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Speaker 1: You're listening to the Saturday Morning with Jack tam podcast

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Speaker 1: from News Talks.

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Speaker 2: A'd be Jack, says Mike, he's intentionally crashing the stock

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Speaker 2: so he and his mates can buy and lo then

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Speaker 2: remove the tariffs. Well, that's cynical, Mike, But I suppose

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Speaker 2: there is some kind of some people will see logic

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Speaker 2: in that Jack Trump has taken all allies hostage, the

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Speaker 2: US can no longer be considered an ally. Well, I

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Speaker 2: don't think it's a formal ally of New Zealand, but

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Speaker 2: I do think you make a really good point. But

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Speaker 2: even if all of these tariffs were removed, right, we

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Speaker 2: went back to how things were six months ago, tariff wise,

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Speaker 2: at the very least, there is nothing that can assure

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Speaker 2: other countries around the world that even if a completely

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Speaker 2: conventional type president is elected in three and a half

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Speaker 2: years time, that in the future, the American public won't

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Speaker 2: elect another Donald Trump like figure who is prepared to

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Speaker 2: make pretty spur of the moment volatile kind of decisions

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Speaker 2: that throw the global order into the kind of madness

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Speaker 2: we're experiencing it the moment. So yeah, I think you're right.

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Speaker 2: We probably can't rely on America to be nearly as

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Speaker 2: stable as it has been in the past. Jeff has

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Speaker 2: good advice for us of well, don't look at your

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Speaker 2: key we saver account for today. I'll get tomorrow your feedback.

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Speaker 2: In a couple of minutes seventeen past nine on News Dogs,

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Speaker 2: he'd being Kevin Milne is with us this morning, Kilder, Kevin.

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Speaker 3: Gellaad Jack. What do you reckon? Do you think that

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Speaker 3: Trump is now less popular in America than he was?

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Speaker 3: I supporters he's even greater now think.

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Speaker 2: I think among his supporters, I think there is I

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Speaker 2: think when Trump says he could walk down Fath Avenue

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Speaker 2: and shoot someone, I think like among his supporters, his

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Speaker 2: die hard supporters, there is literally nothing that would stop

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Speaker 2: him from being the kind of, you know, the popular

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Speaker 2: figure that he is. It is almost kind of cultish,

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Speaker 2: the slavish devotion to him. So even when there is

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Speaker 2: a very little coherence around some of the arguments, people just,

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Speaker 2: I think, absolutely love him. I also think that applies

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Speaker 2: to other politicians on the other side of things. But

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Speaker 2: I think with Trumpets, especially pronounced that being said, I reckon,

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Speaker 2: there are some probably a big slab of more marginal

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Speaker 2: voters who supported him in the last election. But are thinking, oh,

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Speaker 2: I actually, you know, I did like it when stuff

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Speaker 2: was a little less expensive. I do like economic growth.

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Speaker 2: I don't love inflation. And those people might be that

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Speaker 2: their support might be a little bit, you know, a

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Speaker 2: little bit less firm. But yeah, it's going to be

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Speaker 2: amazing to see. I mean, you know, one thing to

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Speaker 2: point out is that there are already countries that are

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Speaker 2: lowering their tariffs to try and plicate him, and so

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Speaker 2: if you you know, and maybe he'll say, this is

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Speaker 2: the thing. It's just a negotiating tactic to get everyone

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Speaker 2: to lower tariffs on the US. But I mean, you know,

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Speaker 2: he put out that list yesterday, I said New Zealand

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Speaker 2: had a twenty percent tariff on the US.

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Speaker 3: We just don't.

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Speaker 2: I mean, it's just totally factually, just totally incorrect. But

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Speaker 2: facts no matter in this world, Kevin. Facts don't matter him. Anyway.

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Speaker 2: You have been you have been thinking about the economy

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Speaker 2: of this week, and in particular you've been thinking about

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Speaker 2: real estate.

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Speaker 3: Always felt sorry for people bidding for houses and deadline

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Speaker 3: sales and sales by tender. Having done all their due

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Speaker 3: diligence at considerable cost, they have to put in a

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Speaker 3: bid with no idea what the other bids look like.

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Speaker 3: You find a house you like, you pay for a

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Speaker 3: builder's report, you pay for it to be valued, You

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Speaker 3: run it past the lawyer, more costs, and wait a

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Speaker 3: month or so to find that, once again, you've been

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Speaker 3: out bid. Hundreds, maybe thousands of dollars spent, still no house.

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Speaker 3: Really tough on first home buyers. I've been on both

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Speaker 3: sides of deadline sales. When I sold, I did really

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Speaker 3: well out of it, but I hated being a buyer.

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Speaker 3: Deadline sales and sales by tender are designed for the seller.

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Speaker 3: Now fair enough, you could say real estate agents work

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Speaker 3: for and are paid for by the seller. My son

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Speaker 3: tells me that in central London now, if you want

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Speaker 3: to get rental accommodation a flat, you have to pitch

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Speaker 3: for it. You find the flat that you like, and

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Speaker 3: you're forward in writing what rent you've prepared to pay

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Speaker 3: for it. The highest bid gets the flat. It's no

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Speaker 3: longer a matter of getting in first, which was bad enough.

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Speaker 3: It's a matter of how much money you've got. I

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Speaker 3: hope bidding for rentals hasn't hit New Zealand. Yet. Have you?

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Speaker 3: Are you aware that it has or hasn't yet.

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Speaker 2: Well, I actually think we're in this curious moment Kevin,

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Speaker 2: where rental demand is down as much lower than it was,

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Speaker 2: so I think for the first time, and however many years,

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Speaker 2: renters have slightly more power than they did in the past.

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Speaker 2: So I think it's quite different to how it is

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Speaker 2: in the UK. But I'm sure that hasn't yet.

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Speaker 3: Yeah, you think it has back when you know, I

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Speaker 3: look back back when I bought my first house. It

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Speaker 3: was so much simpler and it seemed to work for everyone.

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Speaker 3: You looked at photos of houses in the paper or

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Speaker 3: at a real estate office, and under each photo was

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Speaker 3: the price the owner wanted for them. Simple as that,

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Speaker 3: you'd be taken on the tour of the house, and

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Speaker 3: if you wanted it, you'd not five percent off what

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Speaker 3: the owner wanted and put in an offer and usually

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Speaker 3: the house was yours. Now, especially for first owned buyers,

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Speaker 3: bidding makes buying your house a bit of a nightmare.

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Speaker 2: I think, yeah, it's so tough a I mean, just yeah,

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Speaker 2: it speaks to some kind of imbalance. But you can

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Speaker 2: imagine how stressful that must be if you're trying to

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Speaker 2: trying to get a flat. I mean it's yeah.

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Speaker 3: And the time it all takes. Yeah, you know, you

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Speaker 3: put in your bed and you waded around and wait around,

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Speaker 3: and then you don't get it again. You know, it

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Speaker 3: turns out there were fifteen other bidders, and you're not

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Speaker 3: quite sure how far your bid was off the was

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Speaker 3: off the top until the the information comes clear. Now

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Speaker 3: I find it, I find I'm very very pleased. I'm

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Speaker 3: nothing at first. I'm not a first own bar anymore.

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Speaker 2: Yeah, all right, Kevin, Hey, thank you so much for

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Speaker 2: your time. Appreciate it is even Kevin Milne there.

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Speaker 1: For more from Saturday Morning with Jack Tame. Listen live

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Speaker 1: to news talks he'd be from nine am Saturday, or

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