Your SlideShare is downloading. ×
Interest.co.nz submission to Parliamentary Inquiry Sept2
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Interest.co.nz submission to Parliamentary Inquiry Sept2

484
views

Published on


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
484
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled. NZ$200k home loan 10% = NZ$384 week 6% = NZ$230week = NZ$150/week NZ$100k savings NZ$135/week = NZ$60 week
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Numbers at end of 2007. Net worth tripled since 1997. House value tripled since 1997. Mortgages tripled. Shares doubled.
  • Transcript

    • 1. Submission to Multi-Party Inquiry into Banking by interest.co.nz
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 2. Why the problem is not bank profiteering. The problem is New Zealand’s structural settings favouring housing investment.
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 3. Who are we to say this?
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 4. NZers care an awful lot about interest rates
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 5. Obviously banks are profiteering…right?
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 6. That’s a big gap. They must be creaming it.
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 7. Wholesale funding costs are up 100 bps
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 8. Local funding costs are up 150 basis points
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 9. Bank net interest margins actually fell
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 10. And they’ve been falling for a long while
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 11. The bias to farm and housing lending worsened in 2009
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 12. And the connection is a foreign debt blowout
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 13. Who in this room has an LAQC or family trust?
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 14. Ever wonder what a loss of sovereignty might look like?
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 15. Reserve Bank Governor
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 16. Bank regulator
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 17. Currency
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 18. So what do we do?
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
      • Flatter, simpler tax system
      • 19. More productive investment
      • 20. Less property speculation
      • 21. Land tax or Capital Gains Tax
      • 22. GST on mortgages/rents?
      • 23. Use capital adequacy rules
      • 24. Bigger capital ‘top-ups’
    • And give this man a knighthood
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009
    • 25. Thank you for your time
      Parliamentary Banking Inquiry- Wellington - Sept 2, 2009