ive just been reading page one of this thread and i watched the 60 minutes piece House of Cards and thought I'd share a bit of what I have read and interpreted about the sub prime crisis. There are obviously multiple factors at play, but this is as i understand it.Predatory Lending, an illegal practice in the states, was used to effectively con…[Read more]

just on the oil debate, and it is a complex one with plenty of factors to considerbut i agree with scamp. oil isnt exactly in short supply, there's plenty of it.the US hasnt even exhausted its domestic supply while Venezuela and Canada supply the US with as much if not more than the arab states- and they have plenty of reserves albeit in harder to…[Read more]

gdayi lived in nz for 3 years and kept an investment property in sydneygood news is you can claim your Oz property in both countries. You get tax credits in Australia (assuming you are neg gearing), and payments on Oz prop bring your NZ taxable income down. There is a witholding tax though but in my limited experience and knowledge i think it…[Read more]

i dont know too much about the market but i lived in nz for the past 3 years and recently moved overseasi sold my house in there in october of last year, in a suburb called Kohimarama.ive since moved overseas.i really thought id sold it too cheaply in the mid 600's, however a mate of mine sent me this not long…[Read more]