Comments for Landlords.co.nz Weblog

Comment on Bubble, bubble, toil and trouble by Scruffy Dude

Scruffy Dude — Sat, 29 Mar 2008 18:54:02 +0000

I hope you guys are right because I just bought a house end of 2006!

Comment on Bubble, bubble, toil and trouble by Pete

Pete — Sat, 29 Mar 2008 08:21:08 +0000

I think the culprit (in this instance) was the manager / editor of interest who appeared on TV1 around 7:20ish one day last week. His name might be Bernard Hickey but I could be mistaken. I do recall yelling at the TV when he said with a straight face that it could take decades or more for house prices to recover to their current levels after dropping 30%.

The twit, he needs to enrol in economics 101 and be removed from public view for … decades and decades until he is contrite and remorseful for being such a twat!

Comment on Bubble, bubble, toil and trouble by Pjonz

Pjonz — Fri, 28 Mar 2008 00:43:37 +0000

Who is this brilliant person who can forecast so far ahead?

I believe it will either be Keiran Trass, Ollie Newland or Martin Dunn.

These are the three that seem to have an issue with people making money out of property…

and what’s more they all have an ulterior motive for saying what they said… one ulterior motive is called a newsletter/seminar, another is called a training weekend with a guru (very questionable) and yet another person creates so much fear that people sell their apartments regardless of how much they stand to lose to keep the third gentleman and his sales staff in a job.

You pick which one is which?

Comment on Go Mr Common Sense by Greg Clinch

Greg Clinch — Fri, 21 Mar 2008 06:14:48 +0000

I couldn’t agree more with Lee Kammerer in his message posted above.
I was also at the N.Z.F.I.F. conference in Chch last October and heard this dickhead too.
To start with, it is very difficult to take someone with that ludicrous ‘hair-style’ seriously… then he opens his trap and leaves us in no doubt that he is desperate to make his mark, however deperately.
I am an investor ( commercial property), developer (res and comm.) and also hold a real estate sales certificate so I have had plenty of exposure to real estate people – the vast majority are bloody good sorts and I’d rather spend my time with them than fuckwits like Cosgrove.

Comment on Go Mr Common Sense by Lee Kammerer

Lee Kammerer — Thu, 20 Mar 2008 04:27:02 +0000

100% correct. The guy (Cosgrove) is a complete idiot. His speech to the New Zealand Property Investors’ Conference in Christchurch last year was the worst I have ever heard from a politician of any shade. Go Kate Wilkinson in Waimakariri!!!

Comment on Go Mr Common Sense by R.F.L. Evans

R.F.L. Evans — Wed, 19 Mar 2008 23:08:35 +0000

Good comment from Peter Dunne. He is quite correct and the amazinglingy hostile and ignorant performance displayed by Mr Clayton Cosgrove has been and continues to be a source of huge embarrasement to his caucus colleagues.
I know that because one or two have told me so.They are actually very ashamed of his behaviour and cringe whenever he opens his mouth!
I supect his political future is not very bright!

Comment on Time to regulate sellers of packaged property by Hamish

Hamish — Fri, 14 Mar 2008 00:53:46 +0000

If you are really good at selling crap for a lot of money do you need regulating? Hmmmm, I reckon that everyday people are selling rubbish for a lot money and doing it legally. If you do not consult an independent advisor on such a large investment, thats one thing. But if you have been told that this is an independent valuation and it is in fact anything but an independent valuation then you have been duped. And you should seek recourse with in the current legal system.

Comment on Not all bad news for property market by Hamish

Hamish — Fri, 14 Mar 2008 00:42:04 +0000

Yes I tend to agree, the media has to make dire story’s to sell their ads. It is good to see some real bargins coming out for buyers, especially first home buyers.

Comment on Time to regulate sellers of packaged property by Daniel Feller

Daniel Feller — Thu, 13 Mar 2008 00:23:18 +0000

How would regulation solve the problem?

It’s always easy to point out what and why something should be regulated. However, the tricky bit is how to do just that. Furthermore, more often the regulation with good intention have unintended outcomes which may things worst. (Interesting readings here http://www.nzinstitute.org)
How to find a great Financial Advisor.

1. OFFICE Do you have to meet your Financial Advisor at their office? That’s where they should work! And you want to see how they work and what staff they employ. If they come to you they have too much time at their hand.
2. First Question When you meet with them do they ask first who you are or how much you have to invest? Financial Advisors need to know you to give good advice and tell you what to do with your money. Hence, the first question should never be “how much do you have to invest”.
3. Disclosure If they fail to disclose to you how they get paid find someone who does tell you.
4. Recommendation Ask your friends and family for their recommendation.
5. Experience How long have they been a Financial Advisor? If they have not been a Financial Advisor for 10 years or longer or don’t work with someone who has find an Expert with Experience.
6. Results What results have they achieved for the person who recommended them to you?
7. Charge How much do they charge? Flat fee or per hour.

Regulation will not tell people to ask better questions. But asking better questions would assist them to invest wisely.

Daniel Feller

Comment on Financing property deals getting harder by Not all bad news for property market « Landlords.co.nz Weblog

Not all bad news for property market « Landlords.co.nz Weblog — Wed, 12 Mar 2008 02:55:07 +0000

[...] all bad news for property market A couple of months ago I commented that getting finance for property deals was getting harder and harder to obtain and that lending [...]