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| Thread ID: 112182 | 2010-08-26 22:35:00 | Alan Hubbard | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1132076 | 2010-08-28 23:17:00 | By the way we have just been told by the patent office that they are going to grant us our patent - yeah ! Awesome, Now you just need to get desk manufacturers to incorporate them into their units at the design stage and you will be billionaires. |
Metla (12) | ||
| 1132077 | 2010-08-28 23:31:00 | Awesome, Now you just need to get desk manufacturers to incorporate them into their units at the design stage and you will be billionaires. Remember he said he would look after us,so we all be millionaires. He can be our billionaire. |
Cicero (40) | ||
| 1132078 | 2010-08-29 03:41:00 | I have worked damned hard for what I have and I too have invested but I put my hard earned in my house and the investment has been very lucrative and safe . When I bought my house in 1977 in cost nine years' wages . I sold it this year for thirteen years' wages . Not only has it kept up with inflation but it has increased in value . I have purchased another house nearby for eight years' wages and I plan to spend much of the remainder over the next decade or so - having fun . I think that is a very good return - much better than anything else I have heard of and no-one else to blame but myself . Roscoe, a lot of people have worked damned hard! Greed seems to be the main trouble: Share market in the 80's then it's crash in 1987, bank lending at fault . House prices, one does notice house valuations rose 129% over 6 years in the period 2001-2007, 21% pa, again money toooo easy to get with 100% mortgages . When I first took out Bonus Bonds with the Post Bank, the money was supposed to lent out at cheaper mortgage rates to 1st home buyers' but that didn't last long, with ANZ take-over . Economy still has a long way to go . Lurking . |
Lurking (218) | ||
| 1132079 | 2010-08-29 05:24:00 | Its all very complicated. Its great that people have bought their own house, or a couple, but they have gone up far too much over the last 10 years or so, caused by Alan Greenspan etc keeping interest rates low in the USA so that people lent money to NZers to buy houses. What we (ie NZ needs) is investment in the productive sector. Unfotunalety our financial sector has been run by cowboys over the last 30 years or so and no one trusts it. House prices may keep going down for a few years as there needs to be a balance between what they cost - land and materials etc, supply and demand, and population growth (or lack of) and affordability - the amount a person or couple need to earn a year to make the payments, or pay rent etc. |
Digby (677) | ||
| 1132080 | 2010-08-29 05:25:00 | And PCtek. You should have sold Alan Hubbard a computer. It looks like he needed one. |
Digby (677) | ||
| 1132081 | 2010-08-29 08:18:00 | I'm so glad we just paid off the mortgage and don't owe anyone anything anymore | gary67 (56) | ||
| 1132082 | 2010-08-29 21:50:00 | And PCtek. You should have sold Alan Hubbard a computer. It looks like he needed one. We don't want any of that lateral thinking round here,thank you. |
Cicero (40) | ||
| 1132083 | 2010-08-31 02:35:00 | Just because Hubbard is stupid and incompetent does not make him a criminal. Who else lends money to businesses and pays the interest for them. Then this same person blames the government. Where have I heard that before. But its ok the taxpayer will pay the bill. |
bobnzer (15961) | ||
| 1132084 | 2010-08-31 02:36:00 | An update:- tvnz.co.nz The Govt seems to have magically found $1.6 billion dollars from somewhere. Do not expect the tax payers to be really happy. |
Snorkbox (15764) | ||
| 1132085 | 2010-08-31 02:39:00 | Also New Zealand needs a mortgage market like the US. In the US they can just walk away from their mortgage and not owe any money. Everyone in NZ with negative equity could then just send the bill to the government. | bobnzer (15961) | ||
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