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Public Address
Since: Nov 2006
Posts: 1651
OnPoint: We hold these truths to be self-evident
... that setting $1.3 billion on fire would be harmful to the economy and the environment.
Lead story on the Herald web site in 3 . . . 2 . . .
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Angus Robertson
From: Auckland
Since: May 2007
Posts: 610
Quantative tightening by means of pyromaina?
Quantative tightening by means of pyromaina?
Let's pour some kerosene on the embers, baby...
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Martin Lindberg
From: Grey Lynn
Since: Jul 2009
Posts: 69
Come on! Who reads footnotes? If it was important they would have put it in the main text.
(P.S dose --> douse)
$1.3bn is 26,500 houses at $500k a pop. If we set them on fire wouldn't that:
A) Lift house prices due to the diminished stock
B) Increase rent due to higher accommodation demand
Thus increasing capital gains and rental yield for landlords.
So they don't need to set the cash on fire. They'll get it back from the insurance anyway.
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Pete Sime
From: Wellington
Since: Apr 2008
Posts: 29
It was a dark day when KLF burnt a million pounds (wiki)
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Keir Leslie
Since: Jul 2008
Posts: 488
So they don't need to set the cash on fire. They'll get it back from the insurance anyway.
Famously, property damaging fires are countercyclic.
Most houses in NZ would be too damp to burn.
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Craig Ranapia
From: North Shore, Auckland
Since: Nov 2006
Posts: 7159
Our analysis looks at these policy suggestions in isolation and not in the context of potentially offsetting policies.
Oh... well, I hope it's printed on soft, absorbent paper because a paper cut on your ring is not pleasant.
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Alien Lizard (anag)
From: The Arrrgh Complex
Since: Jan 2010
Posts: 158
Arthur Brown - putting the Ash in Cash
...a paper cut on your ring is not pleasant
nor is a paper burn
putting the Cash in Ash - That Man In Black
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Sacha
From: Ak
Since: May 2008
Posts: 5307
I feel almost compelled to link to a vindaloo recipe. Almost.
It was a dark day when KLF burnt a million pounds (wiki)
Wo-ah.
"Intellectual dry-wank", yes. But full points for commitment.
I feel almost compelled to link to a vindaloo recipe. Almost.
Ah, the one with more Loo than Vinda?.
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