Hi Guys

Mini
Napier’s earthquake was in early February 1931. It killed about 251 people. Alot of land rose up and half of Napier is now built on it. I’ve got three properties built on the land.
Prices have gone sky high in Napier. I had one of my properties valued last month at $173000. I found out yesterday that the house across the road from mine sold for $265000 also last month.

Rentmaster
Good point made about the snakes but there are a few spiders imported from Australia that can give a nasty bite.
The last earthquake to actually kill anyone was the Inangahua quake in about 1967 which killed three people mainly by rocks falling off hills.

To Aussie investors
Here is a quote from Dolf de Roos’s book Real Estate Riches p/157
“Imagine I told you that there was a Western country where there was no capital gains tax, no estate duties or death duties, no wealth tax, no transfer tax or stamp duty, unlimitied deductibilty of losses(paper or real) in one enterprise against profits in another, no limit to the amount of mortgage interest you can deduct against income, and generous depreciation rates based on purchase price and not written-down book values as passed on from owner to owner.
What if I went on to say that capital growth in this country had averaged 10% per annum for the last 100yrs, that there was a stable political environment, and that the country in question was an extremely desirable place to live. Would you think of going there to invest?
Such a country exists! It is New Zealand.”

Well there you have it. He doesn’t mention the fact that NZ is one of the more windier countries in the world. The fact that it can get very cold. The fact that we have very good skiing and the best trout fishing in the world. And that we do have earthquakes. Too bad.
However the author lives in the USA but he will be in NZ to run a seminar in the near future.

Regards

ps Gee Min my posts are getting as nearly as long as yours.

Hi Guys

Grandaughter born last night at about 9pm.
8lb 14oz. I think all are well.
Name is Kahukura meaning red cloak.

Regards

Hi Guys
Watch out for notices and signs. These were spotted ut and aound.

Spotted in the restroom of an office
Toilet out of order-please use floor below.

In a laundromat.
Automaic washing machines: please remove all your clothes when the light goes out.

In a department store.
Bargain basement upstairs.

In an office.
Will the person who took the stepladder yesterday please bring it back or further steps will be taken.

In an office.
After the tea break staff should empty the teapot and stand upside down on the draining board.

Notice in a field.
The farmer allows walkers to cross the field for free, but the bull charges

At a poultry farm.
Eggs drive in.

Go the Warriors
Regards.

Hi Guys

Heard a joke at golf today.

A 9 yr old boy was pestering his parents for his own TV set that he could have in his room.
Eventually dad bought one from the shop and it was set up in the son’s bedroom.

A few days later son came out to the lounge and asked dad what “love juice” was. Mum freaked out and dad said, “well it’s about time I told you about the birds and the bees.”
So son sits down and dad starts to tell him about the birds and the bees.

An hour later the son who by this time has very glazed eyes, is asked by dad, “what is the name of the program are you watching?”
Son replies, “Wimbledon Tennis.”

No comment on the golf please.

Regards

Hi Aussierogue

How about Siobahn. It is an old Irish name.

Grand daughter not born yet. Should be this weekend.

Regards

Hi Guys
One for Westan:
If the NZ World Cup Netball team is a bunch of scrubbers, what is the Aussie Netball team then?

Here are the Lotto numbers for tomorrow night’s $17,000,000 jackpot… 3,7,11,21,29,35 with the Powerball being 5.

Oh I wish….

Talking about blonde jokes.
There were two blondes walking through the bush one day when they came across some tracks in the ground.
“Oh look,” said the first blonde, “there are some moose tracks.”
“Nah,” said the second blonde, “they are goat tracks.”
Then along came a train.

Regards

ps I hope these postings are not being counted towards our stars.

Hi Guys

In reply to MichaelR I found this in one of my books-“Property Tax in New Zealand” written by Mark Withers.2002.

He states, “That for the investor, there is a signficant difference with regard to GST for those investing in residential property and those investing in commercial property.

Under the GST Act, residential rental property investment is an exempt activity for GST. This means that the investor will not be GST registered and effectively can ignore the effects of GST. However, the investor will be paying GST on costs incurred associated with his residential property investments.

For example, a property manager will charge GST on top of his 7.5% fee, and because the investor is unregistered for GST, he is unable to claim back the GST that he has been charged. However, as the GST represents a real cost o the investor it is claimed in his income tax return as part of the management expense.

With regard to commercial property, the threshold for GST registration is where the total rental income exceeds $40,000 as stated in the GST Act.p/47

With regard to traders in property, GST is a major and significant issue that must be fully understood.”p/48

I won’t go any further except to say that the residential buy and hold person is not liable for GST or income tax on the capital appreciation in the value of his investments.
I hope this may clear up any misconceptions

Regards

Hi Westan

Sorry I’ve taken so long to answer your last post, Westan. I’ve had the kids on Mt Ruapehu, skiing. Weather was scattered sunshine. The top of the mountain was off limits due to a very strong south easterly. However the children aren’t championship skiers so being in Happy Valley was enough for them. Everyone is burnt and tired.

Thank you for awarding the prize to me. I would also like to thank all those of you who entered into the fun of this posting.

I see you have brought up 300 postings, well done.
(but you still have 3 stars)

Are any others having trouble accessing posts?

Regards

Hi Guys

Now I remember what the other thing was I had forgotten in an earlier post higher up the list…and Westan it isn’t ants or snakes or cockroaches or great white sharks or what ever…..it is that there is no GST payable on residential property sales in NZ.

Regards

Hi Westan

Can you video Steve tomorrow nite and bring it with you when you come over please?

I’m interested in seeing what everyone is talking about.

Regards