F-U Auckland house prices

[AllanB]

Rant. Should have saved it for Friday?

Auckland house prices.

Sick of hearing about them.

Yes they are mental - stop fucking paying those prices and lo and behold they will drop.


OK - you are probably sick of hearing about Christchurch earthquakes. But I moved out of Christchurch (just :cool:) so bla bla bla to you.


There is no real solution to either - both cost too much and have a huge social toll.

[Swoop]

Jealous? Much?
:bleh:

[WNJ]

Fuck Auckland, sold up our house in pakaranga on a small section and moved to Waikato 10 yrs ago, we have just bought our third , four bedroom house in the area, and now have over ten acres land to our names, glad we moved out, Don't regret leaving at all, :banana:

[Voltaire]

10 acres...I can barely look after 700 sq metres. :innocent:

[AllanB]

Jealous? Much?
:bleh:

Haha - fair call - I'd ask a mill if my house was in Auckland :woohoo:

[sidecar bob]

is there a law that you have to live in Auckland? Buy a house in wanganui for 70k & stop your fuckin whinging.

[Gremlin]

I bet if the media starts reporting that prices are falling, houses aren't selling, it would probably fucken help!

But where's the fun in that :facepalm: Let's keep reporting panic, so everyone does...

[5ive]

is there a law that you have to live in Auckland? Buy a house in wanganui for 70k & stop your fuckin whinging.

I would buy a house for 70k in Wanganui, but the benefit wouldn't pay enough to cover the mortgage :facepalm:

[Motu]

Asians have to live somewhere, and as they are the only ones who can afford to live in Auckland, I think we should just let the place alone to run out of control...put a fence around it with 24/7 camera feed so we can watch.

[Mike.Gayner]

Dear bitching moaning Aucklanders,

No one is forcing you to live in New Zealand's shittiest city. If you find house prices so unpalatable, move somewhere else and quit you fucking whinging.

Regards,

The rest of us

[Madness]

Dear cunts from Tauranga.

Get fucked.

Regards,

[sidecar bob]

I would buy a house for 70k in Wanganui, but the benefit wouldn't pay enough to cover the mortgage :facepalm:

If your selling in Auckland you should still have a mill to retire on.

[eldog]

Haha - fair call - I'd ask a mill if my house was in Auckland :woohoo:
ow much?
only a mill? come on. this is my retirement fund.:clap:

then i can retire to the cheaper countryside.

down side is rates are linked to house price - cunning way of boosting rates without doing anything, give everyones house evaluation a boost. And no one complained.

[Madness]

Sorry

No need to apologise.

What happens when all us less-than-Bobs-age whiteys fuck off from Auckland and move to Wanganui for a life on ACC and smoking synthetics?

I'll tell ya.

Eventually, the quarter of a million or so immigrants with multiple degrees currently living in Auckland and driving taxi's, gas station tills or flipping halal burgers - or a combination of all three - will fill the jobs vacated by those Kiwis leaving. More immigrants come in because we'll need to keep the manufactured inflation going and before you know it Auckland will become even more like District 9, if that is actually possible. Despite Motu's assertion that a bit of Number 8 wire will keep the circus at bay, I doubt it and I don't think this is a good thing for New Zealand.

I'm starting to think there should be an Auckland Tax, payable by all those living outside Auckland. Seems legit. Sponsor a Jafa family today!

:doobey:

[sidecar bob]

No need to apologise.

What happens when all us less-than-Bobs-age whiteys fuck off from Auckland and move to Wanganui for a life on ACC and smoking synthetics?


Fwiw I live about 400km from Wanganui, but I visit there often & it's certainly on the short list of places I'd happily retire to.
Is also a thriving happy community & I have yet to meet my first synthetic smoker there, although I'm sure it probably has no less per capita than Auckland, but I don't go out of my way to hang out with drop kick losers so I'm a little sheltered from that section of society by choice.
I'm sure acc bludgers are everywhere too, & not just concentrated to wanganui .

[TheDemonLord]

I for one like Auckland house prices.....


Soon I shall re-negotiate my mortgage and have a 20% deposit thanks to the magic of appreciation.

(yes, I own a house in Auckland and am less than 30)

[Madness]

I for one like Auckland house prices.....


Soon I shall re-negotiate my mortgage and have a 20% deposit thanks to the magic of appreciation.

(yes, I am a knob and live in a shitty suburb)

Congratulations.

[Indiana_Jones]

Good yarn.

[Voltaire]

is there a law that you have to live in Auckland? Buy a house in wanganui for 70k & stop your fuckin whinging.

And then what.... not much demand for what I do outside Jaffa land, do they have a Bunnings, I'm pretty up on hardware :rolleyes:

[sidecar bob]

And then what.... not much demand for what I do outside Jaffa land, do they have a Bunnings, I'm pretty up on hardware :rolleyes:

You should have thought about the implications of that when choosing a career, mine is location proof.
Ready for a thorough arse kicking this weekend?. ;)

[nodrog]

....... not much demand for what I do outside Jaffa land....

I didn't think "erotic Asian massage, cheap rates" meant you were doing the massaging.

[Crapple]

Rant. Should have saved it for Friday?

Auckland house prices.

Sick of hearing about them.

Yes they are mental - stop fucking paying those prices and lo and behold they will drop.


OK - you are probably sick of hearing about Christchurch earthquakes. But I moved out of Christchurch (just :cool:) so bla bla bla to you.


There is no real solution to either - both cost too much and have a huge social toll.

We are moving out of Auckland, the house prices are bullshit and so is the traffic every day of the week. What you pay for here in Auckland you can get elsewhere for half the price. Auckland is an over crowed shit hole full of cunts.

[Maha]

If your selling in Auckland you should still have a mill to retire on.

We sold up north of Auckland in March last year, paid off all our debt, moved to and worked in Takapuna for a year with next to no living expenses. A few months later, after visiting with friends, paid cash for a 9 year old house in the central north island. We used it for our 'get away form the non stop life style of living in Auckland, then moved here in March of this year, changed our car, bought a motorbike, built a garage to house said things, still no debt and semi tired, we just need a bit of work every now and then to top up the day to day living expenses and golf fees.

Anyone with a mortgage in Auckland can do it, the motivation? is life style.

[Akzle]

We are moving out of Auckland, the house prices are bullshit and so is the traffic every day of the week. What you pay for here in Auckland you can get elsewhere for half the price. Auckland is an over crowed shit hole full of cunts.

kindof like well, duh. :weird:

but then also. correct as hell.

[Voltaire]

You should have thought about the implications of that when choosing a career, mine is location proof.
Ready for a thorough arse kicking this weekend?. ;)

Well I suppose I could hang up my suit and dust off my Electrical Licence, get my air conditioning tools out and put some overalls on....but working on

the tools.....

Sadly not available to ' have my arse kicked" this weekend, as off to India on holiday in 5 weeks to chug around on a Enfield so not chancing falling off

again :baby:, Taupo seems to encourage falling off ;)

[Swoop]

Haha - fair call - I'd ask a mill if my house was in Auckland :woohoo:

I have been surprised recently.
My area is average, I guess. Went to a local house auction (Boring house, typical section, nothing at all flash about it) and it went for 1.15mil.

Talking with a neighbour and he said "yeah, that makes it the 7th in the street over a million"!

[EJK]

Ho hum, 26 posts in and nobody is blaming Asians/ Chinese :wait:

[sidecar bob]

I have been surprised recently.
My area is average, I guess. Went to a local house auction (Boring house, typical section, nothing at all flash about it) and it went for 1.15mil.

Talking with a neighbour and he said "yeah, that makes it the 7th in the street over a million"!

So essentially, all that is happening is that people in Auckland just need a bigger wheelbarrow to cart their money from one house to the next compared to other parts of the country.
It sounds like a 1.15 million dollar house in dorkland dosent offer a better quality of life than one worth ten percent of that in a pleasant regional village.

[sidecar bob]

Ho hum, 26 posts in and nobody is blaming Asians/ Chinese :wait:

Fucking Chinese cunts, driving our house prices up & fucking the share market.:weep:

[Swoop]

So essentially, all that is happening is that people in Auckland just need a bigger wheelbarrow to cart their money from one house to the next compared to other parts of the country.
It sounds like a 1.15 million dollar house in dorkland dosent offer a better quality of life than one worth ten percent of that in a pleasant regional village.

Ahh, but we can buy the WHOLE village!;)

[swarfie]

Ready for a thorough arse kicking this weekend?. ;)

You got a front end in your Lemon90 again?

[Shaun Harris]

Fwiw I live about 400km from Wanganui, but I visit there often & it's certainly on the short list of places I'd happily retire to.
Is also a thriving happy community & I have yet to meet my first synthetic smoker there, although I'm sure it probably has no less per capita than Auckland, but I don't go out of my way to hang out with drop kick losers so I'm a little sheltered from that section of society by choice.
I'm sure acc bludgers are everywhere too, & not just concentrated to wanganui .


Wanganui is an awsome small city. Very Buitifull with all the trees on the streets, and there are some of the very best coolest houses in the country in that town. It is my fathers home town, so I consider it home kind of also

[Shaun Harris]

I for one like Auckland house prices.....


Soon I shall re-negotiate my mortgage and have a 20% deposit thanks to the magic of appreciation.

(yes, I own a house in Auckland and am less than 30)

Bloody good work that man. Now PAY a mechanic to check your bike out properlly

[Shaun Harris]

Fucking Chinese cunts, driving our house prices up & fucking the share market.:weep:


Not to mention all the Chemical DRUGS they bring into the country now also

[nodrog]

You got a front end in your Lemon90 again?

yeah but some queer cunt fucked his gearbox.



Not to mention all the Chemical DRUGS they bring into the country now also

Fuckin slanty eye pricks putting good honest Kiwi meth dealers out of business.

[willytheekid]

Wanna see Auckland in 5-10yrs time?

...then take a good long hard look at Vancouver Canada!

http://nypost.com/2015/07/09/soaring-vancouver-home-prices-spur-anger-toward-chinese-buyers/

1.1 million!!! is there average house price now...locals simply can't afford to live in there own city anymore, and most property's just sit empty as there just an "investment":tugger:


We aint seen nothing yet!...if we allow this free for all madness to continue within NZ


If don't LIVE here, you shouldn't be able to own here...lease!, sure...rent!!...even better!, but OWN as an "investment" etc that cripples the LOCAL economy..NO!...no fuckin way!:oi-grr:

[Shaun Harris]

Wanna see Auckland in 5-10yrs time?

...then take a good long hard look at Vancouver Canada!

http://nypost.com/2015/07/09/soaring-vancouver-home-prices-spur-anger-toward-chinese-buyers/

1.1 million!!! is there average house price now...locals simply can't afford to live in there own city anymore, and most property's just sit empty as there just an "investment":tugger:


We aint seen nothing yet!...if we allow this free for all madness to continue within NZ


If don't LIVE here, you shouldn't be able to own here...lease!, sure...rent!!...even better!, but OWN as an "investment" etc that cripples the LOCAL economy..NO!...no fuckin way!:oi-grr:


You get my Vote for BOSS!

[5ive]

Would be funny if(when) the same thing happens outside of Auckland once the new LVR hits in October. You and your family will end up running out of affordable, jobless areas to move to where Aucklanders have not already invested/moved to with all of their 'cash' :niceone:

[sidecar bob]

You got a front end in your Lemon90 again?

Im going to be competitor number 371 on the weekend. :msn-wink:

[sidecar bob]

Not to mention all the Chemical DRUGS they bring into the country now also

That fucks me off more than anything else they do,
Ive been attempting to rekindle a business that I wound up about ten years ago that was in the game of bringing product out of Singapore, dealing with the Chinese.
Id forgotten what a pack of lying opportunist thieves they were & I think it will be healthier for the soul to just let sleeping dogs lie.

[Shaun Harris]

That fucks me off more than anything else they do,
Ive been attempting to rekindle a business that I wound up about ten years ago that was in the game of bringing product out of Singapore, dealing with the Chinese.
Id forgotten what a pack of lying opportunist thieves they were & I think it will be healthier for the soul to just let sleeping dogs lie.


For sure. All the chems are getting shipped here in all soughts of ways, and they do NOT give a fuk about killing our kids and the future here, just $ $ $ $

[EJK]

http://www.stuff.co.nz/national/71311970/illegal-cockle-haul-in-canterbury-nets-8000-in-fines

Chinese. It's always the fucking greedy Chinese.

[Shaun Harris]

http://www.stuff.co.nz/national/71311970/illegal-cockle-haul-in-canterbury-nets-8000-in-fines

Chinese. It's always the fucking greedy Chinese.


Yep, Fuck them off to there own country. And there food taste like greasy SHIT also

[nodrog]

http://www.stuff.co.nz/national/71311970/illegal-cockle-haul-in-canterbury-nets-8000-in-fines

Chinese. It's always the fucking greedy Chinese.

anybody that can be fucked opening that amount of cockles deserves them.

that was probably only enough for an appetiser.

[nelubian]

I don't completely understand dissatisfaction, current laws/migration system of NZ tends to concentrate people in 1-3 cities of NZ:

I came to NZ (to live) 2 and something years ago (not from China, please, don't kill me).
And according to my occupation(specific engineer) I can find work in Wellington or Auckland only.
And if you look at the shortage skills occupations and match them with opened vacancies simultaneously, you might find that migrant will mostly concentrate in Wellington or Auckland.
+ Standard local concentration because of the modern service oriented economy.
And voila.

And moreover, I don't see any sign that government wishes to change it. Otherwise we would already have specific zones like Silicon Valley for IT, Las Vegas for casino or similar, government doesn't fight for transparency of the job market, so on. And government should be a reflection of what we vote for. So here it is. And shortage of living place in Auckland won't disappear so quickly from now, even if a huge development starts tomorrow.

[TheDemonLord]

Bloody good work that man. Now PAY a mechanic to check your bike out properlly

No need - see other thread, She be fixed.

And anyway - Can't afford a Mechanic - I'm paying an Auckland Mortgage! :laugh::laugh::laugh:

(although if you are interested, in 2-3 weeks, she is going in for her 48,000 Km service so will get an expert eye to look over her then)

[HenryDorsetCase]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.

[Shaun Harris]

No need - see other thread, She be fixed.

And anyway - Can't afford a Mechanic - I'm paying an Auckland Mortgage! :laugh::laugh::laugh:

(although if you are interested, in 2-3 weeks, she is going in for her 48,000 Km service so will get an expert eye to look over her then)



And I asked in that thread what you did about the faulty dangerous wheel bearing man? 2-3 weeks may be to long for your life to last man, if that rear wheel locks up, you are gunna be very very hurt, and maybe others also!

[Shaun Harris]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.


It is a SHIT hole of a city any way

[jasonu]

Ho hum, 26 posts in and nobody is blaming Asians/ Chinese :wait:

I blamed them but my wife told me not to be racist...

[jasonu]

I don't completely understand dissatisfaction, current laws/migration system of NZ tends to concentrate people in 1-3 cities of NZ:

I came to NZ (to live) 2 and something years ago (not from China, please, don't kill me).
And according to my occupation(specific engineer) I can find work in Wellington or Auckland only.
And if you look at the shortage skills occupations and match them with opened vacancies simultaneously, you might find that migrant will mostly concentrate in Wellington or Auckland.
+ Standard local concentration because of the modern service oriented economy.
And voila.

And moreover, I don't see any sign that government wishes to change it. Otherwise we would already have specific zones like Silicon Valley for IT, Las Vegas for casino or similar, government doesn't fight for transparency of the job market, so on. And government should be a reflection of what we vote for. So here it is. And shortage of living place in Auckland won't disappear so quickly from now, even if a huge development starts tomorrow.

You are dead right mate. The bad thing is that most NZers that have not ventured overseas for more than a couple of weeks don't see it coming.

[Fastmark]

When we came here in 2009 we choose to live on the Whangaparaoa Peninsula because my wife's cousin lived there, good contact since we knew no-one else in NZ.
My job takes me all over the north island so wifey was home with the kids, hence the local contact.

My story is probably very similar to many who have come to NZ, you tend to stick close to what you know be it family (no matter how distant) or settling into an area that has similar folks, i.e. Brits/Boks/etc.

However I agree with the title of this cause I am sick of hearing about house prices in Auckland. Unless you are selling, have more money than you know what to do with who gives a shit. The fact that my house may be worth more today than 12 months ago is immaterial, I am not moving so don't care.
So for fuck sake Herald stop going on about it.

Once the last offspring has fled the nest in about 5 years we will sell up and bugger off north and never have to go into Auckland again.
In the meantime I will put up with it, I wont complain because I choose to live where I do and smile to myself when I am out and about in the rest of the North Island knowing I will be out of the rat race in the near(ish) future

[Swoop]

... dealing with the Chinese.
Id forgotten what a pack of lying opportunist thieves they were...

This is the crux behind their latest "stock market" adjustment.

Backhander capital of the world.

[Shaun Harris]

When we came here in 2009 we choose to live on the Whangaparaoa Peninsula because my wife's cousin lived there, good contact since we knew no-one else in NZ.
My job takes me all over the north island so wifey was home with the kids, hence the local contact.

My story is probably very similar to many who have come to NZ, you tend to stick close to what you know be it family (no matter how distant) or settling into an area that has similar folks, i.e. Brits/Boks/etc.

However I agree with the title of this cause I am sick of hearing about house prices in Auckland. Unless you are selling, have more money than you know what to do with who gives a shit. The fact that my house may be worth more today than 12 months ago is immaterial, I am not moving so don't care.
So for fuck sake Herald stop going on about it.

Once the last offspring has fled the nest in about 5 years we will sell up and bugger off north and never have to go into Auckland again.
In the meantime I will put up with it, I wont complain because I choose to live where I do and smile to myself when I am out and about in the rest of the North Island knowing I will be out of the rat race in the near(ish) future


I do not quite understand that completely. You Moved here in 09 and purchased your own house, Bloody good on ya. But the real estate issues did not really start untill about 3 years ago that the media and others starting paying attn too. So now the housr prices have got as BULLSHIT false economy over inflated, a Young TRUE FULL blooded KIWI cannot buy a House in there OWN town?? Again, due to the goverments false economy bullshit, by allowing all the asians in there to buy every thing up. to get the rest of there family out of there own country, That is a real negative of what is going on, I applaud people making money if done fair and write, but this is just a false economy that has FUCKED young kiwi;s future in that shit hole city. Haha, I will prob be working up there in a few months from now though, but only fly in fly out work, and maybe spending 3 nights a week up there.

[neels]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.

At first read I thought that didn't sound too bad.Then I read it proper and realised mortgage, not house, at which point I agree, bugger that.

Unfortunately the speculation aspect of this is not going to go away while the cost of borrowing money is considerably less than the increase in capital value, and those making money out of it will perpetuate this for as long as they can. They probably already have somewhere to live and have no intention of actually paying for the house, so it's just a percentage and profit game

[TheDemonLord]

I do not quite understand that completely. You Moved here in 09 and purchased your own house, Bloody good on ya. But the real estate issues did not really start untill about 3 years ago that the media and others starting paying attn too. So now the housr prices have got as BULLSHIT false economy over inflated, a Young TRUE FULL blooded KIWI cannot buy a House in there OWN town?? Again, due to the goverments false economy bullshit, by allowing all the asians in there to buy every thing up. to get the rest of there family out of there own country, That is a real negative of what is going on, I applaud people making money if done fair and write, but this is just a false economy that has FUCKED young kiwi;s future in that shit hole city. Haha, I will prob be working up there in a few months from now though, but only fly in fly out work, and maybe spending 3 nights a week up there.

In the nicest possible - don't presume to speak for Young Kiwis* - because it is doable, as proof - I did it.

This is what I don't understand - I had a choice to afford a shoebox on the North Shore, or I could move to a different area that I could afford. I had a choice between driving to work or using it as an excuse to get a Bike. I had a choice to forgo some of the luxuries that I had grown accustomed to, for the privilege of owning my own house.

What I see - is first time home buyers who want to live in areas they can't afford (because they are nice) in houses they can't afford (because they want the Quarter acre dream, like mum and dads house) who don't want to make sacrifices in order to be a home owner.

Those of my Friends who own their own houses also had to make sacrifices and tough choices, the ones who don't want make sacrifices or touch choices, are still paying rent (and by extension, someone else's mortgage)

Again - I did it, I had to be creative with the Deposit (I had none - but there are ways round that if you use your brain and ignore the media hype-train) The problem as I see it, is that there is a generation that believes home ownership is a right and so should be handed to them (it isn't, its a privilege you have to work for) and instead of working around some of the problems, they through their hands up in the air and jump on Social Media to bitch about how impossible it is to do.

*(okay I wasn't born here, but I moved here when I was 14 and have lived equal time in here and the UK - Deal)

[5ive]

Dat Humblebrag, taking on the role of speaker.

When did you buy the 'house', how big, and whose money/equity did you use?

[nelubian]

At first read I thought that didn't sound too bad.Then I read it proper and realised mortgage, not house, at which point I agree, bugger that.

Unfortunately the speculation aspect of this is not going to go away while the cost of borrowing money is considerably less than the increase in capital value, and those making money out of it will perpetuate this for as long as they can. They probably already have somewhere to live and have no intention of actually paying for the house, so it's just a percentage and profit game

I've got a proposal for a working part of the NZ population: Lets rise inflation like hell to reduce dept(mortgage). It kills savings of the older generation and makes unprotected layer even poorer, but somebody has to pay for this :blip:

PS: Capitalism is a cruel game

[TheDemonLord]

Dat Humblebrag, taking on the role of speaker.

When did you buy the 'house', how big, and whose money/equity did you use?

2 years ago (right when they were changing the lending requirements) - its a 4 Bedroom house in Gulf Harbour - we got a Guarantor on the deposit - so no money changed hands (which is still possible)

We could have moved closer, but we would either have to drop a Bedroom or pay more.

[Shaun Harris]

In the nicest possible - don't presume to speak for Young Kiwis* - because it is doable, as proof - I did it.

This is what I don't understand - I had a choice to afford a shoebox on the North Shore, or I could move to a different area that I could afford. I had a choice between driving to work or using it as an excuse to get a Bike. I had a choice to forgo some of the luxuries that I had grown accustomed to, for the privilege of owning my own house.

What I see - is first time home buyers who want to live in areas they can't afford (because they are nice) in houses they can't afford (because they want the Quarter acre dream, like mum and dads house) who don't want to make sacrifices in order to be a home owner.

Those of my Friends who own their own houses also had to make sacrifices and tough choices, the ones who don't want make sacrifices or touch choices, are still paying rent (and by extension, someone else's mortgage)

Again - I did it, I had to be creative with the Deposit (I had none - but there are ways round that if you use your brain and ignore the media hype-train) The problem as I see it, is that there is a generation that believes home ownership is a right and so should be handed to them (it isn't, its a privilege you have to work for) and instead of working around some of the problems, they through their hands up in the air and jump on Social Media to bitch about how impossible it is to do.

*(okay I wasn't born here, but I moved here when I was 14 and have lived equal time in here and the UK - Deal)


Well explained dude. I am a little slow. I here ya now clearly.

[BuzzardNZ]

Yep, Fuck them off to there own country. And there food taste like greasy SHIT also

Not greasy if you find a good one, but I agree there are too many damn gooks in this country ( and just about as many nargs, if not more! ). Like their food, don't like them!

[5ive]

All good if you can get someone who can afford to, and is willing to take the risk of guarantor, but house prices have increased since then.

You only speak for sub-30 year olds, who have a helping hand. That's more of a luck based outcome, than putting in the effort to get on the housing ladder tbh.

The deposit is the hardest part. No point even bringing up student loan repayments, low-interest rate savings, rising rents, and stagnant household incomes.

If house prices in Auckland remain this high, or rise even higher, home ownership rates will drop even further, which removes even more gifted deposits/guarantors.

[Shaun Harris]

Not greasy if you find a good one, but I agree there are too many damn gooks in this country ( and just about as many nargs, if not more! ). Like their food, don't like them!


As I lived in Japan for 3 years dude, and Japanese food is modified Chinese food, it is god dam greasy NO MATTER how famous the restaurant may be to me.

[Shaun Harris]

All good if you can get someone who can afford to, and is willing to take the risk of guarantor, but house prices have increased since then.

You only speak for sub-30 year olds, who have a helping hand. That's more of a luck based outcome, than putting in the effort to get on the housing ladder tbh.

The deposit is the hardest part. No point even bringing up student loan repayments, low-interest rate savings, rising rents, and stagnant household incomes.

If house prices in Auckland remain this high, or rise even higher, home ownership rates will drop even further, which removes even more gifted deposits/guarantors.


Yep, he had good healthy logic, but the reallity IS diff now, and as mentioned, NOT every one can get a Guarantor.

[BuzzardNZ]

As I lived in Japan for 3 years dude, and Japanese food is modified Chinese food, it is god dam greasy NO MATTER how famous the restaurant may be to me.

Perhaps you should try something other than the steak fried rice then!

[Shaun Harris]

Perhaps you should try something other than the steak fried rice then!

haha, have tried a huge variety man. I remain so skiny cause I am a seriously god dam fussy eater. I will NOT eat for days if I do not like the food. Did live on peanut butter sandwiches once in the UK for 6 weeks when I had no money as such whilst racing or in between racing over there. Could not afford to pay a morgage and eat as well properly.

[Madness]

I remain so skinny cause I've always consumed a healthy daily dose of Milo. You see Milo (the original recipe) had miraculous weight-management properties an no matter how much shite I shovel down my cake-hole, I remain a skinny ginga cunt. It's amazing, I tell ya.

You'd be no good in sales. Just saying.

[AllanB]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.

Bugger that is right - how the heck does one service a loan like that? Interest only payments and make your gains by the housing market rising ............... circle going on there.


Remember when winning a million dollars in lotto or similar was enough to set you up pretty. Sounds like it gets you into a average area in a average home in Auckland.

I now know why you Auckland buggers can afford new bikes frequently - if you owe $500 k on the house adding another 25 for a bike is peanuts.

[Delerium]

We are moving out of Auckland, the house prices are bullshit and so is the traffic every day of the week. What you pay for here in Auckland you can get elsewhere for half the price. Auckland is an over crowed shit hole full of cunts.

It wont be a shit hole or full of arseholes once you are gone.

[Madness]

It wont be a shit hole or full of arseholes once you are gone.

:killingme

Sorry dude but yes, it will.

[Delerium]

It is a SHIT hole of a city any way

only when you visit.

[bucket boy]

[QUOTE=TheDemonLord;1130897590]In the nicest possible - don't presume to speak for Young Kiwis* - because it is doable, as proof - I did it.
Try doing it with out having someone to sign on the line for you.

[Madness]

Try doing it with out having someone to sign on the line for you.

Whilst paying current Auckland market rents.

[Crapple]

It wont be a shit hole or full of arseholes once you are gone.

It was a shit hole full of cunts. I actually like being a cunt or an asshole in case you haven't noticed already.

[husaberg]

is there a law that you have to live in Auckland? Buy a house in wanganui for 70k & stop your fuckin whinging.

Or move to Austrialia and don't keep in touch.............:lol:

[Crapple]

:killingme

Sorry dude but yes, it will.

I'll leave you to enjoy the Auckland traffic :lol: and all the slow cunts in your way.

[Madness]

I'll leave you to enjoy the Auckland traffic :lol: and all the slow cunts in your way.

Did you reply to the right post?

It's actually not a problem for me. I live in the northern Waikato and work all over the Norf Island (including Wanganui - it's a depressing hole). I usually fuck about at home until around 10 before leaving the house if I have to head into D'Auckland and usually manage to get the hell out of town before the traffic builds up again in the arvo.

[Voltaire]

I was in a meeting today with a valuer, and he was saying that the AVERAGE Auckland mortgage (presumably the mean) is $600k.

bugger that.

600K at around 5%.... $30 000 a year, $600 a week interest.

That don't leave much at the end of the week.

I've seen pretty average 3 bedroom weatherboard houses in my area going for over 1 million, one down the road sold for 900K and they have been in having the roof replaced.

Peak Auckland was in the early to mid 80's, cheap houses, easy commutes and $10 an hour was good money for a Sparkie.

" we need more people to make a world class city" they said.

Well they were wrong. It was fine not being world class.

Sure glad I'm not staring out but sorry for my kids....doomed to live in the provinces or learn mandarin.:lol:

[Crapple]

It's actually not a problem for me. I live in the northern Waikato and work all over the Norf Island (including Wanganui - it's a depressing hole). I usually fuck about at home until around 10 before leaving the house if I have to head into D'Auckland and usually manage to get the hell out of town before the traffic builds up again in the arvo.

Well I hope Waikato is ready for an extra cunt :2thumbsup

[Shaun Harris]

You'd be no good in sales. Just saying.



haha Fair play

[Shaun Harris]

only when you visit.



Still a shit hole with or with out me in it dude

[Fastmark]

I do not quite understand that completely. You Moved here in 09 and purchased your own house, Bloody good on ya. But the real estate issues did not really start untill about 3 years ago that the media and others starting paying attn too. So now the housr prices have got as BULLSHIT false economy over inflated, a Young TRUE FULL blooded KIWI cannot buy a House in there OWN town?? Again, due to the goverments false economy bullshit, by allowing all the asians in there to buy every thing up. to get the rest of there family out of there own country, That is a real negative of what is going on, I applaud people making money if done fair and write, but this is just a false economy that has FUCKED young kiwi;s future in that shit hole city. Haha, I will prob be working up there in a few months from now though, but only fly in fly out work, and maybe spending 3 nights a week up there.

Sorry should have made it clearer, didn't buy our house until February last year as we couldn't sell our UK home until then (UK house market took a big hit from the GFC). So yes we paid way over the odds for it and count ourselves lucky to have got in at all.
I agree with what you are saying about the chances of a Kiwi guy/girl getting on the housing ladder, my own kids haven't a hope in hell of doing so unless they win Lotto.
It really is no different to the UK in many ways, most people who provide services (nurses/bus drivers/taxis drivers etc.)in the likes of London have to commute from a long way out every day. I am sure that is true of most major cities, right or wrong but people speculating on the Auckland housing market are not making that any easier. For fucks sake there are people buying property, hanging onto it with no-one moving in then selling it off a month or two later, to someone else who does the same thing.
You buy a house then you should at least live in NZ

[Shaun Harris]

Sorry should have made it clearer, didn't buy our house until February last year as we couldn't sell our UK home until then (UK house market took a big hit from the GFC). So yes we paid way over the odds for it and count ourselves lucky to have got in at all.
I agree with what you are saying about the chances of a Kiwi guy/girl getting on the housing ladder, my own kids haven't a hope in hell of doing so unless they win Lotto.
It really is no different to the UK in many ways, most people who provide services (nurses/bus drivers/taxis drivers etc.)in the likes of London have to commute from a long way out every day. I am sure that is true of most major cities, right or wrong but people speculating on the Auckland housing market are not making that any easier. For fucks sake there are people buying property, hanging onto it with no-one moving in then selling it off a month or two later, to someone else who does the same thing.
You buy a house then you should at least live in NZ



Yea man. And a part of what is causing the price rise, is the bullshit Immoral deals the agents are doing, to line there own pockets even more. NZ Culture is all Just ME ME ME ME now, once we were a proud nation, now we are just a PC Bullshit nation with some nice trees to look at.

[BuzzardNZ]

Yea man. And a part of what is causing the price rise, is the bullshit Immoral deals the agents are doing, to line there own pockets even more. NZ Culture is all Just ME ME ME ME now, once we were a proud nation, now we are just a PC Bullshit nation with some nice trees to look at.

Are you on a P + milo combo 2nite Shaun?

[TheDemonLord]

Try doing it with out having someone to sign on the line for you.

It would have been doable, it would have just meant I would have had to make more sacrifices, most likely buy a 2 bedroom house and work my way up the property ladder (like most people have to do in the rest of the world) and look at interest only Mortgage options.

Again - What people want vs what they are willing to do to get it.

I see a lot of people want to do things, but not willing to do what they need to, to get it.

Oh, and Madness - I was paying Auckland market rent for a house (not a room in a flat) before I bought a house.

[Shaun Harris]

Are you on a P + milo combo 2nite Shaun?



Haha Nah man, just a lot of time to kill currently, whilst trying to save some money to get on track again asap

[Madness]

Oh, and Madness - I was paying Auckland market rent for a house (not a room in a flat) before I bought a house.

I said current market rents. Quite different to 3 years ago, much like the median house prices.

[TheDemonLord]

I said current market rents. Quite different to 3 years ago, much like the median house prices.

Birkenhead for a 4 bedroom house is only 20-30 more per week (according to realestate.co.nz) from when I was renting there....

[HenryDorsetCase]

At first read I thought that didn't sound too bad.Then I read it proper and realised mortgage, not house, at which point I agree, bugger that.

Unfortunately the speculation aspect of this is not going to go away while the cost of borrowing money is considerably less than the increase in capital value, and those making money out of it will perpetuate this for as long as they can. They probably already have somewhere to live and have no intention of actually paying for the house, so it's just a percentage and profit game

Yup agreedthe only way it works is with capital appreciation and historic low interest rates. Its sorta kinda affordable with rates at 5.5 and under. do the sums at 8, 10 and 12% (let alone the historic highs that I remember from the 80's: try first mortgages at 21 and 22% and see how that goes....).

in fact the people who should be blamed are real estate agents. No wonder you see their gurning mugs on the back of buses... do the sums on a $500k purchase. then if you want to flick it on you need to flick it at $545 or so to break even. Fucking leeches.

[Madness]

Birkenhead for a 4 bedroom house is only 20-30 more per week (according to realestate.co.nz) from when I was renting there....

It's all quite inconsequential really when you consider the personal financial arrangements you've described. I mean you hardly had to knuckle down and save a deposit, is it? Correct me if I'm wrong, please.

[TheDemonLord]

It's all quite inconsequential really when you consider the personal financial arrangements you've described. I mean you hardly had to knuckle down and save a deposit, is it? Correct me if I'm wrong, please.

You're Wrong.

[Voltaire]

Yup agreedthe only way it works is with capital appreciation and historic low interest rates. Its sorta kinda affordable with rates at 5.5 and under. do the sums at 8, 10 and 12% (let alone the historic highs that I remember from the 80's: try first mortgages at 21 and 22% and see how that goes....).

in fact the people who should be blamed are real estate agents. No wonder you see their gurning mugs on the back of buses... do the sums on a $500k purchase. then if you want to flick it on you need to flick it at $545 or so to break even. Fucking leeches.

Real Estate agents....up there with Lawyers.:laugh:

[Madness]

You're Wrong.

Oooh, with a capital W too!

How's your wheel, still turney-turney?

[Shaun Harris]

Another good thread on here turned to shit then

[BuzzardNZ]

Another good thread on here turned to shit then

Only good thread I saw turn to shit was the 'I cheated' one ;)

[sidecar bob]

in fact the people who should be blamed are real estate agents. No wonder you see their gurning mugs on the back of buses... do the sums on a $500k purchase. then if you want to flick it on you need to flick it at $545 or so to break even. Fucking leeches.

In fact the people that should be blamed are the idiots that engage in doing business with real estate agents. Any fuckin halfwit can buy a phone fron the warehouse & get a Packet of business cards with their name on it & fleece stupid people by selling their stuff that they didn't have to show any financial commitment to in the first place.
Unfortunately, kiwis in general can't seem to identify The real estate system for the useless pack of expensive fraudsters they really are & seem to be queuing up in greater numbers to throw them huge quantities of money for doing essentially fuck all that the average bloke can't do for himself.
I have bought & sold I think eight properties without ever engaging one, & probably saved enough in the process to freehold at least one of them.
Some fuckin 'tard wanted to sell a early 300's property I had a few years ago & wanted 16k for the privelidge of speaking to prospective buyers, (a task I'm fairly well equipped to do myself) I pointed to my fairly young at the time RSVR & said, you want the equivalent of that for having a yarn with a few people? You Must thing I'm fuckin stupid.

[Shaun Harris]

In fact the people that should be blamed are the idiots that engage in doing business with real estate agents. Any fuckin halfwit can buy a phone fron the warehouse & get a Packet of business cards with their name on it & fleece stupid people by selling their stuff that they didn't have to show any financial commitment to in the first place.
Unfortunately, kiwis in general can't seem to identify The real estate system for the useless pack of expensive fraudsters they really are & seem to be queuing up in greater numbers to throw them huge quantities of money for doing essentially fuck all that the average bloke can't do for himself.
I have bought & sold I think eight properties without ever engaging one, & probably saved enough in the process to freehold at least one of them.



Stop being so dam logical all the time man

[neels]

in fact the people who should be blamed are real estate agents.
Fucking leeches.
Yes they are.

Last house I sold was 500k+, even with a 1% agent after 1 open home and 4 offers the same day pretty easy money for them. Never mind the 20% increase in value between when I bought and sold and ignoring the sweat equity which was quite significant, still stupid increases in value and the reason I bought a house rather than rotting in the red zone.

Not sure if saving 10% of income from the day of starting work like I did would be enough to buy a house in Auckland these days, I suspect it's running away faster than that. Never mind, they could always move to Christchurch and I can rent them a house to live in.

[5ive]

You're Wrong.

C'mon dude, you were gifted a rung on the ladder...

I'd step back and stop blowing that trumpet, you've had it a lot easier, and done a lot less than others have done/are doing.

[5ive]

I said current market rents. Quite different to 3 years ago, much like the median house prices.

I used to rent a shitty old, moldy, cold, two apartment in Mount Eden with my wife for $300 a week. It's now renting for $500.

Rental property rents are rising, it just doesn't seem as fast because people are over-crowding them...

[neels]

I used to rent a shitty old, moldy, cold, two apartment in Mount Eden with my wife for $300 a week
Why did you have to rent two apartments, are you saying that even you're own wife wouldn't live with you?

[5ive]

Why did you have to rent two apartments, are you saying that even you're own wife wouldn't live with you?

Haha, it was the snoring that got to her!

*bedroom

[neels]

Haha, it was the snoring that got to her!

*bedroom
I have a sleeping bag and a couch downstairs for that. Having said that it's pretty 50-50 in terms of eviction from the bed for snoring.

[5ive]

I have a sleeping bag and a couch downstairs for that. Having said that it's pretty 50-50 in terms of eviction from the bed for snoring.

I only tend to snore when heavily drunk, which is far and few between these days. My wife, only when she's totally knackered.

Neither of us are ear splitting, but she's easier to turn over onto her side :laugh:

Her mother's parents though, are both in their 80's, and have slept in different bedrooms because of snoring, for longer than me or my wife have been alive :crazy:

Both really cool people who still adore each other to bits though. It's a lifetime habit that just really works for them.

Their house, once they're done with it, will hopefully help fund their great-grand children when they need help housing themselves.

[sidecar bob]

Yes they are.

Last house I sold was 500k+, even with a 1% agent after 1 open home and 4 offers the same day pretty easy money for them. Never mind the 20% .

What prevented you from advertising it yourself & letting people through for a look?
It doesn't sound like it was a particularly difficult task that required skill or special equipment, like baking a cake, or fixing a bicycle.
I would only use an estate agent if I was a paralysed deaf mute with no wife, kids or friends.

[Voltaire]

What prevented you from advertising it yourself & letting people through for a look?
It doesn't sound like it was a particularly difficult task that required skill or special equipment, like baking a cake, or fixing a bicycle.
I would only use an estate agent if I was a paralysed deaf mute with no wife, kids or friends.

I hear what you are saying.
I sold a house about 2 years ago and at the time thought it needed 3 new bathrooms, recarpeting,new kitchen, repainting, landscaping etc.
I interviewed a few agents and the pointy shoe BMW driving ones didn't get much of my time, I really don't like ticket clippers much.

The one I went for told me not to bother with the kitchen bathrooms or carpet and just to repaint, and make it look tidy and presentable.( this was before signing)
Similar house next door they did all the above but not any landscaping.
I had the wooden balcony replaced with glass ( it had a sea view) repainted in trendy grey, had the front yard cleared and ready lawn put down ( my school teacher mate to repaint the interior , swapped out all the old 70's light fittings and fixtures. It really did look stunning with the 12 metre glass balcony ( best 6K spent)
I engaged the Agent, she had me put all the surplus crap into storage, had awesome photo taken and got lots of punters thru the door at all hours.
All up I spent 30k on doing the house up and got top dollar.
Their fees were 3% and I was not unhappy paying out $30k


For the rest of the country a few pics with your phone, and place an add on Trade Me should do the trick.

I used to do my own car servicing too, but these days I just take it into the shop as I have better things to do.
Saying goodbye to my VW van soon as moving on to disposable jap cars :lol:, over spending a grand each WOF.

[Voltaire]

Voltys Tips For Selling Houses in Auckland:


Make it look really good from the street- punters only spend 15 minutes on site, rest is on line looking.

Get rid of all the crap as it makes the rooms look bigger- if you can fit a double bed in its a double bedroom.

Bunnings do a great range of cheap light fittings and door handles- don't waste money on fancy Italian or German stuff

Staging is worth the money-Less is more-you want the punter to imagine him or her living there, so get rid of all the pics of Granny and the Dog.

Excellent photography is worth the money- and now you can get drone pics with a video and soundtrack. ( think flight of the Valkyries, love the smell of Auckland in the morning, smells like

money)

Interview the Agent, dismiss ones who can't give you a value as that's their frikken job. fine line between them driving a Corolla and turning up in a convertible Mercedes)

For Auckland they need to have a Mandarin speaking assistant. Despite what that Idiot JK says Chinese are taking their money out of China as fast as they can and buying property in the

west. You only have to look beyond that useless Herald and what passes as the News to find that out.

I have no tips for buying in Auckland and looking at Hamilton and the BOP now.

Who would move here when as pointed out earlier the average mortgage is 600K, only winners are Estate Agents, and the Council who can fund their underground trains and billion dollar tunnels....
rant over.

[Maha]

What prevented you from advertising it yourself & letting people through for a look?
It doesn't sound like it was a particularly difficult task that required skill or special equipment, like baking a cake, or fixing a bicycle.
I would only use an estate agent if I was a paralysed deaf mute with no wife, kids or friends.

We had a go at selling our house privately because the chap across the road sold his in online in 10-14 days, we only had one through, a young Brethren guy. Because of the size of the house, they really wanted it several years earlier when we didn't want to sell it, it was a tad over 300sqm on a 900 sqm section. The house across the road was a standard 3 bed Keith Hay type home, someone paid 300K for it as a rental.

We went to auction with the local agent that sold us the house, always said we would never do that, but we did, settled on a reserve price and it sold on the day for 3K over the reserve price, the experience was awesome to be honest, everyone got what we wanted, everyone was happy.

[HenryDorsetCase]

love the smell of Auckland in the morning, smells like money

That is genius. Seriously that is someones signature. Hell I would put that on a business card if I worked there.





For Auckland they need to have a Mandarin speaking assistant. Despite what that Idiot JK says Chinese are taking their money out of China as fast as they can and buying property in the west


This. It is absolutely fascinating.

Four of our nine staff in the new place are fluent Mandarin/Cantonese speakers with a bit of Korean and such.

I love my new job.

[Voltaire]

That is genius. Seriously that is someones signature. Hell I would put that on a business card if I worked there.




This. It is absolutely fascinating.

Four of our nine staff in the new place are fluent Mandarin/Cantonese speakers with a bit of Korean and such.

I love my new job.

I'm not sure my client would appreciate that on my business card:lol:

But hey, here is good. Auckland Rocks :2thumbsup

[neels]

What prevented you from advertising it yourself & letting people through for a look?
It doesn't sound like it was a particularly difficult task that required skill or special equipment, like baking a cake, or fixing a bicycle.
I would only use an estate agent if I was a paralysed deaf mute with no wife, kids or friends.
Put quite simply, I'm too lazy.

They did the running around signing up the paperwork, escorting building inspectors through the place, and the backwards and forwards chasing up on the details before confirmation of the contract. Easier having them do it than the lawyer and I'd rather be at my day job than selling houses to people, so figured it was worth the $5k for an agent.

[Pixie]

Jealous? Much?
:bleh:

Jealous of being in hock to the bank up to 30 meters above your eyeballs?
Not likely.

[TheDemonLord]

C'mon dude, you were gifted a rung on the ladder...

I'd step back and stop blowing that trumpet, you've had it a lot easier, and done a lot less than others have done/are doing.

Gifted is a very long stretch - I still have to pay a 100% mortgage (if I had an actual cash deposit of 20%, my mortgage payments drop by $200-$300 a fortnight)

The reality is that if your family own a house, and they go guarantor on the deposit - is it such a risk to them:

lets assume a 20% deposit on a 600K house - that $120,000 worth of risk that they are taking on. Seems a lot doesn't it? However - Factor in this, if you pay your mortgage consistently, you will typically only need to wait up to 5 years before the payments you have made AND the appreciation of your house value means that you have enough equity in the house to take them off as Guarantor (even less in some suburbs, for example if the house prices continue, I will be taking my guarantor off at the 3 year mark). Factor in House insurance (compulsory for a Mortgage) and Life and Income protection insurance - it is virtually a risk-free gamble.

Now - you say I had it easier - I call BS. When I first looked at getting a Mortgage, all the banks I spoke to told me the same thing: No deposit, no Mortgage. At that point I could have stopped and I would have been in the same boat as everyone who was crying about Auckland house prices then.

But this is where I differed - I had decided I needed a house (in order to raise a family) and so it was a high priority for me to make it happen. Cue some googling and some research and I found that I could get a Guarantor on JUST the deposit (not the entire Mortgage)

So, I went back to the banks and they said that yes it was a possibility, but they would need to get independant legal advise and there would be risks (the Doom and Gloom speach and standard corporate waivers) etc.

If you want to believe that my farts smell like roses and I clicked my fingers and got a house, then more power to you. The reality is that I had to put in additional hard work to find a solution to getting a house. I then had to take extra measures to ensure that I could mitigate any risks for the Guarantor (as listed above) - measures which I pay for.

These options are open to me in much the same way they are open to anyone who has family that owns a house.

[Swoop]

Jealous of being in hock to the bank up to 30 meters above your eyeballs?
Not likely.

Interest rates are the lowest in ages and looking like going even lower. Very nice for those who have mortgages.
I don't see the need for one currently.

[HenryDorsetCase]

The reality is that if your family own a house, and they go guarantor on the deposit - is it such a risk to them:


As it happens, I can answer your question. For a small, OK, large charge.

The answer is: Yes, yes it is. My advice to everyone, deadpan, whenever advising anyone on any guarantee is "Do not sign this". What is a guarantee? It gives someone (the bank) access to assets (your parents) that they otherwise would not have and for no consideration.

Why go there?

Its even worse if the children are using the funds to go into "Business" but bad enough with a house. If you are a parent asked to do this the best way is to borrow the coin yourself, give it to the kid, and the kid borrows the balance from their bank. Why? it quarantines the exposure. You know upfront the amount you will be liable to the bank for, and if your kids turn out to be no-good pieces of shit (it happens) who dont pay, then you have some potential of not losing your own house. An unlimited, all obligations bank guarantee means you (the parents) are on the hook for ALL of the kids debt, plus interest and the costs of collection including fucking agents commission, valuation, and the cost of a big law firm to run a mortgagee sale. Plus you get less because its a mortgagee sale. Its a recipe for being fucked over big time and you should not do it.

IF YOU WISH TO PROCEED: Mum and Dad get your own lawyer. I cannot stress that enough. And fucking put the kids through the wringer. "Oh but my little Johnny/Janet would never do that to me". Yeah fucking right. Maybe they wouldnt but what about their embittered ex-partner? of the barmaid he is fucking on the side? or loses his job or whatever?

TL;DR: Look at the worst case, not the best case.

[HenryDorsetCase]

Gifted is a very long stretch - I still have to pay a 100% mortgage (if I had an actual cash deposit of 20%, my mortgage payments drop by $200-$300 a fortnight)

The reality is that if your family own a house, and they go guarantor on the deposit - is it such a risk to them:

lets assume a 20% deposit on a 600K house - that $120,000 worth of risk that they are taking on. Seems a lot doesn't it? However - Factor in this, if you pay your mortgage consistently, you will typically only need to wait up to 5 years before the payments you have made AND the appreciation of your house value means that you have enough equity in the house to take them off as Guarantor (even less in some suburbs, for example if the house prices continue, I will be taking my guarantor off at the 3 year mark). Factor in House insurance (compulsory for a Mortgage) and Life and Income protection insurance - it is virtually a risk-free gamble.

Now - you say I had it easier - I call BS. When I first looked at getting a Mortgage, all the banks I spoke to told me the same thing: No deposit, no Mortgage. At that point I could have stopped and I would have been in the same boat as everyone who was crying about Auckland house prices then.

But this is where I differed - I had decided I needed a house (in order to raise a family) and so it was a high priority for me to make it happen. Cue some googling and some research and I found that I could get a Guarantor on JUST the deposit (not the entire Mortgage)

So, I went back to the banks and they said that yes it was a possibility, but they would need to get independant legal advise and there would be risks (the Doom and Gloom speach and standard corporate waivers) etc.

If you want to believe that my farts smell like roses and I clicked my fingers and got a house, then more power to you. The reality is that I had to put in additional hard work to find a solution to getting a house. I then had to take extra measures to ensure that I could mitigate any risks for the Guarantor (as listed above) - measures which I pay for.

These options are open to me in much the same way they are open to anyone who has family that owns a house.

I do believe your farts smell like roses.

[eldog]

As it happens, I can answer your question. For a small, OK, large charge.

The answer is: Yes, yes it is. My advice to everyone, deadpan, whenever advising anyone on any guarantee is "Do not sign this". What is a guarantee? It gives someone (the bank) access to assets (your parents) that they otherwise would not have and for no consideration.

Why go there?

Its even worse if the children are using the funds to go into "Business" but bad enough with a house. If you are a parent asked to do this the best way is to borrow the coin yourself, give it to the kid, and the kid borrows the balance from their bank. Why? it quarantines the exposure. You know upfront the amount you will be liable to the bank for, and if your kids turn out to be no-good pieces of shit (it happens) who dont pay, then you have some potential of not losing your own house. An unlimited, all obligations bank guarantee means you (the parents) are on the hook for ALL of the kids debt, plus interest and the costs of collection including fucking agents commission, valuation, and the cost of a big law firm to run a mortgagee sale. Plus you get less because its a mortgagee sale. Its a recipe for being fucked over big time and you should not do it.

IF YOU WISH TO PROCEED: Mum and Dad get your own lawyer. I cannot stress that enough. And fucking put the kids through the wringer. "Oh but my little Johnny/Janet would never do that to me". Yeah fucking right. Maybe they wouldnt but what about their embittered ex-partner? of the barmaid he is fucking on the side? or loses his job or whatever?

TL;DR: Look at the worst case, not the best case.

+1 on this - it happens to the best intentioned people, usually by the ones who aren't related and who can least afford another debt.

[Voltaire]

As it happens, I can answer your question. For a small, OK, large charge.

The answer is: Yes, yes it is. My advice to everyone, deadpan, whenever advising anyone on any guarantee is "Do not sign this". What is a guarantee? It gives someone (the bank) access to assets (your parents) that they otherwise would not have and for no consideration.

Why go there?

Its even worse if the children are using the funds to go into "Business" but bad enough with a house. If you are a parent asked to do this the best way is to borrow the coin yourself, give it to the kid, and the kid borrows the balance from their bank. Why? it quarantines the exposure. You know upfront the amount you will be liable to the bank for, and if your kids turn out to be no-good pieces of shit (it happens) who dont pay, then you have some potential of not losing your own house. An unlimited, all obligations bank guarantee means you (the parents) are on the hook for ALL of the kids debt, plus interest and the costs of collection including fucking agents commission, valuation, and the cost of a big law firm to run a mortgagee sale. Plus you get less because its a mortgagee sale. Its a recipe for being fucked over big time and you should not do it.

IF YOU WISH TO PROCEED: Mum and Dad get your own lawyer. I cannot stress that enough. And fucking put the kids through the wringer. "Oh but my little Johnny/Janet would never do that to me". Yeah fucking right. Maybe they wouldnt but what about their embittered ex-partner? of the barmaid he is fucking on the side? or loses his job or whatever?

TL;DR: Look at the worst case, not the best case.

I was living in Ireland in 2002-04 during the Celtic tiger years and house prices there went mad. It got to the situation where Banks were encouraging people to get their Parents to go Guarantor. The general consensus was as you say not a great idea as Parents did not need the financial exposure at their point in life. It was also seen as 'feeding' the whole thing.
When it all came crashing down I'm sure there were a lot of badly hit people.
the Banks however got bailed out by the Government ( taxpayer) and carried on.
Does anyone pursue the individuals debts, oh yes, the Banks...ah no dats grand and handy like.
Hard to say how this one is going to end, but I gave up on any ideas of moving house as you need to buy first then sell.

[eldog]

Gifted is a very long stretch - I still have to pay a 100% mortgage (if I had an actual cash deposit of 20%, my mortgage payments drop by $200-$300 a fortnight)

The reality is that if your family own a house, and they go guarantor on the deposit - is it such a risk to them:

lets assume a 20% deposit on a 600K house - that $120,000 worth of risk that they are taking on. Seems a lot doesn't it? However - Factor in this, if you pay your mortgage consistently, you will typically only need to wait up to 5 years before the payments you have made AND the appreciation of your house value means that you have enough equity in the house to take them off as Guarantor (even less in some suburbs, for example if the house prices continue, I will be taking my guarantor off at the 3 year mark). Factor in House insurance (compulsory for a Mortgage) and Life and Income protection insurance - it is virtually a risk-free gamble.

Now - you say I had it easier - I call BS. When I first looked at getting a Mortgage, all the banks I spoke to told me the same thing: No deposit, no Mortgage. At that point I could have stopped and I would have been in the same boat as everyone who was crying about Auckland house prices then.

But this is where I differed - I had decided I needed a house (in order to raise a family) and so it was a high priority for me to make it happen. Cue some googling and some research and I found that I could get a Guarantor on JUST the deposit (not the entire Mortgage)

So, I went back to the banks and they said that yes it was a possibility, but they would need to get independant legal advise and there would be risks (the Doom and Gloom speach and standard corporate waivers) etc.

If you want to believe that my farts smell like roses and I clicked my fingers and got a house, then more power to you. The reality is that I had to put in additional hard work to find a solution to getting a house. I then had to take extra measures to ensure that I could mitigate any risks for the Guarantor (as listed above) - measures which I pay for.

These options are open to me in much the same way they are open to anyone who has family that owns a house.

You sound like you will be one of those that WILL pay it off and good on you. :niceone:
Its just that there are a lot of people out there who have been burnt by becoming guarantors, not just with houses, cars are a good example
several time I have just narrowly missed been totally burnt by 'friends' failing to pay back loans I gave them, to get them out of the shit or buy something they want.
Now if I cant afford to loose it I don't loan it.

[5ive]

Gifted is a very long stretch - I still have to pay a 100% mortgage (if I had an actual cash deposit of 20%, my mortgage payments drop by $200-$300 a fortnight)

The reality is that if your family own a house, and they go guarantor on the deposit - is it such a risk to them:

lets assume a 20% deposit on a 600K house - that $120,000 worth of risk that they are taking on. Seems a lot doesn't it? However - Factor in this, if you pay your mortgage consistently, you will typically only need to wait up to 5 years before the payments you have made AND the appreciation of your house value means that you have enough equity in the house to take them off as Guarantor (even less in some suburbs, for example if the house prices continue, I will be taking my guarantor off at the 3 year mark). Factor in House insurance (compulsory for a Mortgage) and Life and Income protection insurance - it is virtually a risk-free gamble.

Now - you say I had it easier - I call BS. When I first looked at getting a Mortgage, all the banks I spoke to told me the same thing: No deposit, no Mortgage. At that point I could have stopped and I would have been in the same boat as everyone who was crying about Auckland house prices then.

But this is where I differed - I had decided I needed a house (in order to raise a family) and so it was a high priority for me to make it happen. Cue some googling and some research and I found that I could get a Guarantor on JUST the deposit (not the entire Mortgage)

So, I went back to the banks and they said that yes it was a possibility, but they would need to get independant legal advise and there would be risks (the Doom and Gloom speach and standard corporate waivers) etc.

If you want to believe that my farts smell like roses and I clicked my fingers and got a house, then more power to you. The reality is that I had to put in additional hard work to find a solution to getting a house. I then had to take extra measures to ensure that I could mitigate any risks for the Guarantor (as listed above) - measures which I pay for.

These options are open to me in much the same way they are open to anyone who has family that owns a house.


I applaud you and your family for supporting each other into home ownership, congratulations. It is really quite hard to become a successful first home buyer in Auckland, I think it's admirable to take on such heavy debt to secure a future for yourself, your partner, and your child. Makes it even easier (possible) to consider a second child :msn-wink:

Securing a stable home to raise a family is important, and very desirable. Your motives are not at question here at all.

I may not have conveyed myself clearly in my previous posts, and i'm honestly just frustrated with, in my opinion, a real lack of empathy towards genuine first home buyers who have little chance of success due to 'rules', and personal circumstances out of their control.

Your posts here, and in other threads, have pissed me off because you seem to think that everyone has the same circumstances that you do, which I do not think is the case.

Here is my point, which you have finally conceded:



These options are open to me in much the same way they are open to anyone who has family that owns a house.

This is just one problem, within the Auckland housing market at the moment. You, as a first home buyer (with parents who are able to secure you a home loan with a bank) are the exception, not the rule.

[Voltaire]

I applaud you and your family for supporting each other into home ownership, congratulations. It is really quite hard to become a successful first home buyer in Auckland, I think it's admirable to take on such heavy debt to secure a future for yourself, your partner, and your child. Makes it even easier (possible) to consider a second child :msn-wink:

Securing a stable home to raise a family is important, and very desirable. Your motives are not at question here at all.

I may not have conveyed myself clearly in my previous posts, and i'm honestly just frustrated with, in my opinion, a real lack of empathy towards genuine first home buyers who have little chance of success due to 'rules', and personal circumstances out of their control.

Your posts here, and in other threads, have pissed me off because you seem to think that everyone has the same circumstances that you do, which I do not think is the case.

Here is my point, which you have finally conceded:



This is just one problem, within the Auckland housing market at the moment. You, as a first home buyer (with parents who are able to secure you a home loan with a bank) are the exception, not the rule.

I wonder if he or is guarantor have taken out Income Protection Insurance, as from previous post he rides a Motorcycle from Army Bay to Penrose or there abouts and tells of lane splitting.

I drive the Southern Motorway South each day and I have seen some pretty stupid motorcycle riding, for the sake of getting to work a few minutes earlier, makes me cringe.:facepalm:

[TheDemonLord]

Your posts here, and in other threads, have pissed me off because you seem to think that everyone has the same circumstances that you do, which I do not think is the case.

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems. I see a LOT of people who want the same things that everyone else has (short commute to work, nice area, big house, quarter acre section, good schools, easy public transport etc.) but can't afford it, so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.

My feelings on this are not just limited to the Auckland housing issue, it is an attitude that appears at least to me to be quite pervasive, particularly amongst people from my generation: 'Ive got a degree, someone should hire me!', 'I want a house, the Goverment should make it easy for me', 'I have a Student Loan, I shouldn't have to pay it back'

and that attitude pisses me off, and I think that if I can do it then why can't others do it?


This is just one problem, within the Auckland housing market at the moment. You, as a first home buyer (with parents who are able to secure you a home loan with a bank) are the exception, not the rule.

Because I made myself the exception.

[TheDemonLord]

I wonder if he or is guarantor have taken out Income Protection Insurance, as from previous post he rides a Motorcycle from Army Bay to Penrose or there abouts and tells of lane splitting.

I drive the Southern Motorway South each day and I have seen some pretty stupid motorcycle riding, for the sake of getting to work a few minutes earlier, makes me cringe.:facepalm:

Of course, it was one of the Risk mitigation strategies put in place - to make sure that my Parents weren't exposed to any risk.

[TheDemonLord]

Its just that there are a lot of people out there who have been burnt by becoming guarantors, not just with houses, cars are a good example

I hear yah - Cars are a bad example though, because they depreciate as opposed appreciate in the way that Houses/Land do

[Madness]

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems. I see a LOT of people who want the same things that everyone else has (short commute to work, nice area, big house, quarter acre section, good schools, easy public transport etc.) but can't afford it, so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.

You're an even bigger wanker than I'd previously thought.

[Motu]

I don't know where this thread has gone, I haven't looked at it since the first page. Anyway, I was looking through some old photos a couple of days ago (looking for early Cold Kiwi photos) and got distracted by some of my Mother's old stuff. There is a very small bad photo circa 1950 of my father and his stepbrother cleaning 2nd hand bricks to build a house behind their parents place...they must've owned from road frontage to the road behind. I used to travel the Tamaki River in the '90's and apart from a place one of my Aunties used to live in, it was the only other original house visable from my childhood. It must've stayed in the family, and in 2003 one of the cousins sold it for $1.3 mil....we were all a bit stuned. I think now we would be talking several million....for a house put up cheaply on land that wasn't worth building on. A lot of Auckland is like that, settlements that just got swallowed up.

[jasonu]

You're an even bigger wanker than I'd previously thought.

Why do you say that?

[Madness]

Why do you say that?

You're right. I should have seen it earlier...


yes, I own a house in Auckland and am less than 30


because it is doable, as proof - I did it.


Again - I did it


I had to be creative with the Deposit (I had none - but there are ways round that if you use your brain...)


we got a Guarantor on the deposit - so no money changed hands


my Parents


Try doing it with out having someone to sign on the line for you.


I mean you hardly had to knuckle down and save a deposit, is it? Correct me if I'm wrong, please.


You're Wrong.


I still have to pay a 100% mortgage


The reality is that I had to put in additional hard work to find a solution to getting a house.


Cue some googling


What I see - is first time home buyers... who don't want to make sacrifices in order to be a home owner.


instead of working around some of the problems, they through their hands up in the air and jump on Social Media to bitch about how impossible it is to do.


I see a lot of people want to do things, but not willing to do what they need to, to get it.


...so instead of compromising and making sacrifices, they complain and insist that someone else should do something so that they can get what they want.


...I see too many people who believe it is someone else responsibility to solve their problems.


Again - What people want vs what they are willing to do to get it.


...and that attitude pisses me off, and I think that if I can do it then why can't others do it?


Because I made myself the exception.

I do hope you bought the old man something fitting for the day Lardy because he deserves it.

[5ive]

You're right. I should have seen it earlier...

You're just jealous because you aren't willing to put the effort into solving your own problems like he has.

...and your family is probably poor, hahahahahahahahahahahahahahahahahahahahaha.

[Voltaire]

You're just jealous because you aren't willing to put the effort into solving your own problems like he has.

...and your family is probably poor, hahahahahahahahahahahahahahahahahahahahaha.

The 2 beddy flat next door in a block of 4 sold for 600K recently, so 20% deposit is 120K, I'd be impressed by anyone who could save up that sort of money for a deposit.

[5ive]

The 2 beddy flat next door in a block of 4 sold for 600K recently, so 20% deposit is 120K, I'd be impressed by anyone who could save up that sort of money for a deposit.

Me and my wife did, and then promptly bought a house outside of Auckland. We want our son to have a rural upbringing like we had.

I'm not going to toot my own horn, deny there is an issue with Auckland house prices, and claim everyone else can also do it though.

I don't think our personal situation is the norm...

[Indiana_Jones]

Of course everyone has different circumstances, the point that I am making is I see too many people who believe it is someone else responsibility to solve their problems.

..............they complain and insist that someone else should do something so that they can get what they want.

Because I made myself the exception.

http://i3.kym-cdn.com/photos/images/facebook/000/605/806/3a1.jpg

[AllanB]

Sold my EQ damaged house 'as is where is' a few months back. Becoming common in Christchurch, in theory I am against the process of damaged stock in the city for unweary future generations but got over it when the stars aligned with the sale/insurance money getting the family out of Christchurch into a nice new home. Bliss.

Anyway - we used an agent. Main reason was we are both busy at our jobs, had enough stress with the house and earthquakes anyway and were happy for the sale to be placed in a agents hands. They take a fair whack off you though.

Which makes me wonder about Auckland. Will million dollar sales being so normal up there has there been a backlash on agent fees? ie for them to be lowered to a set rate for the sale not on some percentage scale.

[Shaun Harris]

Sold my EQ damaged house 'as is where is' a few months back. Becoming common in Christchurch, in theory I am against the process of damaged stock in the city for unweary future generations but got over it when the stars aligned with the sale/insurance money getting the family out of Christchurch into a nice new home. Bliss.

Anyway - we used an agent. Main reason was we are both busy at our jobs, had enough stress with the house and earthquakes anyway and were happy for the sale to be placed in a agents hands. They take a fair whack off you though.

Which makes me wonder about Auckland. Will million dollar sales being so normal up there has there been a backlash on agent fees? ie for them to be lowered to a set rate for the sale not on some percentage scale.



Agent feea are Negotiable- or you call another one, simple as that. A lot of people think it is the agent that is in control, LOL. It,s your money and property, they are just having a lend of it to get another BMW or some thing

[Voltaire]

Agent feea are Negotiable- or you call another one, simple as that. A lot of people think it is the agent that is in control, LOL. It,s your money and property, they are just having a lend of it to get another BMW or some thing

I only wish we could have an economy based on barter like you country folk, but its easier to use money than try and store large quantities of say...Milo.

.

[Shaun Harris]

I only wish we could have an economy based on barter like you country folk, but its easier to use money than try and store large quantities of say...Milo.

.



hahaha:Punk:

[TheDemonLord]

You're right. I should have seen it earlier...


I do hope you bought the old man something fitting for the day Lardy because he deserves it.

No one has ever quoted me to the length you have - since you put so much effort in, I can only presume that secretely you love reading my posts and so quoted them for everyone else to enjoy again, or you have a raging hard-on for me.

Either way, I'm deeply flattered

[Madness]

Either way, I'm a narcissistic knob.

I know, right?

[Shaun Harris]

No one has ever quoted me to the length you have - since you put so much effort in, I can only presume that secretely you love reading my posts and so quoted them for everyone else to enjoy again, or you have a raging hard-on for me.

Either way, I'm deeply flattered



You sadly opened the door on this one dude. This place will never let a person say what they want, with out attacking back, but they are all correct, you had it so dam easy, it is JUST NOT FARE BOO HOO. Good on ya family for supporting and trusting you.

[TheDemonLord]

I know, right?

Love you too muffincakes

[mashman]

An Italian company built a 40-foot tall 3D printer to help solve the global housing crisis (http://www.businessinsider.com.au/wasp-builds-40-foot-3d-printer-to-build-clay-homes-2015-9)

[Ocean1]

An Italian company built a 40-foot tall 3D printer to help solve the global housing crisis (http://www.businessinsider.com.au/wasp-builds-40-foot-3d-printer-to-build-clay-homes-2015-9)

Is a cool trick eh? A mud hut built by a robot is still a mud hut, though.

And even more sophisticated machines and materials will run smack bang into a whole raft of building standards compliance issues.

[mashman]

Is a cool trick eh? A mud hut built by a robot is still a mud hut, though.

And even more sophisticated machines and materials will run smack bang into a whole raft of building standards compliance issues.

Tis a cool trick.

With the cheaper building cost, will that really matter?

[husaberg]

Tis a cool trick.

With the cheaper building cost, will that really matter?

I remember years and years ago seeing a expanded foam house being spayed over a chicken wire like structure it only took hours.

Only thing is Aucking house prices are nothing to do with the houses and everything to do with the land price.

[Ocean1]

Tis a cool trick.

With the cheaper building cost, will that really matter?

Well, yeah, without building consent it won't get built.

The whole thing about building standards being for consumer protection is bullshit, they're to protect dominant industry suppliers.

[mashman]

I remember years and years ago seeing a expanded foam house being spayed over a chicken wire like structure it only took hours.

Only thing is Aucking house prices are nothing to do with the houses and everything to do with the land price.

I've seen them doing that with concrete too. Also seen them doing the concrete thing over a balloon. Cool stuff.

Aye, they're not making any more of the stuff so it's bound to go up in price.

[husaberg]

I've seen them doing that with concrete too. Also seen them doing the concrete thing over a balloon. Cool stuff.

Aye, they're not making any more of the stuff so it's bound to go up in price.

Bulldoze all those hills into the Harbour, one tree hill for a start. Two birds one stone. It will also shorten the comute as well.

[mashman]

Well, yeah, without building consent it won't get built.

The whole thing about building standards being for consumer protection is bullshit, they're to protect dominant industry suppliers.

I meant that the consent (and associated) fees should be more affordable given the cheaper building costs of the printed hoose.

I'm sure there's a lot of truth in that, however I'd be pretty pissed if my house fell down because there was noone signing it off as habitable.

[mashman]

Bulldoze all those hills into the Harbour, one tree hill for a start. Two birds one stone. It will also shorten the comute as well.

Bit of a waste like... good idea or not.

[husaberg]

Bit of a waste like... good idea or not.

All that waters a waste of good land.
315969
Do i need to Email John Key or just assume he's read the forum anyway?

looks like they have done it in the past whats 400 acres in Aucland worth a 100 billion dollars.

Auckland’s port on the Waitematā was vital to the progress of the city and region. The first of a series of land reclamations to expand the port area began in 1859. By 1900, 132 acres (53 hectares) of land had been reclaimed from the harbour. By 1955 the total had reached 390 acres (157 hectares

[Ocean1]

I meant that the consent (and associated) fees should be more affordable given the cheaper building costs of the printed hoose.

I'm sure there's a lot of truth in that, however I'd be pretty pissed if my house fell down because there was noone signing it off as habitable.

Why? In theory the more common a building design and material is the cheaper it is to comply. It's for the weird shit that council need engineering calc's and often several other pro design declarations, which cost shitloads.

What makes you think complying with building standards makes a house any less likely to fall down? If you were serious about making sure it was safe you'd hire your own engineer / inspector to advise you, asking the council is simply pointless.

[AllanB]

What makes you think complying with building standards makes a house any less likely to fall down? If you were serious about making sure it was safe you'd hire your own engineer / inspector to advise you, asking the council is simply pointless.


Living in Christchurch there is proof of the above.

Unreinforced concrete slabs - Council approved.

Untreated timbers - Council approved.

Extensions ripping away from the original house - all Council approved.

[gsxr]

Yup agreedthe only way it works is with capital appreciation and historic low interest rates. Its sorta kinda affordable with rates at 5.5 and under. do the sums at 8, 10 and 12% (let alone the historic highs that I remember from the 80's: try first mortgages at 21 and 22% and see how that goes....).

in fact the people who should be blamed are real estate agents. No wonder you see their gurning mugs on the back of buses... do the sums on a $500k purchase. then if you want to flick it on you need to flick it at $545 or so to break even. Fucking leeches.

I remember the 80s . My ex wife managed to get the house until the children were 16 so i had to start again
Lending criteria was harsher back then. I had changed banks and the minimum savings history with them was 2 years .
Deposit on my next house was 40 % deposit with an interest rate of 23.5 % .Granted prices were lower but so were wages
23.5% is a massive rate to pay but was achievable as one does what one needs to do .

[sidecar bob]

I remember the 80s . My ex wife managed to get the house until the children were 16 so i had to start again
Lending criteria was harsher back then. I had changed banks and the minimum savings history with them was 2 years .
Deposit on my next house was 40 % deposit with an interest rate of 23.5 % .Granted prices were lower but so were wages
23.5% is a massive rate to pay but was achievable as one does what one needs to do .

And how's the ex doing now? Seriously, I've seen them given heaps & be worth nothing a few years later.

[mashman]

Why? In theory the more common a building design and material is the cheaper it is to comply. It's for the weird shit that council need engineering calc's and often several other pro design declarations, which cost shitloads.

What makes you think complying with building standards makes a house any less likely to fall down? If you were serious about making sure it was safe you'd hire your own engineer / inspector to advise you, asking the council is simply pointless.

A few designs I've looked at over the years have come with the engineering/structural info. I can only assume that's partly because of compliance. It may well be that the printed house doesn't, but I'd be surprised.

Yup, anyone could hire their own engineer/inspector should they wish, but why would you if the engineering/structural info states that so long as you build to the specs provided then you SHOULD be sweet. I didn't say anything about the council making any difference.

[Ocean1]

A few designs I've looked at over the years have come with the engineering/structural info. I can only assume that's partly because of compliance. It may well be that the printed house doesn't, but I'd be surprised.

Yup, anyone could hire their own engineer/inspector should they wish, but why would you if the engineering/structural info states that so long as you build to the specs provided then you SHOULD be sweet. I didn't say anything about the council making any difference.

Yes, spec houses usually come with enough documentation to successfully achieve compliance. In theory. In fact, the reg's change so often that pre-compliance is almost unheard of. Nor is engineering/structural info enough to obtain a permit to build. And you don't actually have a choice about asking the council. And you'd better do it politely or you can whistle for your permit.

Which was rather my point, they add fuck all value to any given build and charge you a significant portion of the build cost to do so. A monopoly rort, ineffective, unnecessary and brought to you by your local whiney arsed bitch complaining that "aorta" do something about his problems.

[PrincessBandit]

When I look at the market now, compared to when we bought our house back in 2000, we would be hard pressed to purchase in Auckland if we were starting from scratch. My son and his fiancé will most likely have to look outside of Auckland, even outside of South Auckland now (yeah, now that's reeeeeal bad!) if they want to save to buy a house. I have talked with them that saving a house deposit normally requires significant sacrifice financially/life style wise so unless you're lucky enough to inherit or win the lottery hard work saving is probably the only way. Even then, that doesn't guarantee anything here in our over-inflated Auck-bubble.

When we bought our first home we had to have 20% deposit. We thought house prices were high back then (late 80's) but nothing compared to todays mind boggling figures. Then banks went on their "no deposit" or 5% deposit rampage and people no longer had to forgo quite the same way in order to get their finance together. Once the banks returned to requiring a decent deposit people weren't used to that and now struggle to make ends meet.

All I can say is that, for me, I'm so glad I'm not at the start of the house buying continuum! In fact, without want to wish my life away, I look forward to being able to retire and move away from Auckland, knowing that we'd never in a million years be able to afford to come back here.

[Voltaire]

I hear that Ballina N.S.W is a nice place to retire but the climate can make you go a bit troppo :rolleyes:

[swarfie]

I hear that Ballina N.S.W is a nice place to retire but the climate can make you go a bit troppo :rolleyes:


:killingme :girlfight: :killingme

[Banditbandit]

I hear that Ballina N.S.W is a nice place to retire but the climate can make you go a bit troppo :rolleyes:

Pity it's only Ballina, NSW .. Ballina, County Cork, Ireland would be much better ...

[mashman]

Yes, spec houses usually come with enough documentation to successfully achieve compliance. In theory. In fact, the reg's change so often that pre-compliance is almost unheard of. Nor is engineering/structural info enough to obtain a permit to build. And you don't actually have a choice about asking the council. And you'd better do it politely or you can whistle for your permit.

Which was rather my point, they add fuck all value to any given build and charge you a significant portion of the build cost to do so. A monopoly rort, ineffective, unnecessary and brought to you by your local whiney arsed bitch complaining that "aorta" do something about his problems.

Sure, you have to ask nice. Why should they do business with you otherwise? It's their land.

Yeah well, owners choice right?

[Ocean1]

Sure, you have to ask nice. Why should they do business with you otherwise? It's their land.

Yeah well, owners choice right?

Then why don't they pay for it?

And no, owners don't get any choice, it's their way or fuck off.

[mashman]

Then why don't they pay for it?

And no, owners don't get any choice, it's their way or fuck off.

They claim to own it, so dance to their tune or don't. Users choice shirley?

Then I would venture that those who claim to be owners actually aren't.

[Ocean1]

They claim to own it, so dance to their tune or don't. Users choice shirley?

Then I would venture that those who claim to be owners actually aren't.

Where do councils claim to own privately held land? I'll be moving there straight away in order to not pay rates or service charges.

You're talking shit, as usual.

[mashman]

Where do councils claim to own privately held land? I'll be moving there straight away in order to not pay rates or service charges.

You're talking shit, as usual.

You have rights to the land. They own it given that they are a representative of the crown entity... coz the crown owns all land. Hence you have to go begging to them in order to do something to that land that is outwith that which they have already stipulated i.e. the regs. That they can keep changing the regs as to what happens on that land proves that you only have rights to it and that they own it. Easy really... well, for those who don't live in dictionary definition land.

And as per usual, you're woefully under informed.

[sidecar bob]

You have rights to the land. They own it given that they are a representative of the crown entity... coz the crown owns all land. Hence you have to go begging to them in order to do something to that land that is outwith that which they have already stipulated i.e. the regs. That they can keep changing the regs as to what happens on that land proves that you only have rights to it and that they own it. Easy really... well, for those who don't live in dictionary definition land.

And as per usual, you're woefully under informed.

It still doesn't make owning piles of the correct property a bad financial choice.

[Ocean1]

You have rights to the land. They own it given that they are a representative of the crown entity... coz the crown owns all land. Hence you have to go begging to them in order to do something to that land that is outwith that which they have already stipulated i.e. the regs. That they can keep changing the regs as to what happens on that land proves that you only have rights to it and that they own it. Easy really... well, for those who don't live in dictionary definition land.

And as per usual, you're woefully under informed.

Yes, I have the right to own it. The crown also has rights to own land. Crown land, I think you'll find it's called.

As usual your pathetic attempts to pretend that money doesn't in fact represent value simply shows how bizarrely contorted your "logic" needs to get in order for you to believe the bogie men have stolen all your toys.

Get some new neurosis, your current ones sorta make you a fuckwit.

[mashman]

It still doesn't make owning piles of the correct property a bad financial choice.

Did I ever say it did?


Yes, I have the right to own it. The crown also has rights to own land. Crown land, I think you'll find it's called.

As usual your pathetic attempts to pretend that money doesn't in fact represent value simply shows how bizarrely contorted your "logic" needs to get in order for you to believe the bogie men have stolen all your toys.

Get some new neurosis, your current ones sorta make you a fuckwit.

Can the govt tell you to take your house down?

I didn't bring money into it.

Answer the above question and see how far my neurosis stretches, dickhead :D

[Ocean1]

Can the govt tell you to take your house down?

I didn't bring money into it.

Answer the above question and see how far my neurosis stretches, dickhead :D

Not without reason, no. Even if they could, what the fuck's that got to do with ownership?

Money does imply ownership then?

There, you're still a neurotic fuckwit.

[mashman]

Not without reason, no. Even if they could, what the fuck's that got to do with ownership?

Money does imply ownership then?

There, you're still a neurotic fuckwit.

If you own the thing, how can anyone tell you what you can and can't do with it?

Ownership of what?

No, you're still a brainless chimp that's swallowed what he's been taught without actually thinking it through :niceone:

[Ocean1]

If you own the thing, how can anyone tell you what you can and can't do with it?

Ownership of what?

No, you're still a brainless chimp that's swallowed what he's been taught without actually thinking it through :niceone:

Fuck me, is it possible that you really are that thick?

It's not just some bizarre act?...

[sidecar bob]

You have rights to the land. They own it given that they are a representative of the crown entity... coz the crown owns all land. Hence you have to go begging to them in order to do something to that land that is outwith that which they have already stipulated i.e. the regs. That they can keep changing the regs as to what happens on that land proves that you only have rights to it and that they own it. Easy really... well, for those who don't live in dictionary definition land.

And as per usual, you're woefully under informed.

This is a good thing I think, as id be a bit annoyed if someone built a piggery or a truck depot on the property next to my house . . oh, wait, they cant anyway, because I own that too.
A few rules around property usage prevent it all becoming a complete circus.

[mashman]

Fuck me, is it possible that you really are that thick?

It's not just some bizarre act?...

Nope, but it's obvious that you are. As you were dumbass.


This is a good thing I think, as id be a bit annoyed if someone built a piggery or a truck depot on the property next to my house . . oh, wait, they cant anyway, because I own that too.
A few rules around property usage prevent it all becoming a complete circus.

If said piggery (mmmmm, bacon) or truck depot was deemed to be of value to the community, the govt could quite easily take that land off you. I say easily, but you'd have to go to court for the real owner to decide who has the right. Right != Own.
I don't have much of a problem with the rules, coz as you say, it prevents a certain level of bullshit 3 ring circus sideshow.

[TheDemonLord]

I sit somewhere on the fence between Mashman and Ocean1.

That is, I can accept that there is a need for some form of local Governance of land and resources, but in the same breath - I support the notion of 'It's my land, therefore I will do with it as I please'

Its hard when you end up arguing with yourself - both of us are too stubborn to admit defeat.

[mashman]

I sit somewhere on the fence between Mashman and Ocean1.

That is, I can accept that there is a need for some form of local Governance of land and resources, but in the same breath - I support the notion of 'It's my land, therefore I will do with it as I please'

Its hard when you end up arguing with yourself - both of us are too stubborn to admit defeat.

Let me sway one of you then, so you can sleep a little easier after feeling the win over yourself ;).

"Compulsory acquisition

If we cannot reach an agreement with you to purchase your land, the Public Works Act allows the Minister for Land Information to acquire the land compulsorily. This power is only exercised after we have made all reasonable endeavours to negotiate the sale and purchase of your land in good faith" (http://www.linz.govt.nz/crown-property/acquisition-and-disposal-land/public-works)

Only a fuckin idiot wouldn't know these things given how overtly evident they are :laugh:

[neels]

"Compulsory acquisition

If we cannot reach an agreement with you to purchase your land, the Public Works Act allows the Minister for Land Information to acquire the land compulsorily. This power is only exercised after we have made all reasonable endeavours to negotiate the sale and purchase of your land in good faith" (http://www.linz.govt.nz/crown-property/acquisition-and-disposal-land/public-works)
This is an absolute last resort, for high value projects of national importance, and it takes a very very long time. This was considered on a job I'm slightly involved in, but taking 3-5 years is too long to put a light on a pole where the owner doesn't want it, so had to go looking for other alternatives.

Even then, your title to the land is recognised, and how much you get for it depend on how good your lawyer is, they don't get to just take it.

But yes, title to land only entitles you to occupy it, and requires that you abide by the relevant (by)laws that apply to it.

[nodrog]

Compulsorily acquired? You know what this means don’t you, they’re acquiring it compulsorily!

[sidecar bob]

I am aware of several people that have owned land required for major roading upgrades in our district, all have been paid out very generously, on no occasion was the land seized.

[Akzle]

That is, I can accept that there is a need for some form of local Governance of land and resources, but in the same breath - I support the notion of 'It's my land, therefore I will do with it as I please'


unless you want to put up an antenna. Or drill for oil. Or plant cannabis. Or tip paint into 'your' river. Or manufacture methamphetamine. Or paint your house bright pink. Or run a pimp out yo' hoes. Or. Or. Or.

For anyone with the ability to comprehend, look up the difference between alloidal and fee simple titles,


or course, its all just jew paper.

Noone owns shit. Noone gets out alive.

A lifetime lease, (subject to ts and cs), is the best you can beg for. If you're so inclined.

[nodrog]

There is no one section. It’s just the vibe of the thing.

[Laava]

There is no one section. It’s just the vibe of the thing.

Tell em they're dreamin.

[mashman]

I am aware of several people that have owned land required for major roading upgrades in our district, all have been paid out very generously, on no occasion was the land seized.

Aye. The only (ok, not only, but certainly the primary) reason they pay people off is to prevent the knowledge that they can take yaw shit from reaching the public domain en masse. Peeps like Ocean might get pissed that they've been misled and might request the removal of the law, tui :shifty:

[Ocean1]

Let me sway one of you then, so you can sleep a little easier after feeling the win over yourself ;).

"Compulsory acquisition

If we cannot reach an agreement with you to purchase your land, the Public Works Act allows the Minister for Land Information to acquire the land compulsorily. This power is only exercised after we have made all reasonable endeavours to negotiate the sale and purchase of your land in good faith" (http://www.linz.govt.nz/crown-property/acquisition-and-disposal-land/public-works)

Only a fuckin idiot wouldn't know these things given how overtly evident they are :laugh:


unless you want to put up an antenna. Or drill for oil. Or plant cannabis. Or tip paint into 'your' river. Or manufacture methamphetamine. Or paint your house bright pink. Or run a pimp out yo' hoes. Or. Or. Or.

For anyone with the ability to comprehend, look up the difference between alloidal and fee simple titles,


or course, its all just jew paper.

Noone owns shit. Noone gets out alive.

A lifetime lease, (subject to ts and cs), is the best you can beg for. If you're so inclined.

Yeah, all solid proof that teh govt always owns your shit even if you pay for it and that teh man is out to get you. :laugh:

[nodrog]

Dad reckons fishing is 10% brains and 95% muscle, the rest is just good luck.

[Ocean1]

Aye. The only (ok, not only, but certainly the primary) reason they pay people off is to prevent the knowledge that they can take yaw shit from reaching the public domain en masse. Peeps like Ocean might get pissed that they've been misled and might request the removal of the law, tui :shifty:

No, dickhead, the reason they pay people is because the people own it.

But, yeah it's probably about stopping anyone finding out about them stealing, er, buying your shit also. 'Cause that'd absolutely work no problem. :rolleyes:

[mashman]

Yeah, all solid proof that teh govt always owns your shit even if you pay for it

Well done that man. I never thought I'd see the day that you finally climbed out of denial land. I'm almost speechless.


No, dickhead, the reason they pay people is because the people own it.

But, yeah it's probably about stopping anyone finding out about them stealing, er, buying your shit also. 'Cause that'd absolutely work no problem. :rolleyes:

bwaaaaaaaaaaaaa ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha haaaaaaaaaaaaaaaa and straight back into denial land, which you do actually own :killingme

http://www.carpediemjames.com/wp-content/uploads/2015/07/henry-ford-on-banking-smaller.png

[nodrog]

I went to go home last night and it was gone, there is a WINZ in its place.

[sidecar bob]

I went to go home last night and it was gone, there is a WINZ in its place.

my place is a Chinese milk powder plant.
Looks like were going to be van neighbours at the Mayfair St Trailer Park, that's if the Govt hasn't seized that too.

[nodrog]

my place is a Chinese milk powder plant.
Looks like were going to be van neighbours at the Mayfair St Trailer Park, that's if the Govt hasn't seized that too.

they took my van too, apparently I don't own that either.

[Akzle]

Yeah, all solid proof that teh govt always owns your shit even if you pay for it and that teh man is out to get you. :laugh:

pretty much. Dipshit.

If you paid with jewgold. Dem jews own it.

Just try doing illegal stuff with money... Unless you're old, white and jew, you're off to pound-me-in-the-ass prison.

[Akzle]

they took my van too, apparently I don't own that either.

was it registered? Because, legally speaking, to register is to abandon...

[nodrog]

https://thebyronicmandotcom2.files.wordpress.com/2012/04/lionel_hutz1.jpg

[Voltaire]

my place is a Chinese milk powder plant.
Looks like were going to be van neighbours at the Mayfair St Trailer Park, that's if the Govt hasn't seized that too.

The Tauranga Trailer Park Boys ...The TTPB, sounds like some sort of secret agreement:laugh: