And the bad thing about that is, (due to the flooding) that was the only way in and out of the city. |
As a result profitability is being slashed tremendously amongst New Zealand businesses and especially of course those in the exporting and importing competing sectors. |
But a person's a fool if they think you can take a serious punt on when that exactly will happen. |
If people were aggressively concerned about falling house prices, rising interest rates, you would not expect to see a leap in consents being issued for houses. |
Since I have been here, I've had eight or nine friends call and say they've seen friends of ours dead and floating in the water. That is the news I have been getting while my mind is on my daughter. |
The kiwi dollar tends to go up an escalator and down the lift shaft. |
The numbers don't stack up (on rental property), end of story. |
The time for the quick buy and flick has disappeared. |
There is no way of forecasting when exchange rates are going to move. |
When times get tough, we leave (for Australia). Migration will get worse in the next 18 months, undermining the housing market. |
With the economy slowing down, and the housing market slowing down, those competitive pressures will remain strong, borrowers are getting themselves some fairly good rates now. |
You'd have to say there's probably still scope for some further declines in the very near future. |