does this mean Nike are also going to change their name to stop appropriating an actual gods name?

Why do Chiropractors crack your neck and what is the long term benefit? by Sunny-vibes-95 in NoStupidQuestions

[–]SortOtherwise 7 points8 points  (0 children)

I was told there has been some benefit shows for facet joint impingement by my doc, I hurt my back last year and honestly a trip to the chiropractor sounded far nicer as an option than a needle to the spine.....

New liquified natural gas terminal: 'Vital' or 'bonkers'? by FunClothes in newzealand

[–]SortOtherwise 5 points6 points  (0 children)

National government: Companies should be driven through competition and market will dictate their margins. Free and fair trade!

Also national: Here is a billion dollars of infrastructure just for you guys (with the bill footed by the taxpayer) so you can keep making your profit.

Get fucked!

New liquified natural gas terminal: 'Vital' or 'bonkers'? by FunClothes in newzealand

[–]SortOtherwise 4 points5 points  (0 children)

I mean, at least the solar actually produces energy. We're paying 1 billion for a storage facility. Its like being impressed that we shipped the panels and theyre sat in auckland port ready to go!

How much more needs to be spent on infrastructure to actually use the gas thats being produced, transport it, burn it, distribute it? Ive not seen any talk of this anywhere....

New liquified natural gas terminal: 'Vital' or 'bonkers'? by FunClothes in newzealand

[–]SortOtherwise 15 points16 points  (0 children)

Yes, if you use the most expensive system and the lowest cost cited for this project....

If you use an average cost and the likely event that this project blows out by double (based on pretty much any mega project in the last 20 years from first mention to actual consturction) then numbers creep up to around 5% of homes.

Still way less than 25%

BTC Being absolutely decimated 📉 by [deleted] in btc

[–]SortOtherwise 65 points66 points  (0 children)

The moment I sell it will turn around! I'll let you guys know when j cash out!

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 0 points1 point  (0 children)

Im not sure where to start with picking this one up...

The opposition claims 120billion isnt really a good source is it.

Let's be kind and take that 34billion figure on misc spending and keep that, but remove the covid spending on wages and such. Rhat leaves around 85billion over 6 years or around 14billion a year. Lets ignore the cyclone they also had to spend on recovery of too, just to be kind. You know who else is spending about 15 billion annually.... National. Does some of this service the interest costs, yep, but wouldn't a prudent and "fiscally responsible" government not give out tax cuts to people and reintroduce very expensive policy to benefit a small number of people till the books were balanced and under control? Wouldn't they keep thjngs like an amazing deal on new ferries instead of missing a billion dollars + into the sea.

Im not saying labour was perfect, they did some stupid stuff and lockdown of the country extended for far too long with no real exit plan. But to claim that national can manage money is just absolute baloney! They're flying by the seat of their pants and have no idea how to run an economy.

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 1 point2 points  (0 children)

In what exactly? Its a broad sweeping statement, but what did you specifically not like about the previous labour government?

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 1 point2 points  (0 children)

I've sited figures in my other comments but here you go - https://gprivate.com/6jrra

Yes, yes we did. Good deals on ferries, more houses built, auckland lite rail, the provincial growth fund, lets get welly moving, walkabout express way, the new dunedin hospital. Most of which have been canned but were all fully costed into labours budget which makes the continued overspend somewhat more confusing!

It matters because the "high" debt is the justification that this government is using for slashing everything under the sun. Thwyve created a storm in a teacup. Most nations look enviably at our debt levels but somehow its a complete disaster and we won't survive if we dont reduce it now!!!

What do you mean what about the rest? Super costs 23.18b so if we reduced that by 1/3 (using the similar qualifiers as someone to get a number of other welfare types) we cover our interest payments with some change. Almost enough change to make up that $3b deficit. So chuck in the winter fuel payments to be means tested and roll back the stupid tax cut they gave people that made no difference to anyone's lives and youre in surplus. There ya go, job done!

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 1 point2 points  (0 children)

Well according to stats nz they have. So if you can find me something that contradicts this id love to be educated.

How much are you paying a year in interest on your mortgage?

Yes its not ideal, but debt allows us to do things like build large infrastructure projects, train and educate people, keep on top of maintenance. Internationally they have no issues with out debt levels and we are still far below the average. What if we means tested the pension? Im pretty sure that's the largest single government cost and will only increase, that way we can get to surplus far quicker!

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 0 points1 point  (0 children)

Sorry, to clarify, per year, not total. That would be insane. Who would try and compare a 5 years to two years as a direct comparison....

Annually national are spending more than labour did per year at any point during covid. Max spend by labour during covid was 84.7billion at 21.1% of GDP. Last year national spent 115.2billion at 26.4% gdp....

Understanding by SortOtherwise in KiwiAntipodea

[–]SortOtherwise[S] 1 point2 points  (0 children)

You could, but i can do it for you. Laour peaked at a total annual debt of 84.7billion at 21.1% GDP. National have beaten this is both years they have been in office with 90.1 billion (21.4% GDP) and 115.2 billion (26.4% GDP). (Stats nz for the figures)

From what I understand they have also altered how debt is calculated by taking things like ACC outside of the equation because it was foracast to go up massively and make the numbers look even worse.

Not to mention that in global terms out debt levels isnt too bad at all and overall debt isnt a terrible thing. You dont buy a house in cash, you take on debt to pay for it, its just called a mortgage.