It came about from the accident of history that was the 1987 Crash which turned a lot of people off shares for life.
I don't think so, have you ever tried borrowing money from the bank to buy shares like you can property?
This property bubble won't burst until interest rates go up.
While baby boomers with enough equity in their own homes can borrow $1million at a cost of ~$40k per annum it will continue.
While the Reserve Bank has a target inflation range between 1-3% set by the government you will continue to see low interest rates for the foreseeable future.
My tongue was in my cheek David, your idea isn't a bad one.
Certainly with the NZ relatively short 3 year terms it has merit, personally I'd be keen for longer terms in NZ (4 years) which under your system would potentially see 14 year olds voting.
Conversely, if you're not expected to live to the end of next term, remove the ability to vote?
Or, how about age weighting your vote by your remaining life expectancy?
If it's the younger people who are less likely to vote, won't lowering the voting age just decrease voter turnout (overall) anyway?
Is it true that Phase II of Nelson St cycleway from Union to Victoria St is estimated to cost $13.9 million?
They could just use the lovely Auckland clay that people are digging out to build garages and pools on their properties to cap the landfill on the northern side and save some $ ;-)
Meola Rd has variously allowed and dis-allowed parking over the years, the trouble is there are well patronised amenities there all within close proximity that just don't have enough off street parking to cope.
Last Sunday was one of the worst I have seen in 20 years on Meola Rd, there was a football tournament at Seddon fields, the Military Open Day at MOTAT II and the dog walking park all within about 400 metres. On the southern side of course the Zoo and Western Springs lakeside and MOTAT I.
It's great the facilities are being utilised and locals may benefit from cycle lanes but these amenities are used by people from all over Auckland and NZ who, like it or not, travel to them in large numbers by car.
Yes, well, the Central Interceptor is supposed to provide some of the answer, but there was some debate about whether Meola Creek would be made better or worse by that $800 million dollar project and still about 10 years away from completion.
I don't think Coxs Bay is in the catchment of the Central Interceptor either, nor the houses on the Westmere peninsular overlooking Meola Reef. They still have the 90 year old combined sewerage and stormwater drains that overflow directly into the sea. Although a large number of them that have been renovated in the last 10-12 years will have been forced to add stormwater rentention tanks as part of the consenting process.
I do feel for the various community groups that have the periodic working bees to clean up Meola Creek and Coxs Bay, they really are fighting a never ending battle until the root cause is addressed.
Possibly, but that area used to be a refuse tip/landfill, so that is more likely.
The other side of the road has been at least partially remediated by capping with clay about 12 years ago
I wouldn't mind shares in Madison Recruitment either.
The software development industry uses open source software all the time at small scale, with great success. Don’t make the mistake of thinking you can build larger projects on its back.
I misinterpreted this?