EQ preditions for 2021!

kelly-sikkema-glr-n1yVStA-unsplash.jpg

Equinox is prepared to predict what is due in 2021, even though our Government won't!

2021 will see continued leakage of Covid in New Zealand and continued Covid horror stories from around the world. A vaccine may become available next year, however it will still need a huge amount of testing and won't be available in New Zealand until 2023.

Personal relationships will be under stress as the underlying frustration of not really knowing what's going on will swell. The flow on effect will result in much bigger problems within families, marriages and business partnerships.

Housing will not be every second headline we read like it is currently, due to low interest rates meaning it's cheaper to own (whatever the value) rather than rent. We have never experienced this in recent New Zealand and the Government has a dilemma as rising house prices keeps society pacified and on the straight and narrow. However, the same old same old way of how to tackle the problem of those who can't afford to get a deposit together is still under the rug! No one has come up with a clear solution except for Equinox, who promoted shareholding whereby the Government owned the land and the first home buyer just had to have a deposit to build or buy the house, and over a period of time acquired the land. That concept was probably too easy for the Government to understand and would not have required them to set up multi departments and a plethora of consultants!

The economy. Hopefully the Government or Treasury will come out with some figures that proves the New Zealand circular economy just like in the 60s and 70s is self-sustainable and we don't need overseas tourists to balance our domestic books. Perhaps the world doesn't need the global village concept and we are reverting back to the 50's, 60's and 70's. It would be great to know that our team of 5 million can be self-sufficient, in which case it will take some of the worry out of 2021.

Finally the weather, yes we will have weather in 2021!