Posts by Sacha
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I somehow doubt the airport company or council approvers thought "let's inspire a debate"
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Depreciation makes sense and should be applied across the board.
For things that have short lives and single owners, perhaps. If a house lasts say 50-100 years before it needs replacing, then what would be an appropriate rate per year? And how will that help the owner of the asset at the time it needs replacing?
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In summary, rents are constrained by demand, so it will be property prices that move.
Demand is also a function of market expectations. It seems ours are being softened up so that the balance of fallout between tenants and landlords is shifted more towards tenants than a pure market might suggest.
Pretty similar to the shift in wealth-share from workers to business owners/investors over the last few decades. It has been more dramatic in this country than Australia, hence the large wage gap now.
Artificial housing markets have been a slight hedge against that for those who could get enough capital together for a deposit, but not necessarily enough to benefit from investing in our poorly-managed business markets or better still manage the risk by running or largely owning a company themselves (also often secured by banks against private housing).
The problem crossed party lines. I recall Cullen appealing to workers to moderate their wage increase demands, while I never heard him ask shareholders to do the same with their dividends, high by world standards. Telecom's ongoing 85% payout levels left us without a modern fibre network and taxpayers are now being asked to subsidise one, just as we did with rural networks through PROBE.
Socialising losses and privatising profit remains a tempting answer for the unambitious.
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The people who will see the sign most are ground-level Wellingtonians, not air passengers (many of whom arrive and leave via the south anyway). It is located at the entrance to Welli's film industry enclave, so it's labelling that rather than the whole city.
Having said which, it does not seem to be finding much favour beyond the city's rather bland mayor.
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Been reading too much email
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Shirt missing
Got it
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the water isn't even coming out at full pressure
prostate troubles?
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someone still has to read a deal and hit the button
Not any more - auto trading in milliseconds. And that "remote control" is where latency comes in.
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I think I have a few brain cells to rub together
though probably fewer after last night, you jammy bugger
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*pointy-headed* zero-gravity trapeze artist on ecstasy
tee shirt