Patrick Boyle
speaker
346 appearances
1 recordings
1 series
first heard Jul 2026
last heard 13 Jul
Patrick Boyle’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
It's, you know, we can't live in a world... There's a lot of scaremongering even, you know, where you see people out there and they say, well, no one will ever own homes again.
They'll all be owned by billionaires and blah, blah, blah.
And it's like, well...
Even if billionaires own them, they have to rent them out, and they have to rent them out at a price that we can afford.
And if they overpaid for them and are renting them out at a low price, they're losing money on that.
So, you know, if you're buying an asset at an all-time high and it seems really unaffordable to a regular person like you, it might mean that that's not a great investment.
Yeah, if it suddenly boomed because a very profitable business opened down the road or something like that.
But yeah, there's no reason to think that a regular person's house should explode in value, that it should go up, you know, like the stock market does.
You know, the stock market is companies who are, you know, making and selling goods at a markup.
Your home is just sitting there.
And in fact, it needs a roof repair every once in a while and new siding and, you know, the kitchen wears out.
Also, if you just look at a long-term return on housing versus the stock market, housing grossly underperforms the stock market.
Like, it's not the best pay.
I understand the emotional urge to own the place you live, but...
An emotional urge is different to an investment decision, you know, and the investment decision is, you know, is this going to go up at a higher rate or with a lower risk than other assets I can invest in?
It's so interesting, though, because even, you know, we've seen in New Zealand there's been a fall in house prices.
And even in the United States, home affordability has collapsed in recent years, even though house prices haven't gone up that much.
But because, you know, a few years ago you could borrow at, you know, under 3% to buy a home, and then when it goes up to, you know, 7% or something like that to buy the same home, the same cash flow does not buy that home.
home at that price.
Like, it's almost like the house price is up, you know, 60, 70%, or at least the cost of funding the purchase is up a lot.
Showing 301–320 of 346 · page 16 of 18
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