Great video as always Ed!! 🔥 Question/video idea - for people who utilise a flexible mortgage/offset account on their current mortgage and are looking to buy their first investment property, is it typically better to continue putting money into the offset account to or simply increase one's mortgage payments. Which would fast track the road to buying investment properties since I've heard both strategies help pay off your mortgage quicker, but what's more beneficial when property investing? (We have also booked a meeting with Opes next month to see how to begin our investment property journey 😊)
Saving and investing shouldn’t be the same thing. It’s just that there is no tool for saving these days due to rapid currency debasement. As such, the incentives in society combined with inflation dictate that only those with enough starting capital can “save” in the form of NZ property investment. This perverse incentive to purchase property driven by the fact people cannot save means property investment = playing the wealth game right, with deleterious consequences on availability of shelter, society at large via inequality, and using housing not for utility value but for monetary properties. Sure, this might make you wealthy as an asset holder, benefiting from liquidity diced property inflation. However there is not as much upside in property now due to the highest interest rates in decades and people realising pumping property is a ponzi. Unfortunately the NZ economy is almost entirely property based. The banks own property and the younger generations pay rent.
![New vs Existing - Which is the best investment? [2024]](http://i.ytimg.com/vi/iuiuXMINylg/mqdefault.jpg)
Great contents (as usual) thanks
Helpful video Cheers. Would love to know what your plan would be to getting first investment house after coming out of Uni.
Depends on your situation. You'll need to give more information about your current living situation.
Great video as always Ed!! 🔥
Question/video idea - for people who utilise a flexible mortgage/offset account on their current mortgage and are looking to buy their first investment property, is it typically better to continue putting money into the offset account to or simply increase one's mortgage payments.
Which would fast track the road to buying investment properties since I've heard both strategies help pay off your mortgage quicker, but what's more beneficial when property investing?
(We have also booked a meeting with Opes next month to see how to begin our investment property journey 😊)
Hello from Kiwi land…
Saving and investing shouldn’t be the same thing. It’s just that there is no tool for saving these days due to rapid currency debasement. As such, the incentives in society combined with inflation dictate that only those with enough starting capital can “save” in the form of NZ property investment. This perverse incentive to purchase property driven by the fact people cannot save means property investment = playing the wealth game right, with deleterious consequences on availability of shelter, society at large via inequality, and using housing not for utility value but for monetary properties.
Sure, this might make you wealthy as an asset holder, benefiting from liquidity diced property inflation. However there is not as much upside in property now due to the highest interest rates in decades and people realising pumping property is a ponzi.
Unfortunately the NZ economy is almost entirely property based. The banks own property and the younger generations pay rent.