'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. 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.


Friday, February 10, 2012

Pike River Coal Mine Disaster: The cost of public administration

Share |
The Pike River coal mine disaster highlights why you cannot rely on government to be engaged in operating or executive roles. There are several problems:
1. They are idiots - they do not know about life. Their entire thought process is antithetical to critical thinking. They are modern-day serfs; not suited to regulation or monitoring under the current system of govt.
2. They have a conflict of interest - The Pike River Mine was owned by the operating & marketing company Pike River Coal. This company was listed in Australia and NZ; but in reality the company was not so independent. It was substantially owned by Solid Energy; a 100% government owned enterprise. You can imagine how little compliance or accountability will result when you have two idiots talking to each other.

In the context of this case - a disaster was imminent:
1. The lack of public oversight
2. The gassy coals
3. The lack of UG mine experience
4. The recruitment of poor staff - those that couldn't get a job in Australia for 2x the wage.

Read this article. The problem here is public adminstration under representative democracy - it does not matter whether it was a Labour Party or National Party government. i.e. Labour cut coal mining inspectors; and National Party could equally care less.


'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. 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.


Japan Foreclosed Property 2015-2016 - Buy this 5th edition report!

Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.
You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.

Download Table of Contents here.