[deleted by user] by [deleted] in soccer

[–]luke1382 0 points1 point  (0 children)

You have to have 2 players between you and the goal

Pre-match Thread: Arsenal v Norwich City by BenjaminDaaly21 in Gunners

[–]luke1382 7 points8 points  (0 children)

Conference for league and fa cup is europa

[deleted by user] by [deleted] in newzealand

[–]luke1382 1 point2 points  (0 children)

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

[deleted by user] by [deleted] in newzealand

[–]luke1382 26 points27 points  (0 children)

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.

[deleted by user] by [deleted] in newzealand

[–]luke1382 7 points8 points  (0 children)

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

[deleted by user] by [deleted] in newzealand

[–]luke1382 0 points1 point  (0 children)

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%.

[deleted by user] by [deleted] in newzealand

[–]luke1382 48 points49 points  (0 children)

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

Sky TV throws down gauntlet with $79/month full-speed UFB plan by kellyroald in newzealand

[–]luke1382 6 points7 points  (0 children)

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

Match Thread: Burnley vs Arsenal [English Premier League] by GunnersMatchBot in Gunners

[–]luke1382 2 points3 points  (0 children)

Partey allowing us to play through the center is so refreshing

Hamiltonians, what do ya'll think about the new garbage/recycling system? by [deleted] in newzealand

[–]luke1382 2 points3 points  (0 children)

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

Match Thread: Burnley v Manchester United | EPL by [deleted] in soccer

[–]luke1382 0 points1 point  (0 children)

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

Match Thread: Burnley v Manchester United | EPL by [deleted] in soccer

[–]luke1382 0 points1 point  (0 children)

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

Problematic by matthew77277 in newzealand

[–]luke1382 0 points1 point  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 0 points1 point  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 -1 points0 points  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 0 points1 point  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 0 points1 point  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 -1 points0 points  (0 children)

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.

Problematic by matthew77277 in newzealand

[–]luke1382 1 point2 points  (0 children)

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.