1 00:00:00,720 --> 00:00:04,240 Speaker 1: The Huddle with New Zealand Southeby's International Realty Find. You're 2 00:00:04,360 --> 00:00:05,000 Speaker 1: one of a kid. 3 00:00:05,440 --> 00:00:07,160 Speaker 2: I've got to get you an update on some Trump 4 00:00:07,160 --> 00:00:09,120 Speaker 2: related matters. But first of all, let's do the huddle. 5 00:00:09,160 --> 00:00:12,280 Speaker 2: We've got Thomas Scrimer of Maximum Institute and Nick Leaget 6 00:00:12,360 --> 00:00:14,280 Speaker 2: of Infrastructure New Zealand. Hello you guys. 7 00:00:15,080 --> 00:00:16,040 Speaker 3: Hello Nick. 8 00:00:16,120 --> 00:00:17,360 Speaker 2: You've got a lot of kids, haven't you. 9 00:00:18,600 --> 00:00:21,040 Speaker 3: Well, yeah, more than you. How many of you got 10 00:00:21,200 --> 00:00:27,880 Speaker 3: got four? And it's an interesting conversation, this isn't it 11 00:00:27,920 --> 00:00:31,080 Speaker 3: because it's actually I think the reason people don't have 12 00:00:31,200 --> 00:00:34,080 Speaker 3: kids is because they start later and often like we're 13 00:00:34,120 --> 00:00:36,080 Speaker 3: selfish with our time. I mean, we've got four, so 14 00:00:36,120 --> 00:00:38,640 Speaker 3: we're busy. But I can really understand people go, well, 15 00:00:38,640 --> 00:00:41,000 Speaker 3: I only want to because they're easy to carry around 16 00:00:41,000 --> 00:00:42,519 Speaker 3: and I can still have a bit of a life. 17 00:00:42,800 --> 00:00:45,320 Speaker 3: So I think those are the sort of first world 18 00:00:45,440 --> 00:00:50,160 Speaker 3: kind of choices. But what we're looking at is massive population. 19 00:00:50,000 --> 00:00:51,640 Speaker 2: Before we get there. Before we get there, I'm not 20 00:00:51,680 --> 00:00:55,160 Speaker 2: finished talking about you. Does your wife work? 21 00:00:57,080 --> 00:00:59,520 Speaker 3: She works very part time? 22 00:01:00,120 --> 00:01:01,200 Speaker 2: And how old has she's going to? 23 00:01:01,280 --> 00:01:02,920 Speaker 3: Just gone back to that? Three? 24 00:01:03,520 --> 00:01:07,240 Speaker 2: Okay, yeah, okay, So it kind of kind of lends 25 00:01:07,280 --> 00:01:09,039 Speaker 2: to my theory because I think what is going on 26 00:01:09,160 --> 00:01:12,600 Speaker 2: Nick is not actually so much a financial problem. I 27 00:01:12,600 --> 00:01:15,520 Speaker 2: think that and Paul kind of agreed with that. I 28 00:01:15,600 --> 00:01:18,840 Speaker 2: actually think that the problem here is women trying to 29 00:01:18,959 --> 00:01:22,520 Speaker 2: work while having babies is just too bloody hard, and 30 00:01:22,560 --> 00:01:24,440 Speaker 2: so as a result, they limit the number of children. 31 00:01:24,480 --> 00:01:26,680 Speaker 2: And your wife came out of the workforce, had for 32 00:01:26,840 --> 00:01:28,880 Speaker 2: and now is going back. Would you agree with my theory? 33 00:01:29,959 --> 00:01:31,959 Speaker 3: I think there's a lot to that. Yeah. Absolutely. 34 00:01:32,120 --> 00:01:33,560 Speaker 2: Now carry on with what you were going to say 35 00:01:33,600 --> 00:01:35,640 Speaker 2: about demography and economics. 36 00:01:35,240 --> 00:01:38,600 Speaker 3: Well, I mean what we think about countries like China. 37 00:01:38,640 --> 00:01:40,400 Speaker 3: You know, it's projected that China is going to have 38 00:01:41,240 --> 00:01:45,520 Speaker 3: a massive population drop, and so it's not just you know, 39 00:01:45,800 --> 00:01:49,120 Speaker 3: thinking about ourselves, thinking about our trading partners. It's thinking 40 00:01:49,240 --> 00:01:52,120 Speaker 3: that this is going to be a worldwide trend. The 41 00:01:52,200 --> 00:01:56,800 Speaker 3: question is, what, if anything, can we actually do about it. Obviously, 42 00:01:56,960 --> 00:02:01,160 Speaker 3: being in the infrastructure sector, you know you plan to 43 00:02:01,280 --> 00:02:06,520 Speaker 3: build infrastructure that meets growing population needs. And when the 44 00:02:06,560 --> 00:02:09,800 Speaker 3: population isn't going to grow or it's it's going to 45 00:02:09,840 --> 00:02:13,119 Speaker 3: evolve differently, you have to start asking some long term 46 00:02:13,200 --> 00:02:15,440 Speaker 3: questions about where you plan to put your money in 47 00:02:15,480 --> 00:02:16,160 Speaker 3: your investments. 48 00:02:16,600 --> 00:02:18,720 Speaker 2: Thomas. I agree with Nick, and I think we just 49 00:02:18,760 --> 00:02:20,880 Speaker 2: need to accept that this is what the world is like. 50 00:02:20,919 --> 00:02:23,920 Speaker 2: This is what the Western world even will bring in migrants. 51 00:02:23,960 --> 00:02:25,880 Speaker 2: They will simply start to live like we do as 52 00:02:25,880 --> 00:02:28,200 Speaker 2: they become wealthier and more selfish like us. And I 53 00:02:28,200 --> 00:02:30,680 Speaker 2: think we just need to reorganize our economies to cope 54 00:02:30,720 --> 00:02:32,280 Speaker 2: with the fact that we're just not going to keep 55 00:02:32,280 --> 00:02:34,000 Speaker 2: replacing ourselves. Fair or no. 56 00:02:35,320 --> 00:02:37,880 Speaker 4: Well, I think it's a reasonably good prediction about what 57 00:02:38,000 --> 00:02:40,000 Speaker 4: is likely to happen. I don't know that we should 58 00:02:40,040 --> 00:02:43,040 Speaker 4: be complacent or enthusiastic about that. I mean, I don't 59 00:02:43,040 --> 00:02:45,560 Speaker 4: know about you, Heather, but many of my favorite people 60 00:02:45,680 --> 00:02:46,640 Speaker 4: were babies once. 61 00:02:46,960 --> 00:02:47,840 Speaker 5: Humans are good. 62 00:02:48,280 --> 00:02:51,520 Speaker 4: This is this is a cultural challenge we have where 63 00:02:51,520 --> 00:02:55,440 Speaker 4: we've so often talked about family and kids in negative ways, 64 00:02:55,760 --> 00:02:58,640 Speaker 4: whether it's in conversations about you know, humans effect on 65 00:02:58,680 --> 00:03:02,200 Speaker 4: the environment or just the sacrifice of time, as if. 66 00:03:02,160 --> 00:03:05,960 Speaker 5: Children are just a burden. Humans are great. I like humans. 67 00:03:06,160 --> 00:03:07,600 Speaker 5: I'd like to see more. 68 00:03:07,840 --> 00:03:10,680 Speaker 2: But we also have to stop having babies, Thomas, We can't. 69 00:03:10,760 --> 00:03:12,200 Speaker 5: I mean, there is why do we have to stop 70 00:03:12,240 --> 00:03:14,560 Speaker 5: having babies? Because I come from a long line of 71 00:03:14,600 --> 00:03:17,160 Speaker 5: people who had babies. This is how the world works 72 00:03:17,160 --> 00:03:18,880 Speaker 5: here though you know this, you're a mother. 73 00:03:18,960 --> 00:03:21,720 Speaker 2: You can't just the planet can only hold so many 74 00:03:21,720 --> 00:03:24,520 Speaker 2: of us. I don't think it's a bad at. 75 00:03:24,520 --> 00:03:26,399 Speaker 5: Risk of us having too many babies. 76 00:03:26,520 --> 00:03:29,480 Speaker 4: Like you say, we have this demographic collapse warning from 77 00:03:29,480 --> 00:03:32,240 Speaker 4: the UN who are the last people to realize this. 78 00:03:32,360 --> 00:03:36,760 Speaker 2: Only because economies like this, Thomas, we can totally stop 79 00:03:36,800 --> 00:03:39,200 Speaker 2: having that. We can. We can reach a plateau and 80 00:03:39,240 --> 00:03:41,240 Speaker 2: we can just pop along with five million if that's 81 00:03:41,280 --> 00:03:42,440 Speaker 2: what we want to Why. 82 00:03:42,240 --> 00:03:45,000 Speaker 5: Not, Well we can. 83 00:03:45,240 --> 00:03:47,800 Speaker 4: I just don't think it's good to view the world 84 00:03:47,800 --> 00:03:49,000 Speaker 4: in terms of decline. 85 00:03:49,200 --> 00:03:51,800 Speaker 5: Humans can go forward and grow and that's great. 86 00:03:52,040 --> 00:03:53,920 Speaker 2: You don't have any kids though, way, Thomas, you don't 87 00:03:53,960 --> 00:03:54,880 Speaker 2: have any kids, do you know? 88 00:03:55,120 --> 00:03:57,400 Speaker 4: But you know the family betting markets are out, but 89 00:03:57,520 --> 00:03:59,000 Speaker 4: I think I'm putting the money one of my sister 90 00:03:59,040 --> 00:04:02,520 Speaker 4: in laws actually, so don't want to Scales though. 91 00:04:03,000 --> 00:04:05,360 Speaker 2: Nick, I don't want to leave Thomas with the impression 92 00:04:05,360 --> 00:04:08,080 Speaker 2: that having children is negative. Isn't it a wonderful delight 93 00:04:08,160 --> 00:04:08,800 Speaker 2: to have children? 94 00:04:08,920 --> 00:04:11,640 Speaker 3: It's fantastic. I mean, you could do a whole huddle 95 00:04:11,760 --> 00:04:13,880 Speaker 3: on you know how great it is to have kids 96 00:04:13,920 --> 00:04:17,920 Speaker 3: and what a delight and the joy they are. But 97 00:04:18,800 --> 00:04:22,159 Speaker 3: I also reckon New Zealand should plan to grow. I 98 00:04:22,200 --> 00:04:25,200 Speaker 3: think we should have a strategy to grow because five 99 00:04:25,200 --> 00:04:28,520 Speaker 3: million people, it's okay, it's fine, but actually. 100 00:04:28,240 --> 00:04:30,360 Speaker 2: All migrants then, Nick, are you cool with that? 101 00:04:30,640 --> 00:04:33,120 Speaker 3: That's fine? Yeah, I am cool with that because we've 102 00:04:33,120 --> 00:04:35,680 Speaker 3: got to grow and we've got to grow our economy. 103 00:04:35,720 --> 00:04:38,080 Speaker 3: And you know, when you look at the impact the 104 00:04:38,120 --> 00:04:42,800 Speaker 3: positive impact that migrants have over time on innovation, on 105 00:04:43,120 --> 00:04:48,359 Speaker 3: starting businesses, on growing economies, it's really positive. And actually, 106 00:04:48,440 --> 00:04:51,080 Speaker 3: I want New Zealand to be welfare and I think 107 00:04:51,320 --> 00:04:53,800 Speaker 3: having more people living here, we've got to really plan 108 00:04:53,880 --> 00:04:56,240 Speaker 3: that and decide where and how we grow. I think 109 00:04:56,279 --> 00:04:58,960 Speaker 3: that's a good thing. So yeah, I'm I'm in favor 110 00:04:59,000 --> 00:04:59,200 Speaker 3: of it. 111 00:04:59,279 --> 00:05:01,239 Speaker 2: Yeah, I look, be honest, I don't mind us growing 112 00:05:01,240 --> 00:05:03,280 Speaker 2: ourselves a little bit. I think the others can stop 113 00:05:03,279 --> 00:05:04,800 Speaker 2: growing a wee bit. I will take a break, come 114 00:05:04,839 --> 00:05:05,560 Speaker 2: back shortly. 115 00:05:05,360 --> 00:05:09,920 Speaker 1: Story The Huddle with New Zealand Southeby's International Realty achieve 116 00:05:10,000 --> 00:05:12,400 Speaker 1: extraordinary results with unparallel reach. 117 00:05:12,640 --> 00:05:15,320 Speaker 2: Right, you're back with the Huddle Thomas Scrimger and Nick Legett. Now, Thomas, 118 00:05:15,320 --> 00:05:16,840 Speaker 2: what do you think of the wool carpets. 119 00:05:18,320 --> 00:05:20,320 Speaker 5: Oh well, I'm in two minds about it. 120 00:05:20,520 --> 00:05:23,320 Speaker 4: I heard what you were saying before about Robert Muldoon 121 00:05:23,440 --> 00:05:26,960 Speaker 4: coming back subsidizing industries, and I think that's a real concern. 122 00:05:27,600 --> 00:05:29,760 Speaker 4: And I would note that the farmers, whenever they're kind 123 00:05:29,800 --> 00:05:31,960 Speaker 4: of crying out for New Zealanders to buy New Zealand 124 00:05:31,960 --> 00:05:35,040 Speaker 4: made products, they're not buying New Zealand made tractors and 125 00:05:35,080 --> 00:05:37,120 Speaker 4: they're not buying New Zealand made fertilizer. 126 00:05:37,680 --> 00:05:38,960 Speaker 5: But here, though, I'm going to. 127 00:05:38,960 --> 00:05:42,520 Speaker 4: Annoy you, I'm gonna trust kaying Aura when they say 128 00:05:42,520 --> 00:05:45,560 Speaker 4: it's cost neutral. They're building something to own in the 129 00:05:45,600 --> 00:05:48,880 Speaker 4: long term, you know, lifetime cost they might come out 130 00:05:48,880 --> 00:05:51,080 Speaker 4: Even so, wool carpets are a good product. 131 00:05:50,760 --> 00:05:54,960 Speaker 2: Thomas, why would you trust ko on anything. 132 00:05:56,880 --> 00:05:58,839 Speaker 5: I'm an irrepressible optimist, you know. 133 00:05:59,000 --> 00:06:01,960 Speaker 4: English You into them, you know, and they had some 134 00:06:02,040 --> 00:06:04,960 Speaker 4: cost blowouts, but no one ever suggested their cost blowouts 135 00:06:05,000 --> 00:06:08,599 Speaker 4: were due to buying two higher quality products. The management 136 00:06:08,680 --> 00:06:10,920 Speaker 4: it was the cost of land. So if wall is 137 00:06:10,920 --> 00:06:13,000 Speaker 4: a good product and they're owning it for the next 138 00:06:13,040 --> 00:06:13,360 Speaker 4: I think. 139 00:06:13,320 --> 00:06:16,000 Speaker 2: You're trying to contort your mind into this. So because 140 00:06:16,040 --> 00:06:19,040 Speaker 2: you like the wool and remind me, remind me to 141 00:06:19,080 --> 00:06:21,640 Speaker 2: never trust you on anything to do with finances. Again. 142 00:06:21,680 --> 00:06:23,640 Speaker 2: If this is how gullible you are, Nick, what do 143 00:06:23,680 --> 00:06:24,119 Speaker 2: you think. 144 00:06:25,320 --> 00:06:31,880 Speaker 3: I have a real problem with political decrees driving what's 145 00:06:32,080 --> 00:06:35,280 Speaker 3: best where it comes to operational matters. It's how we 146 00:06:35,320 --> 00:06:39,719 Speaker 3: get ourselves into problems in this country. Look, once again, 147 00:06:39,839 --> 00:06:43,039 Speaker 3: I'll go back to infrastructure, because you know, do you 148 00:06:43,080 --> 00:06:47,480 Speaker 3: want politicians deciding where things go and how things are built? No, 149 00:06:47,600 --> 00:06:51,040 Speaker 3: you don't. You want politicians to set the broad agenda, 150 00:06:51,360 --> 00:06:53,680 Speaker 3: the themes, and you want them to tick off the money. 151 00:06:53,920 --> 00:06:56,279 Speaker 3: But actually you want experts to work in the middle. 152 00:06:56,320 --> 00:06:59,000 Speaker 3: And I just think that this stuff needs to be 153 00:06:59,160 --> 00:07:01,640 Speaker 3: about the judgment of people who know best, those who 154 00:07:02,600 --> 00:07:07,520 Speaker 3: build and then manage these properties, and understanding how tenants, 155 00:07:07,600 --> 00:07:12,080 Speaker 3: you know, how we're in Errika is. So I think 156 00:07:12,120 --> 00:07:14,400 Speaker 3: we should trust people. I think you know. And I 157 00:07:14,440 --> 00:07:18,200 Speaker 3: want to say, get politicians out of day to day 158 00:07:18,240 --> 00:07:21,480 Speaker 3: operations and directing proceedings. That's not what they're there for. 159 00:07:21,600 --> 00:07:24,679 Speaker 3: We need to get back to some traditional governance versus management. 160 00:07:25,120 --> 00:07:27,120 Speaker 2: Could not agree with you more, Thomas, Have you ever 161 00:07:27,160 --> 00:07:29,480 Speaker 2: tried to clean a wool carpet when somebody spills something 162 00:07:29,480 --> 00:07:29,800 Speaker 2: on it. 163 00:07:30,880 --> 00:07:31,760 Speaker 4: I have not, Heather. 164 00:07:32,120 --> 00:07:33,800 Speaker 2: I just want to say, it's not as easy as 165 00:07:33,840 --> 00:07:35,960 Speaker 2: cleaning a nylon carpet. And I don't know if you 166 00:07:36,040 --> 00:07:38,120 Speaker 2: know what the inside of State House sometimes looks like. 167 00:07:38,400 --> 00:07:39,840 Speaker 2: But a nylon carpet's a good thing. 168 00:07:40,080 --> 00:07:40,280 Speaker 5: Now. 169 00:07:40,360 --> 00:07:44,080 Speaker 2: Thomas thoughts on Neil Quigley and whether he should retain 170 00:07:44,160 --> 00:07:45,960 Speaker 2: his job after all the porkies he told. 171 00:07:47,640 --> 00:07:50,160 Speaker 4: And I think it's pretty precarious at the moment. Like 172 00:07:50,640 --> 00:07:54,320 Speaker 4: government always relies on trust, but the Reserve Bank especially 173 00:07:54,360 --> 00:07:57,400 Speaker 4: so when they do their announcements about interest rates and stuff, 174 00:07:57,480 --> 00:08:00,000 Speaker 4: they labor over the idea of here's where we think 175 00:08:00,200 --> 00:08:02,920 Speaker 4: we're going. You know you can trust us. And Neil 176 00:08:02,960 --> 00:08:10,040 Speaker 4: Quigley's description of how Adrian or departed, it's certainly an economic. 177 00:08:09,680 --> 00:08:10,960 Speaker 5: With the truth, shall we say? 178 00:08:11,960 --> 00:08:14,560 Speaker 4: But I think that the bigger question is, you know, 179 00:08:14,680 --> 00:08:18,480 Speaker 4: should Nicola Willis be considered should Nichola Willis consider inviting 180 00:08:18,560 --> 00:08:21,200 Speaker 4: Neil Quiggley to resign for personal reason? 181 00:08:21,320 --> 00:08:23,840 Speaker 5: Because you for personal it's. 182 00:08:23,720 --> 00:08:25,560 Speaker 2: Hard for her to fire and may like, I don't 183 00:08:25,560 --> 00:08:27,560 Speaker 2: think that this meets the threshold for her giving him 184 00:08:27,600 --> 00:08:28,360 Speaker 2: the sack? Does it? 185 00:08:29,280 --> 00:08:29,360 Speaker 3: Well? 186 00:08:29,400 --> 00:08:29,720 Speaker 1: Why not? 187 00:08:30,440 --> 00:08:32,520 Speaker 2: Because I think if you look at the Reserve Bank Act, 188 00:08:32,600 --> 00:08:37,160 Speaker 2: it's something it takes something like misconduct or failure to 189 00:08:37,160 --> 00:08:39,160 Speaker 2: do the job. And I'm not sure that you can 190 00:08:39,240 --> 00:08:41,560 Speaker 2: quite say that telling the public polkeys is one of 191 00:08:41,559 --> 00:08:42,160 Speaker 2: those things. 192 00:08:43,280 --> 00:08:43,480 Speaker 3: Ah. 193 00:08:43,520 --> 00:08:45,920 Speaker 4: So, then if Nichola Willis can't invite him to resign, 194 00:08:45,960 --> 00:08:47,760 Speaker 4: I'm not sure why I should be telling him. 195 00:08:47,600 --> 00:08:50,960 Speaker 2: To, because I trust you on this one. 196 00:08:52,600 --> 00:08:53,480 Speaker 5: I can run the economy. 197 00:08:53,520 --> 00:08:53,679 Speaker 4: Well. 198 00:08:54,000 --> 00:08:57,400 Speaker 5: Last what she was saying before, Tim. 199 00:08:57,160 --> 00:08:58,960 Speaker 4: Said that I would be allowed to resign my job 200 00:08:59,040 --> 00:09:01,040 Speaker 4: if I took up here to Erve Bank because I 201 00:09:01,040 --> 00:09:03,760 Speaker 4: could probably with the gap in wages, fund my replacement 202 00:09:03,840 --> 00:09:05,079 Speaker 4: for a year and come out all right. 203 00:09:05,280 --> 00:09:06,920 Speaker 2: I think that's actually quite good math from him. What 204 00:09:06,960 --> 00:09:07,800 Speaker 2: do you think, Nick? 205 00:09:09,480 --> 00:09:13,760 Speaker 3: I was kind of, Oh, look to speaking of contortionists. 206 00:09:14,760 --> 00:09:20,040 Speaker 3: He's got an employee who's rights and privacy has to respect, 207 00:09:20,080 --> 00:09:22,040 Speaker 3: and he's got a minister who's really you know, whose 208 00:09:22,080 --> 00:09:25,200 Speaker 3: policies of really or decisions have caused the employee to resign. 209 00:09:25,520 --> 00:09:28,280 Speaker 3: He's caught in the middle. But actually, the way you 210 00:09:28,320 --> 00:09:31,559 Speaker 3: summed it up, he didn't actually have to front a 211 00:09:31,600 --> 00:09:34,439 Speaker 3: press conference. He didn't have to say anything, And in fact, 212 00:09:34,679 --> 00:09:37,760 Speaker 3: I don't know why they they took. You know, they 213 00:09:37,800 --> 00:09:40,800 Speaker 3: went out there and and made a big deal when 214 00:09:40,800 --> 00:09:44,520 Speaker 3: actually they had nothing to say. And so I do 215 00:09:44,720 --> 00:09:47,560 Speaker 3: I feel sorry for Neil quickly. He is caught in 216 00:09:47,600 --> 00:09:50,280 Speaker 3: the middle. I don't actually think he should resign, but 217 00:09:50,400 --> 00:09:53,319 Speaker 3: I do think we need to consider in roles like this, 218 00:09:54,320 --> 00:09:58,880 Speaker 3: you know that people have the ability to communicate properly 219 00:09:59,040 --> 00:10:01,520 Speaker 3: and you know, don't see they have to say everything. 220 00:10:01,559 --> 00:10:04,959 Speaker 3: I mean, there's an employment relationship here. You can't comment on. 221 00:10:04,960 --> 00:10:08,000 Speaker 5: That and don't try to y. 222 00:10:08,960 --> 00:10:11,199 Speaker 2: Yeah, absolutely, all right, guys, it's been brilliant to talk 223 00:10:11,200 --> 00:10:12,679 Speaker 2: to you. Thank you very much. Go back to your 224 00:10:12,679 --> 00:10:15,360 Speaker 2: troop of children. That's Thomas Scrimger of the Maximum Institute 225 00:10:15,400 --> 00:10:16,959 Speaker 2: and Nick Legget Infrastructure New Zealand. 226 00:10:17,600 --> 00:10:20,760 Speaker 1: For more from Heather Duplessy Allen Drive, listen live to 227 00:10:20,880 --> 00:10:23,920 Speaker 1: news Talks. It'd be from four pm weekdays, or follow 228 00:10:23,960 --> 00:10:25,719 Speaker 1: the podcast on iHeartRadio.