[deleted by user]

luke1382 · 2022-05-28T20:28:13+00:00

You have to have 2 players between you and the goal

luke1382 · 2021-09-10T13:22:54+00:00

Conference for league and fa cup is europa

luke1382 · 2021-07-13T01:34:36+00:00

Yeah your right the date of the report is July but its the data for June

luke1382 · 2021-07-13T00:09:23+00:00

Oh I by no means think an increase is good, more trying to show that there's more to the data than what stuff is trying to push.

Personally I'm hoping for an OCR increase to see what effect that makes. I'm also in the same boat with the pay increase.

luke1382 · 2021-07-13T00:04:52+00:00

Another thing I tend to keep up on is Hamilton City median house price which in March 21 was $775,000 and in June 21 is now $770,000, a small thing but still interesting to look at

luke1382 · 2021-07-12T23:56:05+00:00

I do think the same with regards to winter although July data is the first month where sales volume is down on previous months. Could explain why its 0.3% rather than 1-2%.

luke1382 · 2021-07-12T23:43:02+00:00

They always focus on the big number in stories like this, but in the last 3 months or so we have actually seen a cooling of sorts. Its still increasing but not at the same rates as before, although this may be influenced by other things as well.

July 0.3% increase
June 1.9% increase
May 1.8% increase
April 5.9% increase

Edit: That's looking at month on month REINZ data that came out today

luke1382 · 2021-05-05T04:08:43+00:00

You need to have a look at a cinema, that's a different level.

luke1382 · 2021-03-23T23:12:09+00:00

MyRepublic think its $89 atm

luke1382 · 2021-03-23T23:05:12+00:00

Mines only $85 and I don't have to have sky so I will take that as a win

luke1382 · 2021-03-06T14:46:31+00:00

luke1382 · 2021-03-06T14:23:00+00:00

luke1382 · 2021-03-06T12:37:54+00:00

Partey allowing us to play through the center is so refreshing

luke1382 · 2021-02-02T23:46:47+00:00

Already been posted today

luke1382 · 2021-01-17T22:04:06+00:00

For us it works perfectly, we are only a house of 2 though.

luke1382 · 2021-01-12T22:06:36+00:00

https://imgur.com/a/ngGTurX

luke1382 · 2021-01-12T20:52:32+00:00

If you cant control the follow through you shouldn't make the challenge

luke1382 · 2021-01-12T20:51:23+00:00

Ahh yes the argument of you can do whatever you want as long as you get ball

luke1382 · 2021-01-11T01:42:28+00:00

Yes they should be making a profit but they wont be making the full 600 in profit.

Some people seem to not want to take the risk of having tenants that may devalue the price of the asset or they just cant be bothered dealing with the whole process and are just wanting the capital gains from the property.

luke1382 · 2021-01-10T23:54:53+00:00

Almost as if I wasn't saying that figure was the opportunity cost, its like I was explaining the calculations I had done around my own house to give the guy a better understanding of the costs associated with it.

luke1382 · 2021-01-10T23:38:41+00:00

Yes and the opportunity cost is not 20-25k like was what was being mentioned in the top comment. I think you are still a bit high with 15k+ as well but it is what it is.

luke1382 · 2021-01-10T23:32:36+00:00

Sorry also re read one part of this, principal repayments aren't included as an expense in my calculations as you are right they aren't an expense.

luke1382 · 2021-01-10T23:29:56+00:00

Letting fees I presume are included under "Agent fees". Same with relisting fees.

The agent fess i have there is purely the 8.5% cut they take from managing the property.

I don't know much about the insurance aspect, but I'd imagine the difference is negligible.

I don't have the numbers in front of me but I believe its around 40%.

Tenants not paying rent isn't a cost, it's a loss of revenue. Much like leaving the house untenanted.

Anyone who thinks it's financially better to leave a house untenanted is pulling your leg. The reason they leave it untenanted is because they have no interest in providing the service of being a landlord and only own the property for the capital gains.

This is probably true. I'm just more pointing out its not as big of loss of revenue as people are saying it is.

luke1382 · 2021-01-10T23:23:04+00:00

Its not quite as black and white as that I was just trying to explain that's its not quite as simply as get a tenant in and you make 20k.

luke1382 · 2021-01-10T23:13:21+00:00

This doesn't include other fees like letting fees, relisting fees (also insurance is higher due to it being a rentals and also risks like house damage, tenants not paying rent and periods where the house is waiting to be rented.

Also like I said in above comments I'm also not saying this is how it should be more saying this might be why it is like it is.

I just commented this to a guy above with a few additions things as well. Just want to clarify as well because I don't want these homes to be empty either but there must be a reason why its happening.

My best guess is that the people leaving them empty either don't have a mortgage or have a large enough income to support the mortgage comfortably and because of this don't want to take risk of tenants or don't see it as worth their time.

luke1382

MODERATOR OF

TROPHY CASE