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Ash Housewares
Participant[quote=sdduuuude]I believe, however, there is an optimal level of debt. Not enough is bad. Too much is also bad. And, once you are past the point of optimality, piling it on gets you farther from optimality.
We are well past that point and whomever writes articles like this doesn’t realize it.[/quote]
Agree. You can’t stimulate the economy every time we hit a bump in the road. But to maintain this optimal level of debt, you need to have budget surpluses when the economy isn’t in a slump, so that the surplus can be spent to stimulate when a slump comes without piling on more debt. Just like rainy day savings.
The problem is that every time we get a budget surplus we spend it, mostly by cutting taxes but also increased spending on other things. Then when the slump comes there’s no money, so we go deeper in debt to stimulate.
The balanced budget amendment proposal is stupid for this reason. Budgets should be balanced over the business cycle, not arbitrary dates.
ParticipantThe will was very clear, but the one guy is claiming he wasn’t mentally all there at the time it was made.
ParticipantThanks, svelte. I never went away, just don’t post much anymore.
And thanks to urban for the info. I don’t think the plaintiff knows that the property is in default since the two aren’t on speaking terms and no NOD has been filed. Maybe I should encourage the two to drop the suit in light that the bank will end up with the property regardless.
ParticipantThose are all in NZD. One problem you’ll face when browsing for properties is most are sold by auction so they don’t have asking prices.
ParticipantThose are all in NZD. One problem you’ll face when browsing for properties is most are sold by auction so they don’t have asking prices.
ParticipantThose are all in NZD. One problem you’ll face when browsing for properties is most are sold by auction so they don’t have asking prices.
ParticipantThose are all in NZD. One problem you’ll face when browsing for properties is most are sold by auction so they don’t have asking prices.
ParticipantThose are all in NZD. One problem you’ll face when browsing for properties is most are sold by auction so they don’t have asking prices.
ParticipantI’ve thought about doing this too. I lived there for a couple years and loved it. There is so much coastline and so few people that oceanfront/oceanview properties can be reasonably affordable. Couple that with pleasant weather and it’s tough to beat.
The NZ govt doesn’t have many restrictions on foreign ownership, but banks there won’t lend money on a property owned by a foreigner. So you’d have to pay cash, or get residency status, or find a lender here in the States that would work with you.
I do my daydreaming on
http://www.realestate.co.nz/
You can get condos in Auckland that cash flow. I’m not too familiar with vacation rental economics.Properties there didn’t go down much in price during the global economic storm and the NZ dollar is pretty strong right now, so bargains are hard to find at the moment. In fact the govt there is worried about how high prices are affecting young people- for example see
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10733891The recent earthquakes that destroyed Christchurch haven’t helped affordability either
ParticipantI’ve thought about doing this too. I lived there for a couple years and loved it. There is so much coastline and so few people that oceanfront/oceanview properties can be reasonably affordable. Couple that with pleasant weather and it’s tough to beat.
The NZ govt doesn’t have many restrictions on foreign ownership, but banks there won’t lend money on a property owned by a foreigner. So you’d have to pay cash, or get residency status, or find a lender here in the States that would work with you.
I do my daydreaming on
http://www.realestate.co.nz/
You can get condos in Auckland that cash flow. I’m not too familiar with vacation rental economics.Properties there didn’t go down much in price during the global economic storm and the NZ dollar is pretty strong right now, so bargains are hard to find at the moment. In fact the govt there is worried about how high prices are affecting young people- for example see
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10733891The recent earthquakes that destroyed Christchurch haven’t helped affordability either
ParticipantI’ve thought about doing this too. I lived there for a couple years and loved it. There is so much coastline and so few people that oceanfront/oceanview properties can be reasonably affordable. Couple that with pleasant weather and it’s tough to beat.
The NZ govt doesn’t have many restrictions on foreign ownership, but banks there won’t lend money on a property owned by a foreigner. So you’d have to pay cash, or get residency status, or find a lender here in the States that would work with you.
I do my daydreaming on
http://www.realestate.co.nz/
You can get condos in Auckland that cash flow. I’m not too familiar with vacation rental economics.Properties there didn’t go down much in price during the global economic storm and the NZ dollar is pretty strong right now, so bargains are hard to find at the moment. In fact the govt there is worried about how high prices are affecting young people- for example see
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10733891The recent earthquakes that destroyed Christchurch haven’t helped affordability either
ParticipantI’ve thought about doing this too. I lived there for a couple years and loved it. There is so much coastline and so few people that oceanfront/oceanview properties can be reasonably affordable. Couple that with pleasant weather and it’s tough to beat.
The NZ govt doesn’t have many restrictions on foreign ownership, but banks there won’t lend money on a property owned by a foreigner. So you’d have to pay cash, or get residency status, or find a lender here in the States that would work with you.
I do my daydreaming on
http://www.realestate.co.nz/
You can get condos in Auckland that cash flow. I’m not too familiar with vacation rental economics.Properties there didn’t go down much in price during the global economic storm and the NZ dollar is pretty strong right now, so bargains are hard to find at the moment. In fact the govt there is worried about how high prices are affecting young people- for example see
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10733891The recent earthquakes that destroyed Christchurch haven’t helped affordability either
ParticipantI’ve thought about doing this too. I lived there for a couple years and loved it. There is so much coastline and so few people that oceanfront/oceanview properties can be reasonably affordable. Couple that with pleasant weather and it’s tough to beat.
The NZ govt doesn’t have many restrictions on foreign ownership, but banks there won’t lend money on a property owned by a foreigner. So you’d have to pay cash, or get residency status, or find a lender here in the States that would work with you.
I do my daydreaming on
http://www.realestate.co.nz/
You can get condos in Auckland that cash flow. I’m not too familiar with vacation rental economics.Properties there didn’t go down much in price during the global economic storm and the NZ dollar is pretty strong right now, so bargains are hard to find at the moment. In fact the govt there is worried about how high prices are affecting young people- for example see
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10733891The recent earthquakes that destroyed Christchurch haven’t helped affordability either
ParticipantIf you get a loan from family make sure you record the note down at the county office. In the event of a bankruptcy, other creditors may attempt to go after the money you’ve paid your inlaws if the loan isn’t thoroughly documented. I have no firsthand knowledge of this but heard it from a RE attorney in the past.
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