'Buying NZ Property – Download the free sample readings!

The NZ property market is shaping up as one of the most attractive property investment markets for the next few years. High yielding property and the collapse of the NZD make NZ the perfect counter-cyclical investment if you buy right! In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now! New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.

Monday, October 17, 2011

How rich people waste their money

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Does NZ have the spare cash to throw around? Can't its millionaires find a more practical project to advancing science or achievement.
Take this recent announcement in the NZ Herald. Some Wellington property developer wants to build the fastest vehicle in the world - faster than the one already going 1200kmph, and yet still finding no practical application. Why do we need another vehicle going even faster if we cannot buy a 1200kmph vehicle? The chalenge is not speed; its unlikely efficiency, as I'm quite sure there is a market for any such craft, even if its only a tycoon's play thing.
Winning the World Cup Rugby will likely make NZ'ers feel proud; but will it make a difference to their lives? Was it their achievement? No? Will it give them greater courage to be an achiever? Not really? They should be able to make any achiever a role model, so the All Blacks are likely only inspiration for other rugby players.
I discourage people from funding such a project. Maybe the crew ought to actually pursue greater advancements than a mere speed increase; and besides the 'cashed up' Aussies are already have a year up on us, since they have similar plans. See Australian land speed record.
What would be a real advancement would be a jet-propelled boat that is sized to ride over waves at those types of speeds without actually touching them. I have no idea if it can actually be done; but that would be a practical application because we really have no need for land-based jet craft; unless we are going to stick them in tunnels. This would actually make sense in NZ - given its elongated shape. The problem of course is that it would be a pretty low-capacity and expensive infrastructure to develop because only one craft could use a segment of it at one time, and it would have to be >500km long in order to offer benefits. No, I suspect aviation is the proper place for speed records; not the confines of tunnels, nor the 'perfect land conditions' of some salt lake in Nevada. This is just a waste of money.

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'Buying NZ Property – Download the free sample readings!

The NZ property market is shaping up as one of the most attractive property investment markets for the next few years. High yielding property and the collapse of the NZD make NZ the perfect counter-cyclical investment if you buy right! In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now! New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.