Owning a home provides security that no amount of rental law cannot.
The trouble is that house prices do not reflect the cost of owning a home. They reflect the cost of the expected medium-term capital gains (post bright-line). It wasn t a problem when they reflected the expected gains upon retirement and downsizing, but now who honestly expects to be in that house for thirty years? Or do they
expect to flip it in ten years or so?
Ad 1.2.1.1.2.1
Agree with the security bit. I ve seen the pro s and cons of home ownership debated at length in New Zealand literature. They re pretty even.
Written By: lprent - Date published: 9:30 am, February 13th, 2021 - 84 comments
Back in May, I wrote a post “Covid-19: may be endemic“. That is looking like it is more and more likely. The depth of infection in world populations means that recombinant variants are likely. Vaccines and previous immunity will reduce the death rates and infection rates. But won’t stop reinfection. Human behaviour will keep covid-19 as an endemic disease.
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
Open mike is your post. For announcements, general discussion, whatever you choose. The usual rules of good behaviour apply (see the Policy). Step up to the mike …
Someone hasn t bothered reading the link.
Macro 2
More ironic humour from Andy Borowitz (and very close to the truth!)
WASHINGTON (The Borowitz Report) A furious Donald J. Trump attempted to fire the Supreme Court Justice Amy Coney Barrett, sources report.
According to the sources, Trump was so irate about the Supreme Court’s dismissal of his election challenge on Tuesday that he phoned Barrett directly to inform her that she was “history.”
“I hired you to get a job done, and you didn’t get it done,” Trump angrily informed Barrett. “You’re out of here.”
Sources say that Barrett had the unenviable task of informing Trump that Supreme Court Justices are appointed for life and therefore cannot be fired, a revelation that left Trump “flabbergasted.”