Well at least he’s mentally insufficient across the board lmao

In reality the government pays for it. Instead of collecting tax revenue X from you, the cost of X is ignored because you "wrote off" the object in question. (Terribly dumb way for the rich to get away with buying private jets and crap without paying their taxes by the way)

The girls should have their own segment. I came here to watch James and Michael.

I'm overseas for a while but have property in NZ. I love your podcasts and KZfaq so I can keep an eye on the NZ market from afar. Thanks

Awesome info as always guys. Thanks a lot.

Great video

Why would you buy in a LTC? Losses in any entity are locked into that entity, but when your property in a LTC starts making a profit you are now paying tax at your personal tax bracket. If you are on top tax bracket then your profit is now taxed at 39%. Better to buy in a normal close company where profits are max taxed at 28% and you can bonus a shareholder salary if you are on a lower personal tax bracket.

what a Legend 😉

I managed to buy a house in a small town in Waikato. While the mortgage was reasonable at the time (we bought for 520 with 110 deposit), the interest rate keeps climbing (max we could fix it for was 3 years). So we’re about to have an additional $1000 per month increase just because of the interest rate. On top of that, the council is implementing 9% increases every year for the next 3 years on top of expensive property tax and region tax we already pay. Our wages in the same time has increased by 1-3% annually so not nearly keeping up with inflation. All the maintenance on the house still has to continue as well- no fun new updates to the house can happen, just maintenance because it’s so expensive to do anything to your house these days. We soon won’t be able to maintain it all and will be forced to sell at a loss because the economy is down and isn’t showing signs of bouncing back any time soon. My advice? Don’t bother buying.

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what.... average house price of $900,000 is not even close to being accurate.... these guys are idiots....

definitely one of the best

you are experts because you spoke to people in retirement villages ??????????????? people who have wads of dosh to enter these overpriced con jobs and I am retiring very well on my $500/week thanks. you should focus on couples who divorce from 50+ onward and suddenly find they dont have a $ 2 mill house but only enough settlement to buy a dog kennel in Kaitaia

What season is this from??

I wiith kernal

If you want to see plaster homes drive through west Harbour in Auckland

Super handy advice thx!

Haha!

It sounds like either Stirling board or chipboard. Not really suitable for external use.

Fascinating. But what are Weet Bix? Is that something like Weetabix 😅

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Kylie Jenner and the whole Kardashian clan are a bunch of skanks. Famous for doing nothing.

but what if you dont max out your credit card and you pay it off every month!?? my mortgage broker said having a credit card when doing revolving credit OR offset mortgage is a good thing, provided that youre paying the card off every month

Good ol’ Caleb hammer

100% No credit card.

Do these numbers assume you own the place you live in? (not renting & no mortgage)

My employer is so sh%! They don't contribute anything for me. I have to do the voluntary payments to get the government contribution

This is one of the reasons that NZ is on it economic knees! Closer to Fiji than Sydney! If NZ doesn't sort it self out soon it will struggle to ever recover

Australians receive relatively higher contribute rates from their employer towards the Australian superannuation scheme, than NZers receive from their employers towards KiwiSaver. However, NZ has a universal pension scheme that all eligible residents receive once they reach age 65. In Australia, their pension scheme is income and asset tested, and eligible residents receive it when they reach age 67 (it's been gradually increasing from 65 to 67). Which one of the two systems would you rather live in?

Its fairly common in japan where blocks of properties are sold. It happens all over thee place

It is 11% on top of your wage. You don’t have to contribute anything

Wtf 😮😮 my employee only contributions 4% match america just sucks

“Why would I want to help those greedy renters from buying their first homes when I’m clearly in dire need of an 8th property” -Christopher Luxon probably

Not trying to be a c&%! But I saw a bunch of brand new social houses all being lived in by immigrants not sure if refugees or what. They have work vans ect but still we have kiwis in the motels and cars . Shouldn't we be looking after our own people 1st 🤷🏽

Someone on minimum wage makes $48 thousand per year before tax. May aswell jump on the benefit instead for $45 thousand 😅

“Free money from the government.” Man, it never gets old how socialists describe theft from working people. Really brings a tear to my eye.

yeah, they dont give a shit about you. vote out who ever is in power in your local area. if it happens a few time they'll wake up.

This makes me hopeful, thank you.

Guys you're supposed to be financial advisors! You spent half the podcast talking about buying cars on finance. People should only buy cars with cash unless you have no other choices. It's stupid ticking up a brand new 100k vehicle instead of buying one outright at 20k

Nothing beats rowing through the gears and revving out an IC engine.

It's funny how you didn't include the price of the car and the price of insurance lol

Takes 40 years to pay off the up front extra cost…. Simple maths Boyos

a Tesla performance is far cooler than A creepy Matt Harris type 2 door McLaren wank wank my car Makes a noise car

I believe it, I had a million dollar net worth before I made $100k a year.

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Hey I really like the dynamic between these two. I love the transparency and depth. More of these two delving into topics would be great. Im also very interested to hear how private equity works under the hood when you get to that ep. Chur

If you find yourself needing to decide between being a good person and making money, maybe you should get out of that situation entirely.

australian housing market collapse is gunna fuck everyone

Kinda makes you wonder. If the landlord's only problem is losing one of their thousands of homes, but the renters problem would be losing their house or not being able to afford basic needs.......maybe being a landlord isnt that good of a thing to have

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